238 S Arroyo Pkwy , #110

    Pasadena, CA 91105
    • $835,000
    • STATUS: Active
    • ON SITE: 156 days
    • ID#: AR19062994
    UPDATED: 48 min ago
    $835,000
    • 0
      BEDS
    • 0.78
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,433
      SQFT
    • $583
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2008
    County:

    School Ratings & Info

    Description

    EXCLUSIVE OFFERING! PRIME RETAIL CONDO AT THE DALTON IN OLD TOWN PASADENA. BUILT IN 2008, THE DALTON WAS A MIXED-USE DEVELOPMENT BORN FROM A VISION TO CREATIVE URBAN LIVING. IT CONSISTED OF 55 RESIDENTIAL CONDOS WITH DRAMATIC INTERIORS ATOP 5 RETAIL CONDOS AT GROUND LEVEL. GREAT INVESTMENT! CAP RATE OF 4.5%. THE SUBJECT RETAIL CONDO PROPERTY OCCUPIES THE HIGHLY VISIBLE PRIME CORNER UNIT AND IS CURRENTLY LEASED TO MISS CHEESE TEA CAF+G, A POPULAR TEA SHOP WITH HIGH CUSTOMER REVIEWS. THE INCOME PROFILE W/IN 15 MIN WALK RADIUS SHOWED A HIGH 40.7% OF RESIDENCES WITH HOUSEHOLD INCOME OF OVER $100K. CAP RATE OF 4.5%. EXCELLENT LOCATION. LOCATED AT THE SIGNALIZED CORNER OF S. ARROYO PARKWAY AND CORDOVA ST (SE CORNER), RIGHT ACROSS FROM METROLINK DEL MAR TRAIN STATION & PUBLIC PARKING STRUCTURE. ASIDE FROM GUEST PARKING SPACES IN THE BUILDING, THERE ARE PLENTY OF PUBLIC PARKING WITHIN THE AREA. HIGH FOOT AND CAR TRAFFIC WITH APPROX OVER 27K CARS/DAY.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-25T13:32:12.883. 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 deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/92920607

    238 S Arroyo Pkwy , #110 Pasadena, CA 91105

    • Price: $835,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: AR19062994
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.78
    Acres
    1,433
    SQFT
    $583
    $/SQFT
    2008
    Built
    Neighborhood:
    647 - Pasadena (SW)
    County:
    Los Angeles
    Area:
    647 - Pasadena (SW)
    Property Description
    EXCLUSIVE OFFERING! PRIME RETAIL CONDO AT THE DALTON IN OLD TOWN PASADENA. BUILT IN 2008, THE DALTON WAS A MIXED-USE DEVELOPMENT BORN FROM A VISION TO CREATIVE URBAN LIVING. IT CONSISTED OF 55 RESIDENTIAL CONDOS WITH DRAMATIC INTERIORS ATOP 5 RETAIL CONDOS AT GROUND LEVEL. GREAT INVESTMENT! CAP RATE OF 4.5%. THE SUBJECT RETAIL CONDO PROPERTY OCCUPIES THE HIGHLY VISIBLE PRIME CORNER UNIT AND IS CURRENTLY LEASED TO MISS CHEESE TEA CAF+G, A POPULAR TEA SHOP WITH HIGH CUSTOMER REVIEWS. THE INCOME PROFILE W/IN 15 MIN WALK RADIUS SHOWED A HIGH 40.7% OF RESIDENCES WITH HOUSEHOLD INCOME OF OVER $100K. CAP RATE OF 4.5%. EXCELLENT LOCATION. LOCATED AT THE SIGNALIZED CORNER OF S. ARROYO PARKWAY AND CORDOVA ST (SE CORNER), RIGHT ACROSS FROM METROLINK DEL MAR TRAIN STATION & PUBLIC PARKING STRUCTURE. ASIDE FROM GUEST PARKING SPACES IN THE BUILDING, THERE ARE PLENTY OF PUBLIC PARKING WITHIN THE AREA. HIGH FOOT AND CAR TRAFFIC WITH APPROX OVER 27K CARS/DAY.
    Exterior Features

    Lot Features Near Public Transit Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Name The Dalton Building Status Existing Country Us Investment Property YN Yes Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 37036.00 Property Sub Type Retail Retail Center Type Mixed Use Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Tommy Thai of T2 Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-25T13:32:12.883. 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 deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604