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Property profile & analytics
OFF-MARKET
Estimated value
$2,990,000
Manufacturing properties
260 Allen Ave Pasadena, CA 91106-1617
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8423055
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1948
Construction
TILT-UP CONCRETE
Total area
6,590 SF
Lot
0.24 ac (10,542 SF)
Zoning code
PSM*
APN
5746-005-029
UPID
US09-8423055
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
-
Blue Diamond Water Heater Repair HVAC Service General Contractor
-
Jameson Brown Coffee Roasters Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$2.99M
Owner & transaction history
Bbrk Incorporated · 4 yrs held
Bbrk Incorporated
since 2022
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
PSM* · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+65.7%
Neighborhood: shopping center
$4.0M
+44.1%
Office building
$3.7M
+33.0%
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
$2,790,000
ML approach
$2,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,785,000
Current use
RESTAURANT
$4,610,000
Change: +66% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,010,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$3,700,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,300,000
Change: +19% · Conversion: Easy
RETAIL STORES
$3,280,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$2,995,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,585,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.99M
Range $2.69M – $3.29M · ±10% · vs last sale $3.20M (Apr 13 2022)
Last sale anchor
$3.20M
Apr 13 2022
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
$454 / 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
$27,282
Tax year 2024
Assessed value
$2,342,586
Assessed 2024
Previous assessed
$2,342,586
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,338,621
Assessed improvement
$1,003,965
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,590 SF
Lot
0.24 ac (10,542 SF)
Zoning code
PSM*
APN
5746-005-029
UPID
US09-8423055
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSM* · Pasadena, CA
Zoning PSM* · permitted uses
PSM* · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.8M
RESTAURANT
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (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
Lot
0.24 ac
Current owner
From public records · entity-resolved
Bbrk Incorporated
Individual
Mailing address
538 W ALEGRIA AVE, SIERRA MADRE, CA 91024-1054
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
—
Bbrk Incorporated
Bbrk Incorporated
Intrafamily Transfer
related
$3,230,500 · Home Bank Of California
Mar 6, 2018
$3,200,000
Bbrk INC
Locall LLC
Grant Deed
$2,963,600 · Seacoast Commerce Bank
Jan 24, 2017
$1,915,000
Locall LLC
First American Title Ins|stueve Bros Farms Of Dela
Trustees Deed
related
$1,915,000 · Jorah INC
Mar 3, 2015
—
Stueve Bros Farms Of Delano LLC
Stueve L W & C J Trust
Quit Claim Deed
related
—
Oct 6, 2011
$1,484,500
Stueve Bros Farms Of Delano LLC
Allen Avenue LLC
Grant Deed
—
Feb 9, 2006
$1,500,000
Allen Avenue LLC
Dorothy L Pierce
Grant Deed
$1,125,000 · Pacific Western National Bank
Nov 7, 2001
—
Pierce,donna L Tr
Brown,d L
Grant Deed
related
—
Jan 29, 1998
—
Pierce,dorothy L Tr
—
Deed Of Trust
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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