The mixed-use property located at 1000 Fremont Avenue in South Pasadena has been sold for $4,340,000. This fully leased asset spans 12,100 square feet, translating to a price per square foot of $359. It houses a diverse set of 22 office, retail, and service tenants, which includes the well-known Piccadilly Grace restaurant featuring outdoor garden space. Originally constructed in 1925 as a mortuary and later adapted as a live theater venue, the building is noted for its historical significance and long-standing connection to Pulitzer Prize winner Ray Bradbury’s Pandemonium Theatre Company.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,340,000
• Square Footage: 12,100
• Price Per Square Foot: $359
• Address: 1000 Fremont Avenue
• Market: South Pasadena
• Seller: Lissa & James Reynolds
• Broker: Andrew Berk - Avison Young
• Buyer: Local all-cash buyer

The transaction engaged prominent parties, including Lissa & James Reynolds as the sellers and Andrew Berk from Avison Young representing them. The buyer, a South Pasadena-based investor, expressed interest in the property’s authenticity and anticipated long-term value, solidifying the investment in one of Los Angeles’s most sought-after submarkets.