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Property profile & analytics
OFF-MARKET Estimated value $3,855,000
Retail properties & Spaces

32 Sierra Madre Blvd Pasadena, CA 91107-3326

20,460 SF 0.62 ac lot Built 1952
Trust Owned 30-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-0242490
Property summary
AI-generated overview

This exceptional commercial property, located at 32 N Sierra Madre Blvd in Pasadena, offers a unique sublease opportunity extending through July 30, 2029. The 20,944 square foot building sits on a 26,962 square foot lot and features a Class B designation. The two-story structure boasts a flexible layout ideal for a variety of uses, including office, retail, and warehouse operations. Its prime location offers unparalleled access to the 210 Freeway and the Metro Gold Line, providing convenient transportation links. The property benefits from its proximity to numerous national retailers such as Vons, Starbucks, Home Depot, and Target, enhancing its visibility and appeal. The building's position near the intersection of Sierra Madre Boulevard and Colorado Boulevard, the route of the Tournament of Roses Parade, adds to its unique character and high visibility. The zoning designation is EPSP-d1-CG, and the Los Angeles County APN is 5746-002-033. This property presents a rare opportunity for an investor or owner-user seeking a versatile space in a thriving area experiencing significant real estate development. The open and adaptable floor plan allows for customization to suit specific business needs, making it an attractive option for a range of commercial enterprises. The property's location offers excellent potential for increased value due to the ongoing revitalization of East Pasadena. This sublease presents a compelling investment opportunity with significant upside potential.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1952
Construction TILT-UP CONCRETE
Total area 20,460 SF
Lot 0.62 ac (26,962 SF)
Zoning code PSC*
APN 5746-002-033
UPID US10-0242490
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
  • Habitat for Humanity, Pasadena ReStore Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.86M
Owner & transaction history
Donald W Fedde Trustee · 30 yrs held
Donald W Fedde Trustee
since 1996
2 recorded transactions
1996
$350,000
1995
$439,000
Zoning & alternative use
PSC* · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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