Office for Sale in Pasadena, CA

  • Price: $6M
  • Listing type: For sale
  • Asset type: Office
  • Location: Pasadena, CA 91101

Description

Rare Owner/User Office or Retail Opportunity on Colorado Boulevard CBRE, is pleased to present this exceptional owner/user opportunity to acquire 489 E. Colorado Boulevard, commonly referred to as the “Harry FitzGerald” building in the heart of the Playhouse Historic District of Pasadena, CA. This elegant two-story office building totals approximately 7,774 square feet and is located on north side of the iconic Rose Parade route of Colorado Boulevard. Boasting a healthy “WalkScore” of 97 (‘Walkers Paradise’), the Property offers convenient access to abundant surrounding retail amenities and public transportation. Constructed in 1926, the building was designed for Harry FitzGerald, who operated one of Pasadena’s most exclusive men’s stores for over twenty-five years. Designated on the National Register of Historic Places and thoughtfully preserved, the property is currently utilized as office and will be delivered vacant at the close of escrow. Featuring 22’ ceilings with large skylights, offices, conference rooms and dedicated private parking, this historic property offers a user the rare opportunity to own a piece of Pasadena’s historic charm.

Market Context

This office in Pasadena, CA is listed for sale at $5,995,000. It has been on the market for 148 days. Compare it against other office listings for sale in Pasadena, CA — <a href="/search/sale/office/california/pasadena">view the full market</a>.

As of Q1 2026, the Greater Los Angeles office market showed a 14.7% vacancy rate, average asking rents near $35.40/SF/yr, rents up 0.7% year over year, and cap rates around 5.8%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

What is the typical cap rate for office in Greater Los Angeles?
About 5.8% as of Q1 2026, per Consensus.
Is the Greater Los Angeles office market tightening or softening?
Vacancy is around 14.7%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence

$150.93/SF – $204.21/SF

Mid: $177.57/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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