New search
Property profile & analytics
FOR LEASE
Investment properties
288 N Santa Anita Ave Arcadia, CA 91006
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9866015
For Lease
1 / 2
$8,240,000
288 N Santa Anita Ave, Arcadia, CA 91006
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2022
Construction
CONCRETE
Total area
33,201 SF
Lot
0.72 ac (31,560 SF)
Zoning code
ARC2
APN
5773-006-065
UPID
US09-9866015
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
-
Dr. Lori D. Moore, MD Ophthalmologist
-
Reid Maxwell Wainess Ophthalmologist
-
Dr. Sinan Albear Ophthalmologist
-
Acuity Optical - Arcadia Physician
-
Acuity Eye Group - Arcadia Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.24M
Owner & transaction history
288 N Santa Anita LLC · 8 yrs held
288 N Santa Anita LLC
since 2018
7 recorded transactions
Zoning & alternative use
ARC2 · Arcadia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.4M
+30.3%
Apartment house (5+ units)
$11.5M
+12.0%
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 Arcadia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arcadia 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,205,000
6.5%
$10,345,000
7%
$9,605,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,260,000
Current use
RETAIL STORES
$13,365,000
Change: +30% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,485,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$8.24M
Range $7.42M – $9.06M · ±10%
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
$248 / 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
$256,980
Tax year 2024
Assessed value
$22,053,355
Assessed 2024
Previous assessed
$22,053,355
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$3,346,555
Assessed improvement
$18,706,800
Applied tax rate
1.0000
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
For Lease
Year built
2022
Construction
CONCRETE
Heating
NONE
Cooling
YES
Total area
33,201 SF
Lot
0.72 ac (31,560 SF)
Zoning code
ARC2
APN
5773-006-065
UPID
US09-9866015
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ARC2 · Arcadia, CA
Zoning ARC2 · permitted uses
ARC2 · Arcadia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arcadia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.3M
RETAIL STORES
Est. value
$13.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.5M
COMMERCIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2022
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Lot
0.72 ac
Current owner
From public records · entity-resolved
288 N Santa Anita LLC
Entity
Mailing address
100 E CALIFORNIA BLVD, PASADENA, CA 91105-3205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Oct 7, 2024
—
Santa Anita LLC
—
Deed
related
$40,917,610 · Ctbc Bank Corp USA
Sep 23, 2022
—
288 N Santa Anita LLC
—
Deed
related
$23,680,000 · Ctbc Bank Corp USA
Oct 22, 2020
—
288 N Santa Anita LLC
—
Deed
related
$16,400 · Evertrust Bank
Jun 5, 2018
$3,000,000
288 N Santa Anita LLC
Continental Store Equipment Co
Grant Deed
—
Nov 30, 2017
—
Omniscience INC
Continental Store Equipment Co
Quit Claim Deed
$192,086 · Equilibrium Investments LLC
—
—
Continental Store Equipment Co
—
Deed Of Trust
related
$185,915 · Hunter Group LLC
—
—
Continental Store Equipment Co
—
Deed Of Trust
related
$204,197 · Cursum Perficio LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
