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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Parking lots & garages
245 Lk Ave Pasadena, CA 91101
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6240891
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1970
Construction
CONCRETE
Total area
53,072 SF
Lot
0.31 ac (13,292 SF)
Zoning code
PSC-
APN
5734-034-025
UPID
US09-6240891
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
-
SalonCentric (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Heitman Credit Acquisition X LLC · 2 yrs held
Heitman Credit Acquisition X LLC
since 2023
6 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$19 / 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
$43,789
Tax year 2024
Assessed value
$3,736,984
Assessed 2024
Previous assessed
$3,736,984
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,840,604
Assessed improvement
$1,896,380
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
NONE
Total area
53,072 SF
Lot
0.31 ac (13,292 SF)
Zoning code
PSC-
APN
5734-034-025
UPID
US09-6240891
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC- · Pasadena, CAZoning PSC- · permitted uses
PSC- · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Lot
0.31 ac
Current owner
From public records · entity-resolved
Heitman Credit Acquisition X LLC
Entity
Free & Clear · 2 yrs held
Mailing address
191 N WACKER DR, CHICAGO, IL 60606-1615
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
—
Heitman Credit Acquisition X LLC
—
Deed
related
$40,000,000 · Jpmorgan Chase Bank NA
Dec 26, 2023
$114,000,000
Heitman Credit Acquisition X LLC
Cvfi S Lake Avenue LP
Trustees Deed
related
—
Mar 11, 2021
$2,500,000
Blake D Longo
Elaine Bissias
Grant Deed
$2,259,000 · Mufg Union Bank NA
May 8, 2019
—
Bissias Family Trust
Bissias N & F Trust
Quitclaim Deed
related
—
Apr 19, 2004
—
251 South Lake Avenue Investor
Aetna Life Insurance Co
Grant Deed
related
—
Jan 22, 1998
—
Aetna Life Insurance Co
Lake Avenue Offices
Grant Deed
related
—
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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