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    848 Fair Oaks Ave Pasadena, CA 91103

    Sponsored
    For Sale
    $3,488,000

    10,050 SF Medical Office, $3.49M

    Property size:
    10,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,050 square foot medical office building, located at 848 N. Fair Oaks Ave in Pasadena, California (91103), presents a unique investment opportunity. Currently owner-occupied and used for manufacturing, the property will be delivered vacant upon escrow closing, offering significant flexibility for future use. Built in 1962, the building sits on a 14,625 square foot lot and boasts a 16-foot ceiling height. The asking price is $3,488,000, translating to $347.06 per square foot. The property is zoned under the Fair Oaks Orange Grove Specific Plan, allowing for potential redevelopment opportunities, including residential or multi-family uses (subject to city approvals). The property's fee simple ownership provides complete control and potential for long-term appreciation. The Assessor's Parcel Number (APN) is 5725-001-008. This prime Pasadena location offers excellent access to major transportation routes and a thriving community. Detailed information, including the Offering Memorandum, is available online. This is a rare chance to acquire a substantial property in a desirable area with significant upside potential. Serious inquiries only.

    Property Features for 848 Fair Oaks Ave

    General Information

    Property type
    Medical offices
    Square Feet
    10,050 SF

    Building Details

    Year Built
    1962

    HighLights

    • $3,488,000 asking price for a 10,050 SF medical office building.
    • Located at 848 N. Fair Oaks Ave, Pasadena, CA 91103.
    • 14,625 SF lot size, Fee Simple ownership.
    • 16' ceiling height, built in 1962.
    • $347.06 price per square foot.
    • Owner/User investment opportunity, currently vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hamilton Metalcraft Metal Fabricator

    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
    -118.1502521
    Latitude
    34.1604777

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    FAQs

    What type of property is this?
    Medical office - 10,050 SF Medical Office, $3.49M
    Where is this medical office located?
    The property is located at 848 Fair Oaks Ave Pasadena, CA.
    What is the asking price?
    The asking price for this property is $3,488,000.
    What are key features of this property?
    This property features: $3,488,000 asking price for a 10,050 SF medical office building.; Located at 848 N. Fair Oaks Ave, Pasadena, CA 91103.; 14,625 SF lot size, Fee Simple ownership.
    Request Owner's contact information
    848 Fair Oaks Ave Pasadena, CA 91103
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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
    848 Fair Oaks Ave Pasadena, CA 91103
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