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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Investment properties
248 Lk Ave Pasadena, CA 91101
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6919433
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1948
Construction
TILT-UP CONCRETE
Total area
6,442 SF
Lot
0.29 ac (12,471 SF)
Zoning code
PSC-
APN
5738-001-053
UPID
US09-6919433
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$2.50M
Owner & transaction history
250 N Lake Properties Gd LLC · 1 yrs held
250 N Lake Properties Gd LLC
since 2024
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+56.9%
Neighborhood: shopping center
$3.9M
+55.3%
Auto repair, garage
$3.2M
+27.7%
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
Method
Estimation
Statistic approach
$2,500,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
$2,075,000
6.5%
$1,915,000
7%
$1,780,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,525,000
Current use
OFFICE BUILDING
$3,960,000
Change: +57% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,920,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,225,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$3,205,000
Change: +27% · Conversion: Easy
MEDICAL BUILDING
$2,930,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,720,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.50M (Jul 19 2024)
Last sale anchor
$2.50M
Jul 19 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$388 / 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
$26,185
Tax year 2024
Assessed value
$1,803,344
Assessed 2024
Previous assessed
$1,803,344
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,259,181
Assessed improvement
$544,163
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
6,442 SF
Lot
0.29 ac (12,471 SF)
Zoning code
PSC-
APN
5738-001-053
UPID
US09-6919433
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC- · Pasadena, CA
Zoning PSC- · permitted uses
PSC- · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
OFFICE BUILDING
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
250 N Lake Properties Gd LLC
Entity
Mailing address
2837 W IMPERIAL HWY, INGLEWOOD, CA 90303-1857
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
—
250 N Lake Properties Gd LLC
—
Deed
related
$2,100,000 · The Golden 1 Cu
Jul 26, 2024
—
250 N Lake Properties Gd LLC
248 N Lake Partners LLC
Re-recorded Document
related
—
Jul 19, 2024
$2,500,000
250 N Lake Properties Gd LLC
248 N Lake Partners LLC
Grant Deed
—
Jul 11, 2024
—
248 N Lake Partners LLC
—
Deed
related
$861,499 · Tashjian Family Trust
Jun 18, 2010
$1,425,000
248 N Lake Partners LLC
Salisian S M & P M Trust
Grant Deed
—
Jul 23, 2003
—
Salisian,tr
Salisian,tr
Quit Claim Deed
related
—
—
—
248 N Lake Partners LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of Manhattan
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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