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    Property profile & analytics

    1129 Fair Oaks Ave South Pasadena, CA 91030-3311

    • Grocery and convenience stores
    • 28,000 SF
    • 1.88 lot acres
    OFF-MARKET
    Value Estimations
    $4,900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9058199
    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.

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
    • Pasadena & South Pasadena House Painting / Painting Service / General Contractor
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store

    Property Details for 1129 Fair Oaks Ave

    Year built
    1978
    Construction
    TILT-UP CONCRETE
    Lot size
    1.88 lot acres
    Property size
    28,000 SF
    Zone code
    SPC1*
    Property type
    Grocery and convenience stores
    APN
    5315-004-084
    APU
    5315004084

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,335,000
      Market price range: $5.34M - $17.2M
      AI Estimate
      $3,153,000
      Market price range: $1.67M - $9.81M

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

    Location Insight

    • Map
    • Local Demand
    City
    South Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.151
    Latitude
    34.1129
    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
    $69,533
    $2,852,082
    $2,526,670
    $5,378,752
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,485,000
      37,357 SF

      606 Fair Oaks Ave

      GROCERY, SUPERMARKET • 37,357 SF
      606 Fair Oaks Ave, South Pasadena, CA 91030-2602
      View Details
    • Value Estimation
      $7,430,000
      43,808 SF

      1745 Garfield Ave

      GROCERY, SUPERMARKET • 43,808 SF
      1745 Garfield Ave, South Pasadena, CA 91030-4923
      View Details
    • Value Estimation by Request
      1,070 SF

      803 Meridian Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,070 SF
      803 Meridian Ave, South Pasadena, CA 91030-2525
      View Details
    • Value Estimation
      $1,375,000
      3,900 SF

      805 Meridian Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,900 SF
      805 Meridian Ave, South Pasadena, CA 91030
      View Details
    • Value Estimation
      $2,100,000
      5,120 SF

      301 Monterey Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,120 SF
      301 Monterey Rd, South Pasadena, CA 91030-3524
      View Details
    • Value Estimation
      $1,995,000
      11,037 SF

      454 Fair Oaks Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,037 SF
      454 Fair Oaks Ave, South Pasadena, CA 91030-1817
      View Details

    Similar Nearby for Sale

    • $899,000
      0.21 Acres

      Residential Lot in Monterey Hills

      Large vacant lot in South Pasadena's desirable Monterey Hills.
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      Land For Sale

      Land available for sale.
      228 Warwick Ave, South Pasadena, CA 91030
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    • $2,149,900

      South Pasadena Multifamily Investment Opportunity

      Four-unit property in a desirable South Pasadena location.
      1600 Fair Oaks Ave, South Pasadena, CA 91030
      View Details
    • $4,750,000
      12,915 SF

      South Pasadena Office Complex

      Prime location, two buildings, vacant.
      1600 Huntington Dr, South Pasadena, CA 91030
      View Details
    • $9,780,000
      18,517 SF

      Rare Headquarters Office Buildings On Prime Highly Visible Corner

      Rare Headquarters Office Buildings On Prime Highly Visible Corner
      1600 W Huntington Drive &1810 Fair Oaks Avenue, South Pasadena, CA 91030
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,055 SF

      Retail/Office Space Available

      Retail or office space suitable for professional services.
      812-816 Fair Oaks Ave, South Pasadena, CA 91030
      View Details
    • $3 SF/Yr
      1,209 SF

      Retail Space with Street Frontage

      Retail space available with excellent visibility and private restroom.
      1419-1423 Mission St, 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 Property in South Pasadena

      Retail property located at 266 Monterey Rd, South Pasadena, CA.
      266 Monterey Rd, South Pasadena, CA 91030
      View Details
    • Contact for pricing
      721 SF

      South Pasadena Office Space Available

      Two office units for lease in South Pasadena, California.
      1149 El Centro St, South Pasadena, CA 91030
      View Details
    • Contact for pricing

      Office Units in South Pasadena

      Office spaces available near shops and restaurants in South Pasadena.
      1149 El Centro St, South Pasadena, CA 91030
      View Details
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    South Pasadena, CA 91030-3311
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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.

    More about this property
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