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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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1035 Mission Street, South Pasadena – $25,000,000

  • $25M Price
  • 1.95 Acres
  • 59 DOM
  • $25M Price
  • 1.95 Acres
  • 59 DOM

1035 Mission Street

PORTFOLIO LISTING -- COMBINED OFFERING (COMMERCIAL / MIXED-USE / INVESTMENT). Exceptional investment opportunity in the heart of the City of South Pasadena, CA. Celebrated for its top-rated public schools, tree-lined streets, historic character, and creative energy -- a rare combination that consistently ranks among Los Angeles County's most sought-after places to live. Discover a rare gem -- a 1.945-acre fully entitled city block in the bustling core of downtown South Pasadena, one block from the METRO A LINE (GOLD LINE) and surrounded by the city's best dining, cafes, and retail. This unique offering combines two distinct parcels: the 1.3-acre MISSION STREET entitled development site (approved for 108 residential units with desirable condominium rights and 10,597 SF of ground-floor retail) and the EL CENTRO / SCHOOL HALL adaptive re-use, fully leased and rehabilitated parcel. Together, they offer DEVELOPMENT POTENTIAL and STABLE INCOME from premier tenants in a fully rehabilitated historic building within one of Los Angeles County's most walkable and desirable downtowns. 1.945 acres across two APNs -- Mission Street (1.3 acres) and El Centro / School Hall (28,122 SF) -- FLAGSHIP ENTIRE CITY BLOCK ASSEMBLAGE offering both immediate yield and exciting development potential. TOTAL BUILDING AREA (96,302 SF) reflects 11,435 SF of existing historic retail plus 84,867 SF of entitled new construction (10,597 SF new retail and 74,270 SF residential). APNs: 5315-008-048 (Development) + 5315-008-049 (Historic).

Essential Information

  • MLS® #25613999
  • Price$25,000,000
  • Bathrooms0.00
  • Acres1.95
  • TypeCommercial Sale
  • StatusActive

Community Information

  • Address1035 Mission Street
  • Area658 - So. Pasadena
  • CitySouth Pasadena
  • CountyLos Angeles
  • Zip Code91030

Exterior

  • ExteriorBrick
  • RoofClay, Spanish Tile, Tile
  • ConstructionBrick

Lot Description

Corner Lot, Lot Over 40000 Sqft, Near Park, Over 40 Units/Acre, Near Public Transit, Street Level

Additional Information

  • Date ListedNovember 3rd, 2025
  • Days on Market59
  • ZoningDTSP

Listing Details

  • AgentMatthew Gangi
  • OfficeTricity Realty Inc
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Matthew Gangi, Tricity Realty Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of January 1st, 2026 at 12:18am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.