Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1301 Spruce South Pasadena, CA 91030

    View on Map
    Pending
    $3,499,000

    Single Family Residence - South Pasadena, CA

    Type:Single Family Residence
    Property size:
    3,610 SF
    Lot size:
    15,143.00 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    151
    Last Refresh:
    Apr 3 at 11:06 pm

    Property Features for 1301 Spruce

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    7
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    2
    Exterior features
    Community Features Included: Suburban, Front Yard
    Standard status
    Pending
    APN
    5319020016
    Size
    3,610 SF
    Lot size
    15,143.00 Acres

    Building Details

    Year built
    1909
    Floors in Building
    1
    Number of units
    4
    Architectural style
    Other

    We can help!

    Listing Contact
    Linda Medley

    Listing agent Linda Medley License #01240302

    Listing office Seven Gables Real Estate 326 S. Myrtle Ave., Tustin, CA

    Listing date Nov 3, 2025

    MLS# AR25247704 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Pasadena Multi-Parcel Estate

    This listing includes a total of three parcels and four homes to be sold together. The properties are located at 1301 Spruce (APN 5319-020-016), 1307 and 1307 1/2 (APN#5319-020-018), and 1806 Ramona (APN#5319-020-017) in South Pasadena, CA. The total lot size of the parcels is 15,143 square feet, which is approximately 0.35 acres. The combined property size is 3,610 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1539854
    Latitude
    34.1054009

    Nearby Similar for Sale

    • $1,699,000
      1,760 SF

      South Pasadena Mixed-Use Corner Unit

      Corner-unit in a sought-after mixed-use community with high-end finishes.
      820 Mission Street, South Pasadena, CA 91030
      View Details
    • $3,880,000
      12,915 SF

      South Pasadena Office Building

      Headquarters office building on a highly visible corner.
      1810 Fair Oaks Avenue, South Pasadena, CA 91030
      View Details
    • $2
      92,000 SF

      South Pasadena Class A Office

      Renovated office building near retail and transportation.
      625 Fair Oaks, South Pasadena, CA 91030
      View Details
    • $2
      43,317 SF

      Office Space with Free Parking

      Office suites available with various layouts and free parking.
      145 - 161 Pasadena Ave, South Pasadena, CA 91030
      View Details
    • $6,800,000
      9,990 SF

      South Pasadena Multifamily Investment Opportunity

      20-unit apartment building in South Pasadena with value-add potential.
      308 Pasadena Ave, South Pasadena, CA 91030
      View Details
    • $9,780,000
      18,517 SF

      Medical Building For Sale

      Medical building with 18,517 SF on Huntington Drive, South Pasadena.
      1600 Huntington Dr, South Pasadena, CA 91030
      View Details
    • $4,750,000
      12,915 SF

      Rare Headquarters Office Buildings On Prime Highly Visible Corner

      Two office buildings available separately or together in South Pasadena.
      1600 W Huntington Drive &1810 Fair Oaks Avenue, South Pasadena, CA 91030
      View Details
    • $9,780,000
      18,517 SF

      Rare Headquarters Office Buildings On Prime Highly Visible Corner

      Two office buildings available separately or together in South Pasadena.
      1600 W Huntington Drive &1810 Fair Oaks Avenue, South Pasadena, CA 91030
      View Details

    FAQs

    What type of property is this?
    Single family property - Four homes on three parcels totaling 15,143 square feet.
    Where is this single family property located?
    The property is located at 1301 Spruce South Pasadena, CA.
    What is the asking price?
    The asking price for this property is $3,499,000.
    What are key features of this property?
    This property features: Includes four homes to be sold together; Total lot square footage of 15,143; Consists of three parcels
    (626) 390-1800
    We can help!
    Listing Contact
    Linda Medley
    Real Estate License ID: 01240302
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!