Exceptional investment opportunity in the heart of the City of South Pasadena, CA. Discover a rare gem -- a 1.300-acre development site within a vibrant 1.945-acre city block. Prime location with a 94/100 walk score, 108-unit entitlement, condo rights, and 10,597 SF of new retail fronting bustling Mission Street. Just one block from the Metro Gold Line, the site sits in the heart of South Pasadena's historic shopping district -- full of charm, walkability, and community vitality. The historic School Hall buildings are fully leased to acclaimed tenants including Villa's Tacos (Michelin-rated), The Boy & The Bear Coffee, Chocolate Roastery + Cafe, and District Brewery + Restaurant -- creating a thoughtfully curated culinary destination. The property also features Sid The Cat, a beloved local music and arts venue. Acquire the 1.3-acre fully entitled development parcel for $15.5M, the leased historic School Hall buildings with premier tenants for $12M, or the entire 1.945-acre city block including both assets for $25M. Don't miss this rare opportunity in the heart of South Pasadena's walkable, culturally vibrant downtown. Contact us today -- two APNs, full entitlements, strong tenancy, and the most sought-after location in the City of South Pas!

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