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    Property profile & analytics

    2331 Foothill Blvd Pasadena, CA 91107-3660

    • Retail space
    • 6,220 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Aug 10, 2020
    $3,100,000
    Value Estimations
    $3,350,000
    Show details
    Cap Rate Potential
    4.6%
    Retail space
    Location Intelligence
    Property ID
    US09-9037446
    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.

    Current Use by Public Records

    • Swift Disaster Recovery / Emergency Care Service
    • Alen Tadevosyan, RAS / Doctor
    • Abasta Edward R / Counselor
    • Balian Krikor / Counselor

    Property Details for 2331 Foothill Blvd

    Year built
    1929
    Construction
    TILT-UP CONCRETE
    Lot size
    0.20 lot acres
    Property size
    6,220 SF
    Zone code
    PSC-
    Property type
    Retail space
    APN
    5746-023-021
    APU
    5746023021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,390,000
      ML approach
      $3,350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,620,000
      6.5%
      $2,420,000
      7%
      $2,245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.102
    Latitude
    34.1498
    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
    $18,072
    $682,695
    $682,695
    $1,365,390
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $530,000
      11,099 SF

      183 Altadena Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,099 SF
      183 Altadena Dr, Pasadena, CA 91107-3333
      View Details
    • Value Estimation
      $550,000
      6,750 SF

      3007 Colorado Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,750 SF
      3007 Colorado Blvd, Pasadena, CA 91107-3860
      View Details
    • Value Estimation
      $620,000
      25,240 SF

      3635 Colorado Blvd

      RETAIL STORES (PERSONAL SERVICES) • 25,240 SF
      3635 Colorado Blvd, Pasadena, CA 91107-3818
      View Details
    • Value Estimation
      $525,000
      17,717 SF

      3660 Foothill Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,717 SF
      3660 Foothill Blvd, Pasadena, CA 91107-3120
      View Details
    • Value Estimation
      $280,000
      1,893 SF

      355 Rosemead Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,893 SF
      355 Rosemead Blvd, Pasadena, CA 91107-4955
      View Details
    • Value Estimation
      $600,000
      17,922 SF

      83 Rosemead Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,922 SF
      83 Rosemead Blvd, Pasadena, CA 91107-3953
      View Details

    Similar Nearby for Sale

    • $7,950,000
      9,390 SF

      Retail Building with Development Potential

      Freestanding retail building approved for multiple uses and development.
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    • $2,300,000
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      Retail Building Zoned Mixed Use

      Retail building with mixed-use zoning on Colorado Boulevard.
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    • $5,200,000
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      Pasadena Retail Investment

      High-yield multi-tenant retail building
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    • Contact for pricing
      8,120 SF

      Retail Space on Colorado Boulevard

      Retail space on high-traffic Colorado Blvd in Pasadena.
      2960 E Colorado Blvd, Pasadena, CA 91107
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    • $160,000

      Established Pet Grooming Business

      Turnkey pet grooming business opportunity in Pasadena, CA.
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      East Pasadena Mixed-Use Property

      Mixed-use property in prime East Pasadena location with residential units.
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    Similar Nearby for Lease

    • $7,000 /Mo

      Pasadena Retail/Office Space Available

      Retail and office spaces for rent in Pasadena, CA.
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      View Details
    • $468 /Mo
      40,900 SF

      Hastings Village Retail Spaces

      Pasadena retail space, 900-40,000 sq ft.
      3341 Foothill Blvd, Pasadena, CA 91107
      View Details
    • $4 SF/Yr
      1,691 SF

      Retail Space Available For Sublease

      Retail space available for sublease through 7/06/2028.
      3701-3703 Huntington Dr, Pasadena, CA 91107
      View Details
    • $2 SF/Yr
      1,675 SF

      Retail Space on Colorado Boulevard

      Retail space available for rent on East Colorado Boulevard.
      2490-2498 E Colorado Blvd, Pasadena, CA 91107
      View Details
    • $31 SF/Yr
      18,000 SF

      Huntington Drive Office Space for Lease

      Prime Pasadena Office, 2,485 SF Available
      3675 Huntington Dr, Pasadena, CA 91107
      View Details
    • Contact for pricing

      Retail Property in Pasadena

      Fully leased retail property in Pasadena, California.
      221 S Rosemead Blvd, Pasadena, CA 91107
      View Details
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    Pasadena, CA 91107-3660
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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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