Private Investor Acquires 1509 Mission St South Pasadena From Little Acorn Properties For $2.28M

A historic retail building located at 1509 Mission St, South Pasadena, CA, has been sold for $2,280,000.00. The property spans a total area of 6,000 square feet and is completely leased to the South Pasadena Music Center & Conservatory. Originally built as a hardware store over a century ago, the building underwent renovations nine years ago, featuring a 20-foot ceiling, hardwood floors, exposed wood trusses, brick walls, steel beams, and a built-out basement.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,280,000.00
• Address: 1509 Mission St, South Pasadena, CA
• Market: South Pasadena
• Buyer: Private Investor
• Seller: Little Acorn Properties
• Buyer’s Representative: Andrew Berk, Avison Young
• Tenant: South Pasadena Music Center & Conservatory
• Tenant's Use: Instructing 240 music students, including 11 teaching studios, a drum studio, and performance and rehearsal hall space

Andrew Berk, Vice President at Avison Young, represented both the seller, Little Acorn Properties, and the buyer, a private investor from South Pasadena, during the transaction.