1736 Sierra Bonita Ave Pasadena, CA 91104-1523
For Lease
1 / 14
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LCR2VV · Pasadena, CAPasadena. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.