1000 Fremont Ave

South Pasadena, California

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Introduction

Stats

  • Property Type Special Purpose - Other
  • Year built 1925
  • Building size (SF) 12,057
  • Size (Ac) 0.48
  • Price $5,900,000
  • NOI Proforma $364,000
  • Cap Rate Proforma 6.17%

The Fremont Theatre & Office Building

Built in 1925, this once in a generation investment pride of ownership opportunity has a long-storied past, first as a mortuary and then repurposed for what felt like were it’s roots as a live performing arts theater space. The well established (22) office, retail, and service tenants on 2 floors are anchored by an interior beautiful courtyard and an absolute “best of” restaurant with Fiore Café and their magnificent outdoor garden space. This iconic building (cherished by the existing beloved operators and other legends who called it home including Ray Bradbury) is an absolute irreplaceable trophy asset in the heart of historic South Pasadena. Large long term leased parking lot comes with the sale.

Unique Investment Opportunity

Highly visible, signalized intersection

Mostly short-term leases in place

Prime location in South Pasandna
Boasting exceptional demographics

Tremendous upside potential

Location Map

Downloads

Fremont1000_OM2024.pdf

Team

Andrew Berk

Principal
Avison Young - US - CA - Los Angeles
16266764230