Exceptional investment opportunity set in the heart of downtown South Pasadena, California! Discover a rare gem a 1.1-acre development site within a vibrant 1.9-acre block. Prime location with an exceptionally high walk score (94/100) and coveted entitlements for 108 residential units with desirable condo rights and 10,597 sq. ft. of premier retail space along bustling Mission St. Located in the very center of South Pasadena's charming shopping district, adjacent to the Library, and a mere block away from the Metro Goldline Station. The historic buildings have plans to become a vibrant food hall + songwriter music venue, further enhancing the appeal of the property. Secure the 1.1-acre development portion at 15M (closing upon APN map finalization). Alternately, acquire the entire 1.9-acre block, including the historic buildings, for 23M. Don't miss this exclusive chance to invest in South Pasadena's thriving community. Contact us now to explore the immense potential of this investment opportunity!
Property Details
Property Features
Listing Office:
Office Name: Tricity Realty Inc
Office Phone: (818) 298-4281
Listing Agent: Matthew Gangi
Exterior Features
Exterior Information:
View: City Lights, Other
Lot Features
Lot Information:
Lot: Level
Lot Size: 1.10 Acres
Other
Directions Information:
Directions: The site is in the heart of the South Pasadena downtown -- It is bounded by Mission Street to the North, Fairview Avenue to the East, El Centro St. to the South, and Diamond Avenue to the West.
Price Information
Listing Price Info
Price Summary:
List Price: $15,500,000
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Housing Market Comparison
See how this home compares to others in South Pasadena, CA.
This property is $13.8M more than the Median Sold Price in South Pasadena, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #23250919
Listing Office:
Office Name: Tricity Realty Inc
Office Phone: (818) 298-4281
Listing Agent: Matthew Gangi
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 9:21:12 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 15, 2021
Jun 15, 2021Home Sold
$12,251,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
-
$166,512
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Marengo Elementary School
1400 Marengo Ave
Distance between this listing and this school0.65 miles
Public District Grades KG-5
8
/10
Arroyo Vista Elementary School
335 El Centro St
Distance between this listing and this school0.65 miles
Public District Grades KG-5
8
/10
Monterey Hills Elementary School
1624 Via Del Rey
Distance between this listing and this school0.91 miles
Public District Grades KG-5
Nearby Schools
9
/10
South Pasadena Middle School
1500 Fair Oaks Ave
Distance between this listing and this school0.60 miles
Public District Grades 6-8
8
/10
Park Elementary School
301 N Marengo Ave
Distance between this listing and this school1.54 miles
Public District Grades KG-8
6
/10
Luther Burbank Middle School
6460 N Figueroa St
Distance between this listing and this school1.61 miles
Public District Grades 6-8
Nearby Schools
10
/10
South Pasadena High School
1401 Fremont Ave
Distance between this listing and this school0.41 miles
Public District Grades 9-12
5
/10
Blair High School
1201 S Marengo Ave
Distance between this listing and this school0.96 miles
Public District Grades 6-12
6
/10
Los Angeles College Preparatory Academy
625 Coleman Ave
Distance between this listing and this school1.79 miles
The neighbors living near this home have an average income of $62,891. The majority of South Pasadena, CA residents have income between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1020 El Centro St
What is the listing price of this property?
The listing price of 1020 El Centro St property is $15,500,000.
What type of property is this?
The property 1020 El Centro St is land located in South Pasadena, California, 91030.
Is this property for sale now?
Active Listing: 1020 El Centro St is For Sale (Active/New) which means the seller is accepting offers.
When was this property sold last time and for how much?
The last sale was on June 15, 2021 for $12,251,500. (source: MLS/tax record).
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This home is located at 1020 El Centro St in South Pasadena, CA and zip code 91030 in the The San Gabriel Valley neighborhood. This home sits on a 1.10 acre lot. It has been listed on Rocket Homes since March 14, 2023 and is currently priced at $15,500,000.
In November 2024, from all listings sold in South Pasadena, CA there were more than 7 sold above asking price, over 4 sold below and more than 0 were sold right at the asked price. In November 2024 in South Pasadena, CA there were 3.7% less homes for sale than in October 2024. In November 2024 median list price was $1,675,000 and the average listing age was 18 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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