Renovated 1925 Pasadena Office
55 Waverly Dr Pasadena, CA 91105
55 Waverly Dr, Pasadena, CA, 91105
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For Sale
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Redone office building with live-work unit and high occupancy.
Property Size13,880 SF
Price / SF$500
Days on Market2858
Property Features for 55 Waverly Dr
General Information
- Standard status
- Active
- Size
- 13,880 SF
- Property subtype
- Office
Building Details
- Year Built
- 1925
Listing Agency
MacVaugh & Co
(626) 255-2308
Listed by
Hoss MacVaugh · License #CA 00971669
Source
Crexi
Added: Sep 24, 2018 Updated: Jul 10 at 3:44 pm Checked: Jul 19 at 8:29 am
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 MacVaugh & Co
Investment Insights
Based on property information with market context.
This renovated 1925 office building was last updated in 1997. The property is 100% occupied by nine tenants. Unit 101 features a live-work space and includes two parking spaces. The interior design of each unit incorporates an industrial aesthetic, characterized by exposed brick walls, high ceilings, bow truss ceilings, and concrete flooring. The building's location offers a quiet environment while remaining a short drive from Old Pasadena. The property has a size of 13880 square feet.
Key Highlights
- 100% Occupied with Nine (9) Tenants
- Unit 101 has Live‑Work Capability
- Convenient Location: Quiet feel, yet close to Old Pasadena
Local Financial Insights For Office B
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 | $466.4k | $33.60 |
| − Vacancy | −$70.0k | −$5.04 |
| EGI | $396.4k | $28.56 |
| − OpEx | −$99.1k | −$7.14 |
| NOI | $297.3k | $21.42 |
13,880 SF · lease $33.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.25M
$3.72M – $4.96M
NOI $297,310 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$312.44M
$273.38M – $364.51M
NOI $21,870,761 @ 7.0% cap · market cap 315.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Further.
Advertising Agency
Concept Design Academy
Vocational School
Code French
Film Production
3Kicks Art Studio
Theater & Performing Art Venue
Nicolas's Insulation Contractor ...
General Contractor
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FAQs
What type of property is this?
Office building - Redone office building with live-work unit and high occupancy.
Where is this office building located?
The property is located at 55 Waverly Dr Pasadena, CA.
What is the asking price?
The asking price for this property is $6,940,000.
What are key features of this property?
This property features: 100% Occupied with Nine (9) Tenants; Unit 101 has Live‑Work Capability; Convenient Location: Quiet feel, yet close to Old Pasadena
