This 23,536 SF retail asset, located at 560 South Arroyo Parkway and 161 East California Boulevard in Pasadena, CA, presents a fully occupied investment opportunity with a stabilized NOI of $103,390. Built in 1926 and 1940, the property spans 0.43 acres with a combined gross leasable area of 11,768 SF. It is positioned in the highly desirable Pasadena submarket, benefiting from strong local demographics, high visibility, and a robust daily traffic count of 88,000-90,000 vehicles.

The offering is priced at $4,200,000, reflecting an in-place cap rate of 2.46% and a GRM of 19.05. Current in-place rents average $3,674, providing a stable income stream. The property’s 100% occupancy, coupled with its vintage character and location in a dynamic retail hub, makes it an attractive, low-risk investment. Positioned strategically in a high-demand market, this asset offers a secure tenancy profile with potential upside in future rent growth as market rates evolve.