Fair Hope Building
Address: 800 Fair Oaks Avenue
South Pasadena, California
Purchased: February 2004
Price: $3,900,000 ($164 per square foot)
Size: 23,798 square feet
Located at the SE corner of Fair Oaks Avenue and Hope Street in South Pasadena.
The property includes surface parking lots on Hope Street (7,650 square feet) and on Brent Street (15,300 square feet).
The building was restored and subsequently named a Cultural Heritage Landmark.
Status – Continue long-term hold to maximize cash flow and capital appreciation.