1736-1740 N Sierra Bonita Ave - Office/Residential FOR SALE


Pasadena, CA 91104
$1,700,000 USD
909-576-0695
1736-1740 N Sierra Bonita Ave, Pasadena, CA for Sale
$1,700,000 USD
Office/Residential - FOR SALE
1/57
null | Request Cap Rate

1736-1740 N Sierra Bonita Ave
Pasadena, CA 91104


HIGHLIGHTS

  • Substantial future development potential - Possibly five additional residential units
  • Surrounded by high-earning, residential neighborhoods

OVERVIEW

Don’t miss this unique opportunity to acquire two commercial buildings that are surrounded by homes. The property consists of two lots totalling 13,973 SF with three buildings. The two front buildings are commercial (1,008 SF and 2,138 SF), and there is a 912-SF, craftsman, 3-bed, 2-bath, fully remodeled, single-family home in the back. All buildings can be delivered vacant at closing. Create the most convenient restaurant, shop, or office for the high-earning customers and clients who live nearby. The front portion of the property is zoned C2, which allows a variety of uses, including medical offices, dental offices, professional offices, executive suites, restaurants, bakeries, delicatessens, clothing stores, hardware stores, grocery stores, ice cream shops, and more. On top of that, the back of the property is zoned R2, which allows two single-family residences along with junior ADUs and detached ADUs for each. Preliminary research suggests that four (possibly five) additional residential units could be constructed. Build the perfect space for your own business and generate additional income with residential units. Max out the development potential and then sell for a profit, or build a home for yourself and generate income on the rest. The possibilities are endless!

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$418 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,973 SF

ZONING

LCR2VV & LCC2

APN/PARCEL ID

5851-003-003,5851-003-014

ASK ABOUT THIS PROPERTY

Caleb HansonKeller Williams Realty College ParkMore Info
909-576-0695

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Caleb HansonKeller Williams Realty College ParkMore Info
909-576-0695

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.