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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Medical Office Space
1877 Washington Blvd Pasadena, CA 91104-1648
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-0229983
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1939
Construction
WOOD
Total area
900 SF
Lot
0.09 ac (3,825 SF)
Zoning code
PSC-
APN
5852-004-060
UPID
US10-0229983
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
Current use
Occupant on record · Public records
-
Karamanukyan Gevork DDS Dental Office
-
Allen & Washington Dental | Dentist Pasadena Dental Office
-
Karen Khachatryan DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$585k
Owner & transaction history
Karen Khachatryan · 4 yrs held
Karen Khachatryan
since 2021
Last sale
$578,505
6 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$550,000
+33.9%
Office building
$505,000
+23.5%
Auto repair, garage
$450,000
+10.1%
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
$575,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$410,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$505,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$450,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$450,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$355,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $579k (Dec 23 2021)
Last sale anchor
$579k
Dec 23 2021
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
$650 / 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
$7,632
Tax year 2024
Assessed value
$601,350
Assessed 2024
Previous assessed
$601,350
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$480,664
Assessed improvement
$120,686
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1939
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
900 SF
Lot
0.09 ac (3,825 SF)
Zoning code
PSC-
APN
5852-004-060
UPID
US10-0229983
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC- · Pasadena, CA
Zoning PSC- · permitted uses
PSC- · 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
MEDICAL BUILDING Current
Est. value
$410,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
OFFICE BUILDING
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$450,000
RETAIL STORES
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$355,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1939
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Karen Khachatryan
Individual
Mailing address
1877 E WASHINGTON BLVD, PASADENA, CA 91104-1648
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2025
—
Karen Kevin Khachatryan
—
Deed
related
$427,800 · United States Small Business Admin
Dec 23, 2021
$578,500
Karen Khachatryan
Georgia Salazar Rutherford
Grant Deed
$378,300 · Georgia Salazar Rutherford Living T
Dec 23, 2021
—
Karen Khachatryan
Luiza Petrosyan
Intrafamily Transfer
related
—
Mar 19, 2002
—
Rutherford,georgia S Tr
Rutherford,g S
Quit Claim Deed
related
—
—
—
Donald D Rutherford
—
Deed Of Trust
related
$50,000 · Donald R
—
—
Donald D Rutherford
—
Deed Of Trust
related
$62,000 · Individual
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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