Property profile

1010 Msn St South Pasadena, CA 91030

OFF-MARKET
Turn key restaurants
Property ID
US09-8321653
3,695 SF 0.06 ac lot Built 1908
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This is a for-lease restaurant space located in South Pasadena’s Historic Mission West district, near the Gold Line train station and along a pedestrian-oriented street. The space is situated in a mixed retail and dining area with surrounding restaurants, cafes, and specialty businesses, and is within walking distance of a weekly farmers market held on Thursdays. The property is configured as a restaurant use within a dense neighborhood retail corridor.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1908
Construction TILT-UP CONCRETE
Total area 3,695 SF
Lot 0.06 ac (2,699 SF)
Zoning code SPCM*
APN 5315-014-027
UPID US09-8321653

Cap rate & NOI

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

Location

1010 Msn St South Pasadena, CA 91030-3146
South Pasadena metro Census 480602 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.20M

Owner & transaction history

since 2021
Last sale
$2.4M
7 recorded transactions
2022
Price N/A
2021
$2.4M
2019
Price N/A
2019
$1.9M
2011
$975,000
2011
Price N/A
2000
$660,000

Zoning & alternative use

SPCM* · South 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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