Your AI Navigator in Commercial Real Estate
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

    385 Cliff Dr, Unit 2 Pasadena, CA 91107

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $566,000

    Updated 2 bed, 1 bath condo with spacious private patio.

    Property size:
    888 SF

    Property Features for 385 Cliff Dr

    General Information

    Size
    888 SF

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Heidi Babcock
    Source: Kw

    Listing Agent: Heidi Babcock

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Midcentury Condo with Patio

    This updated condo, situated in a classic midcentury building, features two bedrooms, one bath, and a spacious private patio. The home offers a blend of classic exterior design and modern upgrades, including clean lines, updated flooring and kitchen, and windows and sliding doors that enhance the indoor-outdoor living experience. The open-concept living and dining area transitions into a modern kitchen equipped with quartz countertops, stainless steel appliances, and cabinetry. The primary bedroom is generously sized and includes ample closet space. The updated bathroom maintains a retro aesthetic with updated finishes. A standout feature is the oversized private patio, suitable for outdoor dining and relaxation. The condo is set within landscaped grounds and is located near Trader Joe's, restaurants, and Hastings Ranch shops such as Whole Foods and Starbucks. This updated home combines classic architecture with modern convenience.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.0754201
    Latitude
    34.1526153

    Nearby Similar for Sale

    • $1,500,000
      4,068 SF

      Pasadena Development Opportunity

      Development opportunity in prime Altadena location, close to shops and freeway.
      1736 N Sierra Bonita Ave, Pasadena, CA 91104
      View Details
    • $3,800,000
      4,480 SF

      Pasadena Freestanding Office Building

      Turn-key, high-image creative space in Pasadena, California.
      60 W Bellevue Dr, Pasadena, CA 91105
      View Details
    • $1,199,900
      1,774 SF

      Pasadena Duplex in Lamanda Park

      Residential income property in Pasadena's Lamanda Park neighborhood.
      84 N Vinedo 100, Pasadena, CA 91107
      View Details
    • $160,000

      Established Pet Grooming Business

      Turnkey pet grooming business opportunity in Pasadena, CA.
      2006 E Foothill Blvd, Pasadena, CA 91107
      View Details
    • New
      $1,199,997
      1,928 SF

      Pasadena Duplex Near Rose Bowl

      Pasadena duplex with value-add potential near the Rose Bowl.
      1380 Glen Ave, Pasadena, CA 91103
      View Details
    • $700,000
      1,283 SF

      Pasadena Duplex: Investment Opportunity

      Corner-lot duplex near Rose Bowl. Ideal for investors or owner-users.
      474 N Euclid Ave, Pasadena, CA 91101
      View Details
    • $1,150,000
      1,442 SF

      Pasadena Duplex on Large Lot

      Two houses on one lot in Pasadena neighborhood.
      43 Palmetto Dr, Pasadena, CA 91105
      View Details
    • $1,600,000
      3,700 SF

      Pasadena Investment Opportunity: Four Units

      Four-unit property in Pasadena, fully occupied, near Old Town.
      541 N Summit Ave, Pasadena, CA 91103
      View Details
    • $2,750,000
      3,520 SF

      Pasadena Apartment Building For Sale

      Apartment building in high-demand rental area, Pasadena, CA.
      1830 E Villa St, Pasadena, CA 91107
      View Details
    • New
      $2,990,000
      15,894.00 Acres

      Pasadena Multifamily Investment Opportunity

      Six-unit income property with development potential near Pasadena City College.
      92 N Allen Ave, Pasadena, CA 91106
      View Details
    • $85,000
      1,000 SF

      Pasadena Restaurant Business Opportunity

      Well-known family restaurant for sale in Pasadena, CA.
      1251 N Lake Ave, Pasadena, CA 91104
      View Details
    • $2,600,000
      6,250 SF

      Mixed-Use Property on Colorado Boulevard

      Mixed-use property with retail and residential units on Colorado Boulevard.
      3607 E Colorado 3611, Pasadena, CA 91107
      View Details

    FAQs

    What type of property is this?
    Apartment building - Updated 2 bed, 1 bath condo with spacious private patio.
    Where is this apartment building located?
    The property is located at 385 Cliff Dr, Unit 2 Pasadena, CA.
    What is the asking price?
    The asking price for this property is $566,000.
    What are key features of this property?
    This property features: - Spacious private patio perfect for indoor/outdoor living.; - Updated with a modern kitchen featuring quartz countertops and stainless steel appliances.; - Prime location near Trader Joe's, Whole Foods, Starbucks, and restaurants.
    Request Owner's contact information
    385 Cliff Dr, Unit 2 Pasadena, CA 91107
    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.
    385 Cliff Dr, Unit 2
    Pasadena, CA 91107
    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
    385 Cliff Dr, Unit 2 Pasadena, CA 91107
    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
    Heidi Babcock
    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.