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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Apartment buildings
171 Sierra Madre Blvd Pasadena, CA 91107-4135
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6471722
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Total area
6,064 SF
Lot
0.37 ac (15,987 SF)
Zoning code
PSR3
APN
5747-004-039
UPID
US09-6471722
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.47M
Owner & transaction history
Joyly Holdings LLC
Joyly Holdings LLC
since 2026
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
PSR3 · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.7M
+50.9%
Office building
$3.4M
+39.2%
Auto repair, garage
$3.0M
+24.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,445,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,690,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$3,405,000
Change: +39% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,035,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$2,755,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$2,415,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,375,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±10% · vs last sale $2.33M (Jan 14 2026)
Last sale anchor
$2.33M
Jan 14 2026
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
$407 / 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
$20,918
Tax year 2024
Assessed value
$1,750,552
Assessed 2024
Previous assessed
$1,750,552
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,026,187
Assessed improvement
$724,365
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1957
Heating
CENTRAL
Buildings
3
Units
5
Bathrooms
6
Total area
6,064 SF
Lot
0.37 ac (15,987 SF)
Zoning code
PSR3
APN
5747-004-039
UPID
US09-6471722
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSR3 · Pasadena, CA
Zoning PSR3 · permitted uses
PSR3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1957
Heating
CENTRAL
Buildings
3
Units
5
Bathrooms
6
Lot
0.37 ac
Current owner
From public records · entity-resolved
Joyly Holdings LLC
Entity
Mailing address
116 E LIVE OAK AVE #389, ARCADIA, CA 91006-5239
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
$2,330,000
Joyly Holdings LLC
Everland Ca Investments LLC
Grant Deed
$1,000,000 · East West Bank
May 31, 2018
—
Everland Ca Investments LLC
—
Deed
related
$250,000 · Jpmorgan Chase Bank NA
Jun 21, 2013
$1,700,000
Everland Ca Investmentt LLC
Power Long LLC
Grant Deed
—
May 21, 2004
—
Feng J Chiu
Pan,chao J
Quit Claim Deed
related
—
May 21, 2004
$1,568,000
Power Long LLC
Chiu,ching C
Grant Deed
$780,000 · First United Bank
Aug 10, 1998
$700,000
Ching C Chiu
Chiu,chiu
Grant Deed
related
—
Dec 23, 1996
$700,000
Chiu Y Chiu
Chiu,ching C
Grant Deed
related
—
Jan 24, 1990
$700,000
Chiu Feng J
Carm
Grant Deed
$350,000 · Sumitomo Bank
—
—
Everland Ca Investments LLC
—
Deed Of Trust
related
$750,000 · J P Morgan Chase Bank
—
—
Power Long LLC
—
Deed Of Trust
related
$780,000 · Tomatobank NA
—
—
Power Long LLC
—
Deed Of Trust
related
$715,876 · Tomatobank NA
—
—
Morri Carmichael
—
Deed Of Trust
related
$100,000 · Barkemeyer W G&
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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