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507-511 Mission St 6,850 SF 100% Leased Flex Building South Pasadena, CA 91030 For Sale
Investment Highlights
- 3 Separately Metered Units
- Metro A Line Access to DTLA
- DTSP Mixed-Use Core Zoning
- High-Ceiling, Adaptable Floor Plans
- 100% OCCUPIED / 4,800 SF AVAILABLE
- FIRST TIME ON MARKET IN 40+ YEARS
Executive Summary
CBRE, Inc. presents a rare opportunity to acquire a premier, free-standing office building at 507-511 Mission Street, in the heart of South Pasadena’s historic Mission District.
First time on the market in over 40 years, this single-story property was originally constructed in 1927 and comprises 6,850 SF across three suites on 10,507 SF of land. High ceilings and flexible floor plans make the building well-suited for professional, creative, legal, or medical services — and its single-story layout offers a rare combination of accessibility and adaptability for a single owner/user or continued multi-tenant investment.
The property is currently 100% occupied, with two leases expiring in 2027 that will free up 4,800 SF for owner occupancy or re-leasing at market rates. The smallest suite (700 SF) expires March 2027 and the largest (4,100 SF) expires December 2027, while one long-term tenant occupying the remaining 2,050 SF is under lease through 2034, providing stable in-place income. Tenants cover all utilities based on occupancy, keeping operating expenses lean. The property sits within the DTSP Mixed-Use Core Zone and offers 11 surface parking spaces.
Positioned along Mission Street with unmatched walkability to Trader Joe’s, the weekly Farmers Market, and South Pasadena’s celebrated dining and retail scene, the building also offers Metro A Line access to Downtown Los Angeles. South Pasadena’s strong schools, high median incomes, and consistently low inventory have made it one of the most sought-after submarkets in the San Gabriel Valley.
First time on the market in over 40 years, this single-story property was originally constructed in 1927 and comprises 6,850 SF across three suites on 10,507 SF of land. High ceilings and flexible floor plans make the building well-suited for professional, creative, legal, or medical services — and its single-story layout offers a rare combination of accessibility and adaptability for a single owner/user or continued multi-tenant investment.
The property is currently 100% occupied, with two leases expiring in 2027 that will free up 4,800 SF for owner occupancy or re-leasing at market rates. The smallest suite (700 SF) expires March 2027 and the largest (4,100 SF) expires December 2027, while one long-term tenant occupying the remaining 2,050 SF is under lease through 2034, providing stable in-place income. Tenants cover all utilities based on occupancy, keeping operating expenses lean. The property sits within the DTSP Mixed-Use Core Zone and offers 11 surface parking spaces.
Positioned along Mission Street with unmatched walkability to Trader Joe’s, the weekly Farmers Market, and South Pasadena’s celebrated dining and retail scene, the building also offers Metro A Line access to Downtown Los Angeles. South Pasadena’s strong schools, high median incomes, and consistently low inventory have made it one of the most sought-after submarkets in the San Gabriel Valley.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment or Owner User | Rentable Building Area | 6,850 SF |
| Property Type | Flex | No. Stories | 1 |
| Property Subtype | Light Manufacturing | Year Built | 1927 |
| Building Class | B | Parking Ratio | 1.61/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | DTSP | ||
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 0.24 AC |
| Rentable Building Area | 6,850 SF |
| No. Stories | 1 |
| Year Built | 1927 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | DTSP |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5313-008-015 | Improvements Assessment | $695,697 CAD |
| Land Assessment | $584,372 CAD | Total Assessment | $1,280,069 CAD |
Property Taxes
Parcel Number
5313-008-015
Land Assessment
$584,372 CAD
Improvements Assessment
$695,697 CAD
Total Assessment
$1,280,069 CAD
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507-511 Mission St
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