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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Manufacturing properties
1974 Lincoln Ave Pasadena, CA 91103-1320
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0249661
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1924
Construction
TILT-UP CONCRETE
Total area
5,000 SF
Lot
0.26 ac (11,209 SF)
Zoning code
PSC-
APN
5825-008-027
UPID
US10-0249661
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
-
arroyo realty and development Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
Vt 1992 LLC · 3 yrs held
Vt 1992 LLC
since 2023
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.0M
+44.1%
Office building
$2.8M
+33.0%
Auto repair, garage
$2.5M
+18.5%
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
$1,890,000
ML approach
$1,935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,110,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,045,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$2,810,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,505,000
Change: +19% · Conversion: Easy
RETAIL STORES
$2,485,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$2,275,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,960,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $2.07M (Mar 21 2023)
Last sale anchor
$2.07M
Mar 21 2023
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
$398 / 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
$24,791
Tax year 2024
Assessed value
$2,109,360
Assessed 2024
Previous assessed
$2,109,360
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,679,940
Assessed improvement
$429,420
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
0.26 ac (11,209 SF)
Zoning code
PSC-
APN
5825-008-027
UPID
US10-0249661
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Vt 1992 LLC
Entity
Mailing address
3045 VERDUGO RD, LOS ANGELES, CA 90065-2014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2023
$2,068,000
Vt 1992 LLC
Lincoln Row LLC
Grant Deed
—
Feb 25, 2022
—
Lincoln Row LLC
—
Deed
related
$1,600,000 · Jpmorgan Chase Bank NA
Sep 3, 2021
$2,813,500
Lincoln Row LLC
Michael Bollenbacher
Grant Deed
—
Dec 28, 2017
—
Moore,christine Trust
Moore,christine
Quit Claim Deed
related
—
Sep 3, 2013
$1,030,000
Christine Moore
Philstream Exchange Co LLC
Grant Deed
—
Sep 3, 2013
—
Steven E Foster
Foster,laurie
Quit Claim Deed
related
—
Jul 18, 2013
—
Philstream Exchange Co LLC
Kalajian Family Trust
Quit Claim Deed
—
Dec 12, 2012
$675,000
Kalajian Family Trust
Holt James D Family Trust
Grant Deed
—
Dec 23, 2002
—
Holt,tr
Holt,beverly
Quit Claim Deed
related
—
Dec 9, 2002
—
Beverly Holt
Germain,tr
Grant Deed
related
—
Mar 13, 1989
—
Germain Fmly Tr
Germain Stanley
Quit Claim Deed
related
—
Jul 6, 1970
—
—
—
Grant Deed
related
—
—
—
Kalajian Family Trust
—
Deed Of Trust
related
$375,000 · Holt James D Family Trust
—
—
Holt James D Family Trust
—
Deed Of Trust
related
$100,000 · La Canada Real Estate INC
—
—
Christine Moore
—
Deed Of Trust
related
$653,000 · Business Fin Cap
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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