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Property profile

1392 Washington Blvd Pasadena, CA 91104

OFF-MARKET
Retail properties & Spaces
9,511 SF 0.55 ac lot Built 1925
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Property summary

AI-generated overview

This exceptional 9,511-square-foot retail property, located at 1392 E Washington Blvd in Pasadena, CA 91104, presents a unique investment opportunity. Situated on a 0.55-acre lot at the signalized intersection of Washington Boulevard and Hill Avenue, this single-story building boasts an ideal location in northeast Pasadena, bordering Altadena. Built in 1925 and renovated in 2014, the property features 82 parking spaces and is zoned CL. The building's charming architecture complements its convenient location within a high-income area, boasting average household incomes exceeding $120,000 annually. Currently, the entire 9,511 square feet is available for lease, offering a blank canvas for a diverse range of retail, restaurant, or fitness concepts. The property's strategic placement ensures high visibility and accessibility, making it an attractive destination for businesses seeking to tap into a thriving community. This is an exceptional opportunity to establish a presence in a desirable Pasadena neighborhood. The property's history and recent renovations combine to create a unique and appealing space for a discerning tenant. Ample parking ensures customer convenience. Los Angeles County location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1925
Total area 9,511 SF
Lot 0.55 ac (23,958 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1392 Washington Blvd Pasadena, CA 91104
Pasadena metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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