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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Assisted living facilities
1577 Fair Oaks Ave Pasadena, CA 91103-1823
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1295726
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1965
Construction
WOOD
Total area
13,708 SF
Lot
0.47 ac (20,636 SF)
Zoning code
PSC*
APN
5836-024-028
UPID
US09-1295726
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$2.66M
Owner & transaction history
1577 North Fair Oaks LLC · 4 yrs held
1577 North Fair Oaks LLC
since 2022
Last sale
$2.7M
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
Method
Estimation
Statistic approach
$2,155,000
ML approach
$2,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$3,785,000
Current use
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±10% · vs last sale $2.70M (Apr 1 2022)
Last sale anchor
$2.70M
Apr 1 2022
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
$194 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$32,156
Tax year 2023
Assessed value
$2,397,000
Assessed 2023
Previous assessed
$2,397,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,020,000
Assessed improvement
$1,377,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Stories
1
Bathrooms
11
Total area
13,708 SF
Lot
0.47 ac (20,636 SF)
Zoning code
PSC*
APN
5836-024-028
UPID
US09-1295726
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$3.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1965
Construction
WOOD
Heating
NONE
Stories
1
Bathrooms
11
Lot
0.47 ac
Current owner
From public records · entity-resolved
1577 North Fair Oaks LLC
Entity
Mailing address
3865 FAIRMEADE RD, PASADENA, CA 91107-2229
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
$2,700,000
1577 North Fair Oaks LLC
Arun Pasricha
Grant Deed
$2,820,000 · First General Bank
Dec 29, 2017
$950,000
Arun Pasricha
Kare Foods INC
Grant Deed
$810,000 · Kare Foods INC
May 24, 2017
$1,900,000
Kare Foods INC
Strategic Acquisitions INC
Grant Deed
—
Aug 29, 2011
$184,998
Strategic Acquisitions INC
Stewart Default Services
Trustees Deed
related
—
Aug 21, 2003
—
New Revelation Missionar Bapti
—
Deed Of Trust
related
$2,100,000 · Christian Community Cu
Jun 4, 1999
—
Community Outreach Ctr Pa
New Revelation Missionary,
Trustees Deed
related
—
Apr 30, 1996
$270,000
New Revelation Missionary Bapt
Government Funding California
Grant Deed
—
Jun 12, 1995
$207,707
Government Funding Ca Bus&ind
King,sandra M
Trustees Deed
related
—
Aug 19, 1994
—
Sencab INC
King,s M
Grant Deed
related
—
Jun 1, 1993
$1,350,000
Sandra M King
Clement,olivia B
Grant Deed
$880,000 · Government Funding Ca Bus&ind
—
—
William Turner
—
Deed Of Trust
related
$57,500 · John A & Geraldine R
—
—
New Revelation Missionary Bapt
—
Deed Of Trust
related
$142,000 · Larry L Zarian
—
—
New Revelation Missionary Bapt
—
Deed Of Trust
related
$250,000 · Tomatobank NA
—
—
New Revelation Missionary Bapt
—
Deed Of Trust
related
$510,000 · Tomatobank NA
—
—
Community Outreach Center
—
Deed Of Trust
related
$157,000 · Individual
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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