Property profile

248 Lk Ave Pasadena, CA 91101

OFF-MARKET
Investment properties
Property ID
US09-6919433
6,442 SF 0.29 ac lot Built 1948
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

248 Lk Ave Pasadena, CA 91101
Pasadena metro Census 462302 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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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

since 2024
Last sale
$2.5M
7 recorded transactions
2026
Price N/A
2024
Price N/A
2024
$2.5M
2024
Price N/A
2010
$1.4M
2003
Price N/A
1969
Price N/A

Zoning & alternative use

PSC- · Pasadena, CA
Top alternative use upside
Office building $4.0M +56.9%
Neighborhood: shopping center $3.9M +55.3%
Auto repair, garage $3.2M +27.7%

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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