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Property profile & analytics
OFF-MARKET
Parking lots & garages
127 Madison Ave Pasadena, CA 91101-1712
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6388105
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1947
Total area
11,996 SF
Lot
0.28 ac (12,003 SF)
Zoning code
PSC-
APN
5723-015-027
UPID
US09-6388105
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
-
Aileen Arratoonian Physician Medical Clinic
-
ECI Financial Corporation Financial Advisor
-
Jhm Jewelry (Bike/Boat/Book/etc) Store
-
Rosemary Scott Physician
-
Lori Buckley, Psy.D., CST. Marriage Or Relationship Counselor Service Establishment
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
127 Madison LLC · 4 yrs held
127 Madison LLC
since 2022
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
$22,373
Tax year 2024
Assessed value
$1,813,367
Assessed 2024
Previous assessed
$1,813,367
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,793,589
Assessed improvement
$19,778
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1947
Heating
NONE
Total area
11,996 SF
Lot
0.28 ac (12,003 SF)
Zoning code
PSC-
APN
5723-015-027
UPID
US09-6388105
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
1947
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
127 Madison LLC
Entity
Mailing address
500 CORDOVA ST, PASADENA, CA 91101-2514
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
—
Madison LLC
—
Deed
related
$35,500,000 · Preferred Bank
Mar 23, 2023
—
127 Madison LLC
—
Deed
related
$4,350,000 · First General Bank
May 3, 2022
—
127 Madison LLC
Mbc Enterprises LLC
Grant Deed
—
Mar 20, 2020
—
Mbc Enterprises LLC
—
Deed
related
$12,700,000 · Cit Bank NA
Oct 31, 2019
—
Mbc Enterprises LLC
—
Deed
related
$3,500,000 · First General Bank
Jul 7, 2017
—
Mbc Ents LLC
—
Deed
related
$5,000,000 · California Inst/technology
Jan 21, 2015
—
Mbc Enterprises LLC
Mbc Enterprises
Grant Deed
$1,323,014 · East West Bank
Jun 13, 2008
—
Mbc Ents
Balian,missak
Grant Deed
—
Oct 29, 2007
—
Mbc Ent
Balian,missak
Grant Deed
related
—
Oct 24, 2007
—
Mbc Ents
Balian,missak
Grant Deed
related
—
Jan 31, 2006
—
Missak Balian
127-141 N Madison Avenue Invtr
Grant Deed
$3,070,000 · East West Bank
Oct 29, 1998
$1,650,000
127-141 N Madison Avenue Inves
Schultheis,paul F & Linda L
Grant Deed
$1,255,000 · Seller
Mar 15, 1988
$276,500
David Schultheis
Krmma
Trustees Deed
related
—
—
—
127-141 N Madison Avenue Inv
—
Deed Of Trust
related
$400,000 · Western Security Bank
—
—
Madison Avenue Investores
—
Deed Of Trust
related
$1,270,000 · Pacific Crest Bank
—
—
Mbc Ents LLC
—
Deed Of Trust
related
$5,000,000 · California Inst/technology
—
—
David Schultheis
—
Deed Of Trust
related
$1,350,000 · Tokai Bank California
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.
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