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    234 El Molino Ave Pasadena, CA 91101

    Sponsored
    For Sale
    $2,800,000

    Playhouse District gem, 5,012 sq ft.

    Property size:
    5,012 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story creative office building, located in Pasadena's prestigious Playhouse District, presents a unique owner-user investment opportunity. Boasting 5,012 square feet of versatile space on a substantial 10,446 square foot lot, this Class B property offers ample room for growth and expansion. Built in 1982, the building features 18 parking spaces, a significant advantage in this highly desirable area. The property's zoning is C, allowing for a variety of uses. The asking price is $2,800,000, translating to $558.66 per square foot. The gross lease structure simplifies management. The building's design incorporates multiple skylights, maximizing natural light, and the ground floor includes an enclosed courtyard with full-height glass sliders, perfect for collaborative work or relaxation. Its prime location offers easy access to major thoroughfares, public transportation, and is within walking distance of numerous amenities, including top-rated restaurants, banks, Paseo Colorado, and the Lake Avenue Gold Line Station. This property is an ideal investment for businesses seeking a vibrant, accessible, and inspiring workspace in a highly sought-after location. The multi-tenant capacity provides flexibility for various business models. The property features no tenant credit rating.

    Property Features for 234 El Molino Ave

    General Information

    Property type
    Office space
    Square Feet
    5,012 SF
    Class
    B

    Building Details

    Year Built
    1982
    Stories
    2

    HighLights

    • Prime Playhouse District location, near restaurants, banks, Paseo Colorado, and the Gold Line Station.
    • Ample parking with 18 spaces.
    • Abundant natural light from multiple skylights.
    • Ground floor enclosed courtyard with full‑height glass sliders.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lovelyn Integrative Healing Mental Health Service Soul Revealed Craniosacral Therapy Donna Mitchell, RD Nutritionist City of Huntington Park ... City Government Office Luke Csehak Psychotherapy Psychotherapist

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1369477913
    Latitude
    34.150053273604

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    FAQs

    What type of property is this?
    Office space - Playhouse District gem, 5,012 sq ft.
    Where is this office space located?
    The property is located at 234 El Molino Ave Pasadena, CA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: Prime Playhouse District location, near restaurants, banks, Paseo Colorado, and the Gold Line Station.; Ample parking with 18 spaces.; Abundant natural light from multiple skylights.
    Request Owner's contact information
    234 El Molino Ave Pasadena, CA 91101
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    Pasadena, CA 91101
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    Realmo Value Estimation

    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.

    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.

    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
    234 El Molino Ave Pasadena, CA 91101
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