23 Mentor Ave Pasadena, CA 91106-1709
Property profile & analytics
23 Mentor Ave Pasadena, CA 91106-1709
- Investment properties
- 5,760 SF
- 0.12 lot acres
Property ID
US10-0318610
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.
Location Intelligence
Current Use by Public Records
- Connie Tao Designs / Clothing & Fashion Store
Property Details for 23 Mentor Ave
- Year built
- 1925
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.12 lot acres
- Property size
- 5,760 SF
- Zone code
- PSC-
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 5738-008-056
- APU
- 5738008056
Description
This exceptional mixed-use property, located at 23-27 N Mentor Avenue in Pasadena, California's Playhouse Village, presents a unique owner-user opportunity. The 5,760 square foot building, constructed in 1925, boasts a charming two-story design and sits on a 5,373 square foot lot. Currently configured as three suites, the ground floor features retail spaces occupied by a bridal shop (month-to-month lease) and a photography studio (lease expiring 11/30/2024). The second floor offers a vacant suite with an open floor plan, private offices, and a conference room, ideal for various uses. The property includes fourteen tandem parking spaces in the rear and is individually metered for electricity. Its prime location in Playhouse Village offers easy access to I-210 and the Metro A Line Lake Avenue station (seven-minute walk). Nearby amenities include the Pasadena Playhouse, numerous shops, restaurants, and the Ice House comedy club. This Class C building, zoned CD5, represents a rare chance to own a piece of Pasadena's rich history while capitalizing on the vibrant energy of Playhouse Village. The asking price is $3,300,000, with a price per square foot of $572.92. The property's multi-tenant configuration allows for income generation from existing retail spaces, while the vacant upper floor provides flexibility for an owner-occupier. This is an ideal investment for those seeking a blend of historical charm and modern convenience in a thriving Pasadena location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,675,000
- ML approach
- $2,865,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,855,000
- 6.5%
- $1,710,000
- 7%
- $1,590,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,255,000 Current use
- RESTAURANT
- $4,030,000 Change: +79% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $3,505,000 Change: +55% Conversion: Difficult
- OFFICE BUILDING
- $3,235,000 Change: +43% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,885,000 Change: +28% Conversion: Difficult
- RETAIL STORES
- $2,865,000 Change: +27% Conversion: Easy
- MEDICAL BUILDING
- $2,620,000 Change: +16% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $2,435,000 Change: +8% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.131
- Latitude
- 34.1465
- 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
$12,645
$357,665
$512,553
$870,218
-
$0.00
$0.00
$0.00
