Property profile

1736 N Sierra Bonita Ave Pasadena, CA 91104

FOR LEASE
Other investment properties
Property ID
US09-6389946
1,920 SF 0.25 ac lot Built 1914
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A mixed-use property in Pasadena, California consisting of three buildings on a large lot: a 1,008-square-foot commercial building, a 2,138-square-foot commercial building, and a 912-square-foot single-family home with three bedrooms and two bathrooms. The commercial buildings and lot configuration are suited to contractor or construction-related uses, with potential for light storage and related activities, while the residence can be used as an office and supports a live/work arrangement; the home is remodeled and includes a private, fenced backyard. The property features approximately 14-foot clear height in the commercial spaces, with the commercial buildings positioned to provide street shielding. Provisions and potential improvements include the possibility of enlarging rear doors for loading and unloading, and installation of a privacy gate at the driveway to reduce visibility from the street. The existing layout supports separation between commercial and residential functions while keeping the site suitable for coordinated business and workspace use.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1914
Construction WOOD
Total area 1,920 SF
Lot 0.25 ac (10,729 SF)
Zoning code LCR2VV
APN 5851-003-003
UPID US09-6389946

Cap rate & NOI

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

Location

1736 N Sierra Bonita Ave Pasadena, CA 91104
Pasadena metro Census 461300 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$955k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$965k

Owner & transaction history

since 2022
Last sale
$1.1M
2 recorded transactions
2022
$1.1M
1968
Price N/A

Zoning & alternative use

LCR2VV · Pasadena, CA
Top alternative use upside
Neighborhood: shopping center $1.2M +55.3%
Office building $1.1M +43.3%
Auto repair, garage $960,000 +27.7%

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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More about this property
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