Pasadena Manufacturing Property For
For Sale
Contact for pricing
848 N Fair Oaks Ave, Pasadena, CA 91103
Manufacturing property in Pasadena, delivered vacant upon close of escrow.
Property Size10,050 SF
Price / SF$297.31
Days on Market3065
Property Features for 848 N Fair Oaks Ave
General Information
Standard status
Active
Size
10,050 SF
Property subtype
Office, Industrial
Zoning
Fair Oaks Orange Grove Specific Plan
Investment Type
Owner/User
Site & Location
Neighborhood
The Front Porch Coalition
Building Details
Year Built
1962
Listing Agency:
Lee & Associates - Newport Beach
Listed By:
John Gessford · License #CA 01137479
(949) 278-6645
Source:
Crexi
Added: Jun 11, 2018
Changed: Oct 31
Last Checked: Oct 30 at 1:39PM
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 - Newport Beach
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is currently occupied by the owner for manufacturing purposes and will be delivered vacant upon the close of escrow. The building offers 10,050 square feet of space. According to the property website, further details are available in the Offering Memorandum. The property has potential for residential, multi-family use.
Key Highlights
- Delivered vacant upon close of escrow.
- Potential for residential, multi‑family development.
- Currently used for manufacturing.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,847
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,496,940
$2.5M
Cap Rate 7%
$1,783,529
$1.8M
Cap Rate 9%
$1,387,189
$1.4M
Market Conditions
NOI Build-Up for 10,050 SF
Gross rent
$190.5K $18.96/SF
− Vacancy
−$12.2K −$1.21/SF
EGI
$178.4K $17.75/SF
− OpEx
−$53.5K −$5.32/SF
NOI
$124.8K $12.42/SF
Area
Pasadena, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,496,940
Cap Rate 7%
$1,783,529
Cap Rate 9%
$1,387,189
Alternative Uses
Best Use
Industrial
$1.78M
$1.56M – $2.08M
NOI $124,847 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$226.23M
$197.95M – $263.93M
NOI $15,835,818 @ 7.0% cap · market cap 529.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing property in Pasadena, delivered vacant upon close of escrow.
Where is this manufacturing property located?
The property is located at 848 N Fair Oaks Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: Delivered vacant upon close of escrow.; Potential for residential, multi‑family development.; Currently used for manufacturing.
