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Property profile & analytics
OFF-MARKET
Estimated value
$8,425,000
Hotels
303 Cordova St Pasadena, CA 91101-2426
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9023952
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1975
Construction
CONCRETE
Total area
158,307 SF
Lot
2.23 ac (97,311 SF)
Zoning code
PSC-
APN
5722-027-043
UPID
US09-9023952
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
-
Embassy Suites Glendale Hotel & Motel
-
Agents Only Bar & Pub
-
Lyric Restaurant
-
America's Got Talent Audition Studio 2020 Hotel & Motel
-
Hotel Dena, Pasadena Los Angeles, a Tribute Portfolio Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.43M
Owner & transaction history
Eagle Propco 2 LLC · 5 yrs held
Eagle Propco 2 LLC
since 2021
Last sale
$8.3M
5 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,115,000
ML approach
$8,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.43M
Range $7.58M – $9.27M · ±10% · vs last sale $8.30M (Jun 30 2021)
Last sale anchor
$8.30M
Jun 30 2021
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
$53 / 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
$859,807
Tax year 2024
Assessed value
$76,090,734
Assessed 2024
Previous assessed
$76,090,734
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$18,677,260
Assessed improvement
$57,413,474
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
NONE
Units
321
Total area
158,307 SF
Lot
2.23 ac (97,311 SF)
Zoning code
PSC-
APN
5722-027-043
UPID
US09-9023952
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.
Building & site characteristics
From public records
Year built
1975
Construction
CONCRETE
Heating
NONE
Units
321
Lot
2.23 ac
Current owner
From public records · entity-resolved
Eagle Propco 2 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
510 WALNUT ST9THFL, PHILADELPHIA, PA 19106-3619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
$47,386,000
Eagle Propco 2 LLC
Urban Commons Cordova A LLC
Quit Claim Deed
related
—
Mar 31, 2017
$8,300,000
Urban Commons Cordova LLC
City Of Pasadena
Grant Deed
$35,000,000 · Industrial & Com'l Bk/china
Nov 15, 2012
—
City Of Pasadena
City Of Pasadena
Quit Claim Deed
related
—
Mar 10, 2011
—
City Of Pasadena
Pasadena Cmnty Dev Commission
Quit Claim Deed
—
—
—
Pasadena Hotel Dev Venture LP
—
Loan Modification
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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