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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Investment properties
1068 Allen Ave Pasadena, CA 91104-3203
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0231478
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1927
Construction
WOOD
Total area
2,800 SF
Lot
0.1 ac (4,407 SF)
Zoning code
PSC-
APN
5742-014-022
UPID
US10-0231478
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
-
The Law Offices of Daniel J. Tripathi Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
$830k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Nicholas Tripathi · 1 yrs held
Nicholas Tripathi
since 2025
Last sale
$940,009
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+27.7%
Retail stores
$1.4M
+26.9%
Medical building
$1.3M
+16.0%
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
Method
Estimation
Statistic approach
$955,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$775,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,095,000
Current use
AUTO REPAIR, GARAGE
$1,400,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$1,395,000
Change: +27% · Conversion: Easy
MEDICAL BUILDING
$1,275,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $940k (Jun 24 2021)
Last sale anchor
$940k
Jun 24 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$334 / SF
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
$12,028
Tax year 2024
Assessed value
$997,535
Assessed 2024
Previous assessed
$997,535
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$424,483
Assessed improvement
$573,052
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1927
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
2,800 SF
Lot
0.1 ac (4,407 SF)
Zoning code
PSC-
APN
5742-014-022
UPID
US10-0231478
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1927
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Nicholas Tripathi
Individual
Free & Clear · 1 yrs held
Mailing address
4192 BROCKTON AVE STE #100, RIVERSIDE, CA 92501-3430
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
—
Nicholas Tripathi
Leanna Tripathi
Deed
related
—
Jun 24, 2021
$940,000
Daniel Jai Tripathi
Sarkis Tatikian
Grant Deed
$799,000 · Pacific Premier Bank
Jan 5, 1990
$264,000
Tatikian Sarkis
Marsoubian Vahe&
Grant Deed
$125,000 · Sumitomo Bank
Mar 29, 1989
$225,000
Marsoubian Vahe
Watson Jesse R A
Grant Deed
$112,500 · Watson J R&e M
—
—
Jesse R A Watson
—
Deed Of Trust
related
$11,100 · Small Business Associates
—
—
Jesse R A Watson
—
Deed Of Trust
related
$8,900 · Small Business Associates
—
—
Sarkis Tatikian
—
Deed Of Trust
related
$130,000 · Robert J Flamer Psp
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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