Third-Floor Office
For Sale
Contact for pricing
735 N Orange Grove Blvd, Pasadena, CA 91103
A condominium office unit offers a dedicated setting within a multi-level office property.
Property Size2,578 SF
Price / SF$598.91
Days on Market103
Property Features for 735 N Orange Grove Blvd
General Information
Standard status
Active
Size
2,578 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Singer Park Neighborhood Association
Additional Details
Floor
3
Property Use
Office Condo
Listing Agency:
Lee & Associates
(626) 535-9888
Listed By:
Mauricio Olaiz · License #02073450
(626) 841-1864
Source:
Moodyscre
Added: Jul 16
Changed: Oct 26
Last Checked: Oct 24 at 3:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates
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Investment Insights
Based on property information with market context.
This office condominium occupies the third floor and contains 2,578 square feet. Its unit format provides office space within a larger building, with the floor and area defining the available space.
Key Highlights
- 2,578‑square‑foot office condominium
- Located on the third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,221
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,420
$1.1M
Cap Rate 7%
$788,871
$788.9K
Cap Rate 9%
$613,567
$613.6K
Market Conditions
NOI Build-Up for 2,578 SF
Gross rent
$86.6K $33.60/SF
− Vacancy
−$13.0K −$5.04/SF
EGI
$73.6K $28.56/SF
− OpEx
−$18.4K −$7.14/SF
NOI
$55.2K $21.42/SF
Area
Pasadena, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,420
Cap Rate 7%
$788,871
Cap Rate 9%
$613,567
Alternative Uses
Best Use
Office B
$788.9K
$690.3K – $920.4K
NOI $55,221 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$58.03M
$50.78M – $67.70M
NOI $4,062,163 @ 7.0% cap · market cap 263.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
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Business Placement
Demographics for 91103, CA
26,887
Population
9,392
Households
2.9
Avg Household Size
39
Median Age
38%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
5,845
Density / Sq Mi
$84,683
Median Household Income
$43,591
Median Earnings
$1,925
Median Rent
$960,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A condominium office unit offers a dedicated setting within a multi-level office property.
Where is this office unit located?
The property is located at 735 N Orange Grove Blvd Pasadena, CA.
What is the asking price?
The asking price for this property is $1,544,000.
What are key features of this property?
This property features: 2,578‑square‑foot office condominium; Located on the third floor
