300 Raymond AvePasadena, CA 91105

Property Details for 300 Raymond Ave

Year built

1926

Construction

WOOD

Lot size

0.84 AC

Property size (Sq ft)

22,412 SF

Zone code

PSC-

Property type

Office properties

Property subtype

Office buildings

APN

5722-009-030

APU

5722009030

Description

This exceptional 974-square-foot creative office space is situated in a charming, two-story brick building at 300 S Raymond Ave, Pasadena, CA 91105. Built in 1960, this Class C property offers a unique blend of character and modern convenience. The space boasts attractive bow truss ceilings and skylights, creating a bright and inspiring work environment. The building itself comprises 9,642 square feet and sits on a generous 50,000-square-foot lot. It features a diverse tenant mix, including other offices, retail spaces, and a restaurant, fostering a vibrant and collaborative atmosphere. The property is conveniently located directly across from the Del Mar Metro Station, providing easy access to public transportation and placing it within close proximity to the bustling Old Pasadena district. While there is only one suite in the building, the property offers approximately one parking space per 1000 square feet. The building does not have elevators. This is a rare opportunity to lease a unique and well-located creative office space in a thriving Pasadena neighborhood. The available space is part of a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $6,005,492

  6.5%

  $5,543,532

  7%

  $5,147,565

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,244,120

  Geo Method

  $4,261,866

• Alternative Use

  Use

  Valuation

  Residential

  $6,873,980

  Hospitality

  $6,296,528

  Educational

  $5,238,638

  Medical

  $5,418,802

  Retail

  $8,148,992

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1401

Longitude

-118.148

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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