Old Pasadena Coworking Flagship - Turnkey 2-Story Standalone w/ Parking

Pasadena, CA
Asking Price:
$1,850,000
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Notes from DenSwap:

"The playbook on this space is straightforward and is a great opportunity to expand into a highly desirable flagship location. By acquiring this space you'll be able to move fast, cash flowing on day one, and keep executing on the momentum they built to have this space paid off in less than 3 years."

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Total Square Feet
22,166
business
Office Inventory
39
coffee
Desk Inventory
90
inventory
Included Assets
$250,000
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Growth Trajectory
Stable
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Years in Operation
11+ years

Own Southern California's top-rated flagship coworking asset before year-end. You will be cash-flowing from day one, with next year's growth already under contract. No permits, no build-out, no hiring, no ramp: step into a profitable, fully staffed operation with 10.5 years of lease term secured.

The business generates approximately $450K in trailing EBITDA, stated after a full market-rate management team on the P&L. Forward EBITDA of $545K is contracted, not forecast: a scheduled rent reduction adds $60K annually beginning early 2027, and signed member agreements executed this year commence over the coming months. At the asking price, that is under a three-year payback on contracted earnings. Revenue is diversified across private offices, coworking memberships, meeting rooms, and a corporate channel that produced $96K through third-party platforms in the trailing twelve months. A line-item bridge from trailing to contracted EBITDA, the contract schedule, and the full financial package are available under NDA.

The asset is the top-rated and most-reviewed coworking operator in its market on Google with more reviews than its next three local competitors combined and holds the #1 organic search placement for its market, a position national operators currently purchase as sponsored listings. Independent search data (SEMRush) shows roughly 4x the local visibility of the nearest competitor. The result is a steady, year-round flow of inbound tours at zero paid acquisition cost, lead generation for a new entrant equates to an estimated $30–45K in annual ad spend, plus a decade of accumulated review history, to replicate. All digital assets including domain, business profiles, review histories, and platform listings, are conveyed with the sale.

Located in the historic downtown core of a premier LA-area submarket, one of Southern California's most walkable, high-demand districts, this 22,000 square foot floor plan is built for hybrid-era demand: 39 private offices at 89% occupancy, 100+ daily members who bring daily energy and a warm top-of-funnel, premium conference rooms, phone booths, collaborative lounges, and a dedicated content-production studio serving the LA creative economy.

Operations run on documented systems, not owner heroics. An SOP operating library, a trained on-site Location Manager, and a year of workflow automation produce a genuinely low-oversight operation suited to the right operator.

Three growth levers are quantified and ready:

Fill the five remaining offices: $90K annual upside. Private offices sit at 89% occupancy; the vacant suites carry a combined market rate of roughly $7,500/month. With the market's dominant inbound lead engine already delivering tours, absorption is execution, not demand creation and it flows through at near-full margin.

Activate the content studio: $36–50K conservative case. The studio is underutilized today; converted to office use it adds an estimated $36–50K annually, while its upside as a marketed production facility for the LA creative market is substantially larger and entirely optional.

Landlord-approved build-out: ~$72K annual upside. Approval is already secured to construct additional small offices in underutilized common area, adding an entry-level price point that feeds the membership funnel at an estimated $6K/month once stabilized.

The acquisition works three ways:

Strategic tuck-in: an established operator consolidates back-office functions and captures immediate margin expansion on top of contracted growth — the fastest path to accretive economics in a portfolio.
Regional flagship: a growing brand gains an immediate, high-profile Southern California foothold with the market's #1 digital presence attached.
Proven platform: for an investor or owner-operator, the SOP library, management in place, and contracted forward earnings make this a rare LA-Area foothold in the flex workspace industry.
After more than a decade of operation, including a post-2020 rebuild to record profitability, ownership is transitioning the platform to its next operator. The financial package, contract schedule, lease abstract, and identity of the business are available under NDA. Serious inquiries move quickly: this asset is priced to transact.

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