Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    191 Los Robles Ave Pasadena, CA 91101-1707
    Back to Search
    Property profile & analytics

    191 Los Robles Ave, Pasadena, CA 91101-1707

    View on Map
    • Hotels
    • 278,741 SF
    • 1.21 lot acres
    Off-Market
    Property ID
    US09-9154816
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $26,285,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Westin Pasadena / Hotel & Motel
    • Encore / Rental Equipment Company / Tech Support Center
    • ATM / Atm
    • Plaza Las Fuentes The Westin / Parking Lot & Garage
    • Ventanas Restaurant / Restaurant

    Property Details for 191 Los Robles Ave

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    1.21 lot acres
    Zone code
    PSC*
    Property type
    Hotels
    APN
    5723-017-041
    APU
    5723017041

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 5, 2022 — Cwi Pasadena Hotel LP — Deed · related $86.4M · Hayes Mortgage LLC
    Mar 23, 2015 $135,121,000 Cwi Pasasdena Hotel LP Hei Pasadena LLC Grant Deed —
    Nov 15, 2012 — City Of Pasadena City Of Pasadena Quit Claim Deed · related —
    Jan 31, 2012 $7,000,000 Hei Pasadena LLC City Of Pasadena Grant Deed —
    Jan 31, 2012 — Hei Pasadena LLC — Loan Modification · related $64M · Wells Fargo Bank
    Mar 10, 2011 — City Of Pasadena Pasadena Cmnty Dev Commission Quit Claim Deed · related —
    Sep 6, 2002 $275,000 Dececco,tr Acilio,margarita Grant Deed $230k · Margarita Acilio
    — — Cwi Pasadena Hotel LP — Deed Of Trust · related $88.5M · Miscellaneous Ins Co
    — — Hei Pasadena LLC — Loan Modification · related $63M · Wells Fargo Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $24,243,000
      Market price range: $9.05M - $27.8M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.142
    Latitude
    34.149
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,623,003
    $7,173,030
    $136,632,857
    $143,805,887
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $39,645,000
      199,278 SF

      168 Los Robles Ave

      HOTEL
      168 Los Robles Ave, Pasadena, CA 91101-2430
      View Details
    • Value Estimation
      $2,085,000
      19,108 SF

      127 El Molino Ave

      HOTEL
      127 El Molino Ave, Pasadena, CA 91101-2510
      View Details
    • Value Estimation
      $10,540,000
      8,027 SF

      118 Oak Knl Ave

      HOTEL
      118 Oak Knl Ave, Pasadena, CA 91101-2611
      View Details
    • Value Estimation by Request
      118,260 SF

      399 Grn St

      HOTEL
      399 Grn St, Pasadena, CA 91101-2313
      View Details
    • Value Estimation
      $8,425,000
      158,307 SF

      303 Cordova St

      HOTEL
      303 Cordova St, Pasadena, CA 91101-2426
      View Details
    • Value Estimation by Request
      116,458 SF

      70 Ave

      Office Spaces
      70 Ave, Pasadena, CA 91101
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      116,458 SF

      Pasadena Office Sublease Opportunity

      1980 SF Office, Parking, Great Location
      70 Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing
      18,894 SF

      Multi-Tenant Office Building Portfolio

      Four-building office portfolio in Pasadena totaling 18,894 square feet.
      28-44 E Union St, Pasadena, CA 91101
      View Details
    • Contact for pricing

      Prime Retail Space in Pasadena

      Retail space in AC Hotel, Playhouse Village, Rose Parade Route.
      550 E Colorado Blvd, Pasadena, CA 91101
      View Details
    • $20,000,000
      25,040 SF

      Historic Pasadena Office Building

      Prime location, Craftsman-style, 25,040 SF
      95 Marengo Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing

      Pasadena Multifamily Building Near South Lake

      Fourteen-unit multifamily building near South Lake Avenue in Pasadena.
      295 S Hudson Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing
      Pending

      Pasadena Creative Garden Office Building

      Two-story, 5,012 SF creative office in Pasadena's Playhouse District.
      234 N El Molino Ave, Pasadena, CA 91101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,086 SF

      Pasadena Office Space Available

      Office space available for rent in Pasadena, California.
      680 East Colorado Blvd, Pasadena, CA 91101
      View Details
    • Contact for pricing
      15,000 SF

      Pasadena Office Space Available

      15,000 sqft office space for rent in Pasadena.
      101 S Marengo Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing
      3,412 SF

      Pasadena Office Space Available

      Office space available for lease in Pasadena, California.
      301 N Lake Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing
      860 SF

      Pasadena Office Space For Rent

      Second floor office space available for lease in Pasadena.
      92 N Madison Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing
      894 SF

      Pasadena Office Space Available

      Office space for rent in Pasadena, approximately 894 square feet.
      325 Cordova St, Pasadena, CA 91101
      View Details
    • $4 SF/Yr
      73,003 SF

      Pasadena Towers Office Space

      Prestigious corner location at South Lake and East Colorado.
      800 East Colorado Blvd, Pasadena, CA 91101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    191 Los Robles Ave
    Pasadena, CA 91101-1707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    191 Los Robles Ave, Pasadena, CA, 91101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!