Exceptional investment opportunity in the heart of the City of South Pasadena, CA. Discover a rare gem a 1.300 acre development site within a vibrant 1.945 acre city block. Prime location with a 94/100 walk score, 108 unit entitlement, condo rights, and 10,597 SF of new retail fronting bustling Mission Street. Just a block from the Metro Gold Line, the site sits in the heart of South Pasadena's historic shopping district full of charm, walkability, and community vitality. Historic El Centro buildings are fully leased with plans underway for a food hall + songwriter venue. Acquire the 1.3 acre development site for $15.5M (closing upon APN recordation) or seller may consider selling the entire 1.945 acre city block, including leased historic buildings, for $23M. Don't miss this rare opportunity to invest in South Pasadena's walkable, culturally vibrant downtown. Contact us now two APNs, full entitlements, and the most sought after location in the City of South Pas!