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    2084 Hanscom Dr South Pasadena, CA 91030
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    Property profile & analytics

    2084 Hanscom Dr, South Pasadena, CA 91030

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    • Residential land & home lots
    Off-Market
    Property ID
    US09-8995817
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 2084 Hanscom Dr

    Property type
    Residential land & home lots

    Description

    One of the last residential vacant lots available for sale in a great South Pasadena surrounded by multi million dollar beautiful homes. Same owner also has another lot much bigger for sale on the same street. The land is located next to the house at 2084 Hanscom Dr, South Pasadena, CA 91030 Also check out the land located between the houses 2002 HANSCOM DR and 2014 HANSCOM DR, SOUTH PASADENA, CA 91030 Excellent opportunity to build a house in a multi million dollar neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    South Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1750759
    Latitude
    34.100024

    Comparable in this City

    • $500,000
      7,505.39 Acres

      South Pasadena Hillside Land Project

      Hillside land project with views in South Pasadena.
      4646 Harriman Ave, South Pasadena, CA 91030
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    • $999,000
      0.35 Acres

      South Pasadena Hillside Lot

      15,092 sq. ft. lot approved for single-family home.
      801 Rollin St, South Pasadena, CA 91030
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    • $500,000
      7,505.39 Acres

      South Pasadena Hillside Land Project

      Hillside land project with views, suitable for building multiple homes.
      4648 Harriman Ave, South Pasadena, CA 91030
      View Details
    • $1,100,000
      0.16 Acres

      Land Ready for Development

      Pristine land in South Pasadena with comprehensive plans available.
      1337 Oak Hill Pl, South Pasadena, CA 91030
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    • $500,000
      7,505.39 Acres

      South Pasadena Hillside Vacant Land

      Vacant land project with views in South Pasadena, California.
      4640 Harriman Ave, South Pasadena, CA 91030
      View Details
    • $8,500,000
      54,885.60 Acres

      South Pasadena Development Opportunity

      1.26 acre lot with approved plans for 53-unit condominium.
      181 Monterey Rd, South Pasadena, CA 91030
      View Details

    Similar Nearby for Sale

    • $500,000
      7,505.39 Acres

      South Pasadena Hillside Land Project

      Hillside land project with views in South Pasadena.
      4646 Harriman Ave, South Pasadena, CA 91030
      View Details
    • $999,000
      0.35 Acres

      South Pasadena Hillside Lot

      15,092 sq. ft. lot approved for single-family home.
      801 Rollin St, South Pasadena, CA 91030
      View Details
    • $500,000
      7,505.39 Acres

      South Pasadena Hillside Land Project

      Hillside land project with views, suitable for building multiple homes.
      4648 Harriman Ave, South Pasadena, CA 91030
      View Details
    • $1,100,000
      0.16 Acres

      Land Ready for Development

      Pristine land in South Pasadena with comprehensive plans available.
      1337 Oak Hill Pl, South Pasadena, CA 91030
      View Details
    • $500,000
      7,505.39 Acres

      South Pasadena Hillside Vacant Land

      Vacant land project with views in South Pasadena, California.
      4640 Harriman Ave, South Pasadena, CA 91030
      View Details
    • $8,500,000
      54,885.60 Acres

      South Pasadena Development Opportunity

      1.26 acre lot with approved plans for 53-unit condominium.
      181 Monterey Rd, South Pasadena, CA 91030
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      South Pasadena Office Suite For Rent

      Upstairs office suite in South Pasadena's business district.
      814 Fair Oaks Ave, South Pasadena, CA 91030
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    • Contact for pricing
      9,800 SF

      Retail Space in South Pasadena

      High-traffic retail space with excellent visibility and accessibility.
      1129 Fair Oaks Ave, South Pasadena, CA 91030
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    • Contact for pricing
      1,300 SF

      Retail/Office Space For Lease

      Retail or office space available for lease.
      711 Fair Oaks Ave, South Pasadena, CA 91030
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    • Contact for pricing

      Retail Space with Street Frontage

      Retail space available with excellent visibility and private restroom.
      1419-1423 Mission St, South Pasadena, CA 91030
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    • Contact for pricing
      1,075 SF

      Retail/Office Space Available

      Retail or office space suitable for professional services.
      812-816 Fair Oaks Ave, Pasadena, CA 91030
      View Details
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    South Pasadena, CA 91030
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    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
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