85 W GREEN STREET

PRICE

LOT SIZE

PASADENA, CA 91105

$3,050,000

8,534 SF

PRICE/SF (LAND)

$357

UNITS

PRICE/UNIT

PROJECT STATUS

18

$169,444

Ready to Issue (RTI)

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 85 W Green Street, an 18-unit RTI mixed-use development opportunity on 0.20 acres (8,534 square foot) of land situated on the NW signalized corner of W Green Street and S De Lacey Avenue in the vibrant “Old Town” neighborhood of Pasadena, CA.

85 W Green St will be delivered RTI, “Ready to Issue”, for an 18-unit mixed-use development project. The project features five (5) studios, averaging 482 square feet, and thirteen (13) one-bedroom units, averaging 671 square feet, with four (4) of the units set aside for low-income renters.

The subject property benefits from excellent visibility and frontage at the NW signalized corner of W Green Street and S De Lacey Avenue. The property’s location in Old Town Pasadena is a significant asset, situated just one block south of Colorado Blvd. This highly desirable area boasts a walk score of 97, reflecting its exceptional pedestrian accessibility.

Old Town Pasadena stands out not only for its vibrant street life but also for its historical significance. Notably, 85 W Green Street was formerly the site of the famous Twin Palms restaurant, previously owned by Kevin Costner. This historic establishment was a well-known landmark in the area, adding a layer of cultural heritage to the site.