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    Pasadena Mixed-Use Commercial Property Title is generated by Realmo AI

    1736 N Sierra Bonita Avenue, Pasadena, CA 91104

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    Commercial Lease - Pasadena, CA

    Property size:
    4,068 SF
    Added:
    Feb 28, 2026
    Days on Market:
    78
    Last Refresh:
    May 17 at 2:06 am

    Property Features for 1736 N Sierra Bonita Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    5851003003
    Size
    4,068 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1914
    Architectural style
    Other

    We can help!

    Listing Contact
    Caleb Hanson
    Caleb Hanson

    Listing agent Caleb Hanson License #01773995

    Listing office KELLER WILLIAMS REALTY COLLEGE PARK 1945 W. 9th Street, Upland, CA

    Listing date Feb 28, 2026

    MLS# CV26044451 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.

    HighLights

    • Mixed‑use property featuring commercial buildings and a remodeled 3‑Bed, 2‑Bath single‑family home.
    • Offers flexibility for a live/work setup or dedicated commercial use with distinct spaces.
    • Two commercial buildings, 1,008 SF and 2,138 SF, ideal for light storage or business operations.
    • Single‑Family Home boasts a private, fenced backyard.
    • Benefit from high ceilings (approximately 14' clear height) in the commercial buildings.
    • Potential for owner to enlarge rear doors of commercial buildings for convenient loading/unloading.

    Overview

    This mixed-use property in Pasadena, CA, offers flexibility with three buildings. It includes a 1,008 square foot commercial building, a 2,138 square foot commercial building, and a 912 square foot single-family home with three bedrooms and two bathrooms. The property is suitable for a contractor or other construction business, where the commercial buildings and large lot could be used for light storage, and the house could be used for office space. The house is remodeled and can support a live/work situation, featuring a private, fenced backyard. The owner is open to enlarging the rear doors of the commercial buildings to make them more suitable for loading and unloading materials and equipment. The ceilings have approximately 14' clear height. The property is shielded from the street by the two commercial buildings, and a privacy gate could be installed at the driveway to further minimize visibility from the street. The house is available for $3,500, and the commercial spaces are available together for $6,000. The entire property is available for $9,500 a month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon 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
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.117718
    Latitude
    34.176005

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    FAQs

    What type of property is this?
    Live-work space - Mixed-use property featuring commercial buildings and a single-family home.
    Where is this live-work space located?
    The property is located at 1736 N Sierra Bonita Avenue Pasadena, CA.
    What are key features of this property?
    This property features: Mixed‑use property featuring commercial buildings and a remodeled 3‑Bed, 2‑Bath single‑family home.; Offers flexibility for a live/work setup or dedicated commercial use with distinct spaces.; Two commercial buildings, 1,008 SF and 2,138 SF, ideal for light storage or business operations.
    (626) 328-4199
    We can help!
    Listing Contact
    Caleb Hanson
    Caleb Hanson
    Real Estate License ID: 01773995
    Learn More
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    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
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    1736 N Sierra Bonita Avenue, Pasadena, CA 91104
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