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    1008 Fair Oaks Ave South Pasadena, CA 91030-3310
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    Property profile & analytics

    1008 Fair Oaks Ave, South Pasadena, CA 91030-3310

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    • Retail space
    • 4,725 SF
    • 0.27 lot acres
    Off-Market
    Last Sale Aug 4, 2023
    $300,500
    Property ID
    US09-9058187
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Marcia Bleifer - State Farm Insurance Agent / Insurance Agency
    • SP Asian Therapy & Spa / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 1008 Fair Oaks Ave

    Year built
    1926
    Construction
    TILT-UP CONCRETE
    Lot size
    0.27 lot acres
    Zone code
    SPC1*
    Property type
    Retail space
    APN
    5318-015-004
    APU
    5318015004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 1, 2024 — Fourth Oaks LLC — Deed · related $400k · Leslie Lazner Geller
    Aug 4, 2023 — Fourth Oaks LLC Leslie Lazner Geller Quit Claim Deed · related —
    May 17, 2018 — Owner Name Unavailable Lazner,harold A Affidavit Of Death $555k · Farmers & Merchants Bk/lng Bch
    Dec 31, 2003 — Lazner,tr Lazner,tr Quit Claim Deed · related —
    Aug 31, 1993 $300,500 Lazner Trust Serber Trust Grant Deed $250k · Imperial Thrift & Loan
    Sep 1, 1989 — Sidney Serber Serbe Quit Claim Deed · related —
    — — Lazner Trust — Deed Of Trust · related $308k · Southern Pacific Thrift & Loan
    — — Lazner,h A & D Family Trust — Deed Of Trust · related $620k · Wells Fargo Bank
    — — Lazner,h A & D Fam L & Trust — Deed Of Trust · related $555k · Farmers & Merchants Bk/lng Bch
    — — Lazner H A & D Family Trust — Deed Of Trust · related $550k · Banco Popular North America
    — — Lazner H A & D Fam Living Trust — Deed Of Trust · related $50k · Harry Gertz
    — — Lazner Trust — Deed Of Trust · related $25k · Individual
    — — Lazner Trust — Deed Of Trust · related $500k · Quaker City Federal S & L

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.15
    Latitude
    34.1144
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,118
    $536,371
    $345,469
    $881,840
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,445,000
      7,021 SF

      1105 Fair Oaks Ave

      RETAIL STORES (PERSONAL SERVICES)
      1105 Fair Oaks Ave, South Pasadena, CA 91030-3311
      View Details
    • Value Estimation
      $2,830,000
      15,432 SF

      1315 Fair Oaks Ave

      RETAIL STORES (PERSONAL SERVICES)
      1315 Fair Oaks Ave, South Pasadena, CA 91030-3868
      View Details
    • Value Estimation
      $1,780,000
      5,100 SF

      1005 Fair Oaks Ave

      RETAIL STORES (PERSONAL SERVICES)
      1005 Fair Oaks Ave, South Pasadena, CA 91030
      View Details
    • Value Estimation
      $760,000
      4,050 SF

      921 Fair Oaks Ave

      RETAIL STORES (PERSONAL SERVICES)
      921 Fair Oaks Ave, South Pasadena, CA 91030-3307
      View Details
    • Value Estimation
      $3,555,000
      22,200 SF

      1401 Huntington Dr

      RETAIL STORES (PERSONAL SERVICES)
      1401 Huntington Dr, South Pasadena, CA 91030-4512
      View Details
    • Value Estimation
      $1,445,000
      4,270 SF

      1040 Msn St

      RETAIL STORES (PERSONAL SERVICES)
      1040 Msn St, South Pasadena, CA 91030-3173
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      9,800 SF

      Retail Space in South Pasadena

      High-traffic retail space with excellent visibility and accessibility.
      1129 Fair Oaks Ave, South Pasadena, CA 91030
      View Details
    • Contact for pricing
      1,300 SF

      Retail/Office Space For Lease

      Retail or office space available for lease.
      711 Fair Oaks Ave, South Pasadena, CA 91030
      View Details
    • Contact for pricing

      Retail Space with Street Frontage

      Retail space available with excellent visibility and private restroom.
      1419-1423 Mission St, South Pasadena, CA 91030
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    • Contact for pricing
      1,075 SF

      Retail/Office Space Available

      Retail or office space suitable for professional services.
      812-816 Fair Oaks Ave, Pasadena, CA 91030
      View Details
    • Contact for pricing

      Retail Space on Fair Oaks

      Retail space available for rent on Fair Oaks Avenue.
      814 Fair Oaks Ave, South Pasadena, CA 91030
      View Details
    • $3 SF/Yr
      3,500 SF

      Restaurant/Retail Space Near Metro

      3,500 SF restaurant/retail space in South Pasadena's downtown.
      921 Meridian Ave, South Pasadena, CA 91030
      View Details
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    South Pasadena, CA 91030-3310
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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