Pasadena Manufacturing Property For
848 N Fair Oaks Ave Pasadena, CA 91103
848 N Fair Oaks Ave, Pasadena, CA, 91103
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For Sale
Contact for pricing
Manufacturing property in Pasadena, delivered vacant upon close of escrow.
Property Size10,050 SF
Price / SF$317.21
Days on Market2963
Property Features for 848 N Fair Oaks Ave
General Information
- Standard status
- Active
- Size
- 10,050 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1962
Listing agency
Lee & Associates - Newport Beach
(949) 930-6292
Listed by
John Gessford · License #CA 01137479
Source
Crexi
Added: Jun 11, 2018 Updated: Jul 10 at 3:43PM Checked: Jul 19 at 9:54AM
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
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.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.5k | $18.96 |
| − Vacancy | −$12.2k | −$1.21 |
| EGI | $178.4k | $17.75 |
| − OpEx | −$53.5k | −$5.32 |
| NOI | $124.8k | $12.42 |
10,050 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.78M
$1.56M – $2.08M
NOI $124,847 @ 7.0% cap · market cap 3.92%
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 496.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hamilton Metalcraft
Metal Fabrication Plant
Similar For Sale Nearby
FAQs
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 $3,188,000.
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.
