Technical
Financial
Distress signals
Property profile

1611 Spruce St South Pasadena, CA 91030

OFF-MARKET
Apartment buildings
Property ID
US09-6352492
6,157 SF 0.29 ac lot Built 1925
Entity Owned 4-yr Hold
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1925
Construction WOOD
Total area 6,157 SF
Lot 0.29 ac (12,516 SF)
Zoning code SPR1E*
APN 5320-009-022
UPID US09-6352492

Cap rate & NOI

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

Location

1611 Spruce St South Pasadena, CA 91030-4777
South Pasadena metro Census 480500 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.06M
CAP Approach CAP
$1.53M
Comparable Approach Comparable
$2.58M
Blend (final) Blend
$2.03M

Owner & transaction history

since 2021
Last sale
$2.2M
4 recorded transactions
2021
Price N/A
2019
$2.2M
2019
Price N/A
1959
Price N/A

Zoning & alternative use

SPR1E* · South Pasadena, CA
Top alternative use upside
Auto repair, garage $2.9M +50.9%
Medical building $2.8M +48.3%
Office building $2.8M +46.3%

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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