1736 N Sierra Bonita Ave Pasadena, CA 91104
- Investment properties
- 1,920 SF
- 0.25 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1736 N Sierra Bonita Ave
- Year built
- 1914
- Construction
- WOOD
- Lot size
- 0.25 lot acres
- Property size
- 1,920 SF
- Zone code
- LCR2VV
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 5851-003-003
- APU
- 5851003003
Description
This exceptional Pasadena investment property presents a rare opportunity to acquire a mixed-use portfolio encompassing three buildings on two lots totaling 13,973 square feet. The property is situated on a 0.32-acre lot at 1736 Sierra Bonita Avenue and offers significant development potential. The front portion of the property, zoned C2, features two commercial buildings totaling 3,146 square feet (1,008 SF and 2,138 SF), suitable for a variety of uses including medical, dental, or professional offices, retail spaces (restaurants, bakeries, clothing stores, etc.), or a combination thereof. The rear of the property, zoned R2, includes a fully remodeled 912-square-foot, three-bedroom, two-bathroom craftsman single-family home. Preliminary research indicates the potential to construct up to five additional residential units, including junior ADUs and detached ADUs, on this portion of the property. All buildings can be delivered vacant at closing, providing immediate flexibility for the new owner. This unique property offers the chance to establish a thriving business while simultaneously generating substantial rental income from residential units, maximizing investment returns. The property's location within a residential neighborhood ensures a built-in customer base for commercial ventures. The combination of commercial and residential zoning provides unparalleled versatility and potential for future development and profit. This is a truly exceptional opportunity for a savvy investor seeking a high-return, mixed-use investment in a desirable Pasadena location. The asking price is $1,800,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $965,000
- ML approach
- $955,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,188,000
Market price range: $316k - $1.19M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $750,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,170,000 Change: +55% Conversion: Difficult
- OFFICE BUILDING
- $1,080,000 Change: +43% Conversion: Easy
- AUTO REPAIR, GARAGE
- $960,000 Change: +28% Conversion: Difficult
- RETAIL STORES
- $955,000 Change: +27% Conversion: Easy
- MEDICAL BUILDING
- $875,000 Change: +16% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.118
- Latitude
- 34.176
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
