Property profile

1 California Blvd Pasadena, CA 91105

OFF-MARKET
Investment properties
Property ID
US09-7842462
29,868 SF 1.45 ac lot Built 1964
Individually Owned 30-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This Pasadena commercial property, located at 1 W California Blvd (NWC of California Blvd. & Fair Oaks Ave.), offers a unique blend of office and retail space within the Cal Fair Plaza. The 32,238 square foot building, constructed in 1914 and renovated in 1980, sits on a 1.45-acre lot and features seven buildings with two stories each. The property boasts 16 suites, with a minimum divisible space of 552 square feet and a maximum contiguous space of 1,142 square feet. Currently, 4,224 square feet are vacant. The building has a 0.51 FAR and offers one parking spot per suite. Amenities include exposed brick walls and skylights in select office suites, creating a quiet workspace with natural light. A common area restroom is available. The property's C3 zoning in Los Angeles County, within the San Gabriel Valley's Pasadena submarket, provides excellent visibility and accessibility. Its prime location is within walking distance of Old Pasadena and Huntington Hospital, with convenient access to the 210, 134, and 110 freeways, as well as the Metro Gold Line. The property is a brick shopping center featuring ground floor retail/restaurant space and second-level office spaces. Major tenants include Porta Via, Los Tacos, Lulu Brandt, and Fashion Cleaners. The property benefits from a bus line and signalized intersection, ensuring high visibility and accessibility.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1964
Construction TILT-UP CONCRETE
Total area 29,868 SF
Lot 1.45 ac (62,976 SF)
Zoning code PSC-
APN 5713-041-024
UPID US09-7842462

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
  • (Bike/Boat/Book/etc) Store
  • Physician Medical Clinic
  • Restaurant
  • Tattoo & Piercing Shop
  • Physician Medical Clinic

Location

1 California Blvd Pasadena, CA 91105-3029
Pasadena metro Census 463700 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$4.99M

Owner & transaction history

since 1996
4 recorded transactions
2017
Price N/A
1996
Price N/A
1996
$2.2M
1995
$2.0M

Zoning & alternative use

PSC- · Pasadena, CA

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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