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234 El Molino Ave Pasadena, CA 91101-1687

OFF-MARKET Office buildings Google Maps
5,012 SF 0.24 ac lot Built 1982
Individually Owned Absentee Owner ~ Est. High Equity
Estimated value
No estimation on file for this property yet.
Property ID US09-6228014

Property summary

AI-generated overview

This exceptional two-story office building presents a unique investment opportunity in Pasadena's coveted Playhouse District. Boasting 5,012 square feet of versatile space, this property is ideal for businesses seeking a creative and inspiring work environment. The building's design fosters productivity and collaboration, making it perfect for a variety of uses. Situated on a substantial 10,446 square foot lot, ample parking is readily available, a significant advantage in this vibrant area. Its prime location offers exceptional visibility and accessibility, with easy access to major thoroughfares and public transportation. The Playhouse District's dynamic atmosphere and cultural richness provide a stimulating backdrop for any business. This property offers a rare combination of size, location, and amenities, making it an outstanding investment opportunity for discerning buyers. The expansive lot allows for potential future expansion or outdoor amenities. Don't miss the chance to secure this exceptional property in a highly sought-after location. The property is priced at $2,598,880.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Construction WOOD
Total area 5,012 SF
Lot 0.24 ac (10,416 SF)
Zoning code PSC-
APN 5723-009-014
UPID US09-6228014

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Crisis Center Medical Clinic
  • Alternative Medicine Practice
  • Physician
  • City Government Office
  • Psychotherapist

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history

since 2026
Last sale
$2.5M
7 recorded transactions
2026
Price N/A
2026
Price N/A
2026
$2.5M
2026
Price N/A
2019
Price N/A
2011
Price N/A
1969
Price N/A

Zoning & alternative use

PSC- · Pasadena, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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