Sign Up Successful!
You now have access to more from Realmo!
    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

    Hanscom Dr South Pasadena, CA 91030

    Sponsored
    For Sale
    $295,000

    LAND - South Pasadena, CA

    Lot size:
    0.11 Acres
    Days on Market:
    144
    Last Refresh:
    Jan 23 at 2:06 am

    Property Features for Hanscom Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    SPR110000*
    APN
    5308-023-015
    Lot size
    0.11 Acres

    We can help!

    Listing Contact
    Katrina Webb-Mc Neil

    Compass

    Listing agent Katrina Webb-Mcneil (626) 205-4040 License #01397129

    Listing date Sep 2, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land in South Pasadena Hills

    This is an opportunity to own a 0.1053-acre piece of land in the hills of South Pasadena. The downslope lot is surrounded by character homes and modern new constructions. It is located in a neighborhood with views, and is near South Pasadena schools, shops, and dining. The zoning is SPR110000*.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    South Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.173742
    Latitude
    34.100944

    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 St, South Pasadena, CA 91030
      View Details
    • $3,499,000
      3,610 SF

      South Pasadena Multi-Parcel Residential Opportunity

      Four homes on three parcels in South Pasadena.
      1301 Spruce St, South Pasadena, CA 91030
      View Details
    • New
      $1,380,000
      2,142 SF

      South Pasadena Two-Story Office Building

      Well-located office building suitable for various businesses and investors.
      2120 Huntington Dr, South Pasadena, CA 91030
      View Details
    • Contact for pricing
      92,000 SF

      South Pasadena Class A Office

      Renovated office building near retail and transportation.
      625 Fair Oaks Ave, South Pasadena, CA 91030
      View Details
    • $750,000
      1,265 SF

      Updated Condo in South Pasadena

      Updated 2-bedroom, 2-bath condominium in the heart of South Pasadena.
      1715 Fair Oaks Ave, South Pasadena, CA 91030
      View Details
    • Contact for pricing
      3,864 SF

      Retail Space on Mission Street

      Prime retail space in a vibrant South Pasadena corridor.
      1421 Mission St, South Pasadena, CA 91030
      View Details
    • $1,395,000

      South Pasadena Triplex Investment Opportunity

      Well-maintained triplex in South Pasadena near shops and transportation.
      1416 Oak St, South Pasadena, CA 91030
      View Details
    • $3,995,000

      Luxurious Mixed-Use Building in Pasadena

      Versatile space with luxury apartment and convertible office/workshop.
      1104 Mission St, South Pasadena, CA 91030
      View Details
    • $4,750,000
      12,915 SF

      South Pasadena Office Building

      Headquarters office building on a highly visible corner.
      1810 Fair Oaks Ave, South Pasadena, CA 91030
      View Details
    • Contact for pricing
      43,317 SF

      Office Space with Free Parking

      Office suites available with various layouts and free parking.
      145 Pasadena Ave, South Pasadena, CA 91030
      View Details
    • $4,750,000
      12,915 SF

      Rare Headquarters Office Buildings On Prime Highly Visible Corner

      Rare Headquarters Office Buildings On Prime Highly Visible Corner
      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

      Rare Headquarters Office Buildings On Prime Highly Visible Corner
      1600 W Huntington Drive &1810 Fair Oaks Avenue, South Pasadena, CA 91030
      View Details

    FAQs

    What type of property is this?
    Land - Land in desirable South Pasadena hills to build your dream home.
    Where is this land located?
    The property is located at Hanscom Dr South Pasadena, CA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Highly desirable South Pasadena location.; - Opportunity to build a custom dream home on a downslope lot.; - Surrounded by high-value homes (character and new construction).
    (626) 205-4040
    Request Owner's contact information
    Hanscom Dr South Pasadena, CA 91030
    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.
    Hanscom Dr
    South Pasadena, CA 91030
    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
    Hanscom Dr South Pasadena, CA 91030
    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

    We can help!
    Listing Contact
    Katrina Webb-Mc Neil
    (626) 205-4040
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.