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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Investment properties
197 Rosemead Blvd Pasadena, CA 91107-3955
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9085333
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1929
Construction
WOOD
Total area
2,440 SF
Lot
0.21 ac (9,002 SF)
Zoning code
LCC2*
APN
5755-008-002
UPID
US09-9085333
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.25M
Owner & transaction history
John Bicos · 1 yrs held
John Bicos
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
LCC2* · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+55.3%
Office building
$1.4M
+43.3%
Auto repair, garage
$1.2M
+27.7%
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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$955,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,485,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$1,370,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,220,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$1,110,000
Change: +16% · Conversion: Easy
RETAIL STORES
$970,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Nov 6 2024)
Last sale anchor
$1.25M
Nov 6 2024
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
$512 / 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
$15,686
Tax year 2024
Assessed value
$1,326,510
Assessed 2024
Previous assessed
$1,326,510
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$928,557
Assessed improvement
$397,953
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1929
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
2,440 SF
Lot
0.21 ac (9,002 SF)
Zoning code
LCC2*
APN
5755-008-002
UPID
US09-9085333
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC2* · Pasadena, CA
Zoning LCC2* · permitted uses
LCC2* · 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
COMMERCIAL (GENERAL) Current
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$970,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1929
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
John Bicos
Individual
Free & Clear · 1 yrs held
Mailing address
1250 E WALNUT ST STE #236, PASADENA, CA 91106-5106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2024
—
John Bicos
John Bicos
Deed
related
—
Dec 4, 2020
$1,250,000
Andrew S Bicos
Wjkong LLC
Grant Deed
$812,500 · Eh National Bank
Jun 16, 2016
—
Wjkong LLC
Kong,william M & Joy S
Quit Claim Deed
related
—
Feb 11, 2014
$670,000
William M Kong
Funaro,charles W II
Grant Deed
$550,000 · Becky L Ung
Feb 11, 2014
—
Charles W Funaro II
Funaro,marjorie C
Quit Claim Deed
related
—
Nov 22, 2013
—
Charles W Funaro II
Lu James C M Trust
Quit Claim Deed
related
—
Jul 6, 2012
$300,000
Charles W Funaro II
Lu James C M Trust
Quit Claim Deed
related
—
Aug 1, 2011
—
James C M Lu
—
Trustees Deed
related
$60,000 · Joel Isaacson
Dec 2, 2009
—
James C M Lu
Lu,michelle X
Affidavit Of Death
related
—
Oct 1, 2008
—
James C M Lu
Lu,james C M
Quit Claim Deed
related
—
Sep 24, 2008
—
James C M Lu
Lu James C M Trust
Quit Claim Deed
related
—
Apr 17, 2002
—
Lu,james C Tr
Lu,j C
Quit Claim Deed
related
—
Nov 14, 2001
—
Hui F Wang
Lu,j C
Grant Deed
related
—
Sep 5, 1972
—
—
—
Grant Deed
related
—
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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