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Property profile & analytics
OFF-MARKET
Office buildings
1001 Marengo Ave Pasadena, CA 91106-4207
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0243813
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1922
Construction
WOOD
Total area
1,090 SF
Lot
0.2 ac (8,850 SF)
Zoning code
PSC*
APN
5720-017-010
UPID
US10-0243813
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Connected Strides Physician Medical Clinic
-
Palafox Gwennyth PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
220 First Street LLC · 1 yrs held
220 First Street LLC
since 2024
7 recorded transactions
Zoning & alternative use
PSC* · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,547
Tax year 2024
Assessed value
$1,326,509
Assessed 2024
Previous assessed
$1,326,509
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$955,087
Assessed improvement
$371,422
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
1,090 SF
Lot
0.2 ac (8,850 SF)
Zoning code
PSC*
APN
5720-017-010
UPID
US10-0243813
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC* · Pasadena, CA
Zoning PSC* · permitted uses
PSC* · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1922
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
220 First Street LLC
Entity
Mailing address
551 S GREENWOOD AVE, SAN MARINO, CA 91108-1269
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
—
220 First Street LLC
Peter Kwok Hin Fung
Grant Deed
—
May 3, 2021
$1,250,000
Peter Kwok Hin Fung
Colorado Boulevard Re Investments L
Grant Deed
—
Sep 12, 2013
—
Boulevard R Colorado
Colorado Boulevard Invs LLC
Quit Claim Deed
related
—
Nov 10, 2011
—
Colorado Boulevard Invs LLC
Brittain 2008 Trust
Grant Deed
—
Jun 11, 2009
$340,000
Brittain 2008 Trust
Brittain John & D Trust
Grant Deed
—
Apr 14, 2009
—
Brittain John & Doris Trust
Brittain Real Estate LLC
Quit Claim Deed
—
Jun 2, 1999
—
Real Estate Brittain
Brittain Real Estate Part,
Quit Claim Deed
related
—
—
—
Brittain 2008 Trust
—
Deed Of Trust
related
$201,000 · Brittain John & Doris Trust
—
—
Brittain 2008 Trust
—
Deed Of Trust
related
$339,900 · Brittain John & Doris Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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