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815 Fremont Ave - 815 Freemont 0.81 Acres of Residential Land in South Pasadena, CA 91030
Investment Highlights
- Fully Entitled with Planning Approval Secured
- 56 Residential Condominiums + Ground-Floor Commercial
- Top-Ranked South Pasadena Unified School District
- Permit-Ready with No Entitlement Risk
- Transit-Oriented Site, 0.3 Miles to Metro A Line (Mission Station)
- Corner Lot with Three-Street Frontage and High Visibility
Executive Summary
CBRE is pleased to present this exceptional opportunity to acquire 815 Fremont Ave, a fully entitled mixed-use development site positioned on a prominent 0.81-acre corner parcel at Fremont Ave and Mission Street in South Pasadena, California. The Project carries approvals for 56 residential condominium units and 3,034 SF of ground-floor commercial space across a 4-story, 35,469 SF building, with entitlements granted by the City of South Pasadena Planning Division pursuant to the State Density Bonus Law.
This distinguished infill opportunity eliminates the entitlement risk and multi-year approval timeline typical of comparable sites in this submarket, allowing a qualified developer to move directly into the building permit and construction process. South Pasadena is one of the most supply-constrained residential submarkets in the San Gabriel Valley, and the Site benefits from a rare convergence of transit access, top-ranked schools, and an affluent surrounding demographic with a median household income well above Los Angeles County averages. Zoned SPCM within the Downtown Specific Plan, the Property sits just 0.3 miles from the Metro A Line's Mission Station, offering a compelling foundation for a high-quality residential and mixed-use development in one of the region's most desirable communities.
This distinguished infill opportunity eliminates the entitlement risk and multi-year approval timeline typical of comparable sites in this submarket, allowing a qualified developer to move directly into the building permit and construction process. South Pasadena is one of the most supply-constrained residential submarkets in the San Gabriel Valley, and the Site benefits from a rare convergence of transit access, top-ranked schools, and an affluent surrounding demographic with a median household income well above Los Angeles County averages. Zoned SPCM within the Downtown Specific Plan, the Property sits just 0.3 miles from the Metro A Line's Mission Station, offering a compelling foundation for a high-quality residential and mixed-use development in one of the region's most desirable communities.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 0.81 AC |
| Zoning | DT SP MIXED-USE CORE - DT SP MIXED-USE CORE South Pasadena Downtown Specific Plan (“DTSP”) and South Pasadena Zoning Code. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.81 AC |
| Zoning | DT SP MIXED-USE CORE - DT SP MIXED-USE CORE South Pasadena Downtown Specific Plan (“DTSP”) and South Pasadena Zoning Code. |
1 Lot Available
Lot
| Lot Size | 0.81 AC |
| Lot Size | 0.81 AC |
Description
New Ordinance effective June 13, 2026 Allowing density up to 100-152 du/acre and 65 feet height limit. -56-Unit, 4-Story Mixed-Use Condominium Project -Unit Mix: 24 x 1BD | 22 x 2BD | 10 x 3BD -3,034 SF Ground-Floor Commercial Space -35,469 SF (0.81 AC) Corner Parcel at Fremont Ave, Mission Street, and Hope Street -State Density Bonus Entitlement Approved by City of South Pasadena Planning Division -Concrete Podium with Wood-Frame Residential Above -96-Car On-Site Garage -Brick Facade Designed to Complement Mission Street Commercial Context -8 Inclusionary Units Designated for Affordable Housing
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Exceptionally walkable
90/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5315-009-051 | Improvements Assessment | $1,538,635 CAD |
| Land Assessment | $6,868,352 CAD | Total Assessment | $8,406,987 CAD |
Property Taxes
Parcel Number
5315-009-051
Land Assessment
$6,868,352 CAD
Improvements Assessment
$1,538,635 CAD
Total Assessment
$8,406,987 CAD
Contacts
-
Edward Matevosian -
Jenny Eng -
Tyler Rix -
Khalid Yosufzai -
Anique Clark -
CBRE, Inc.
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815 Fremont Ave - 815 Freemont
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