Property profile

35 Glenarm St Pasadena, CA 91105

OFF-MARKET
Office buildings
Property ID
US10-0254237
4,730 SF 0.22 ac lot Built 1966
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-story office building, located at 35 E Glenarm St in Pasadena, CA, presents a compelling investment opportunity. The 4,730 square foot building sits on a 9,479 square foot lot and boasts a desirable location within the Fair Oaks Medical Corridor, adjacent to Huntington Memorial Hospital. Currently owner-occupied, this Class B property offers significant potential for conversion into a medical office building (MOB). The property features 12 surface parking stalls (2.54 per 1,000 square feet), providing ample parking for staff and clients. Its strategic location offers easy access to major freeways (110, 210, and 134) and is within walking distance of the Metro Gold Line, ensuring convenient commuting options. The asking price is $4,880,000, translating to $1,031.71 per square foot. The property is zoned SFO-MU-C and is offered fee simple. This presents a rare chance to acquire a well-situated property in a thriving medical area with high growth potential. The building's existing infrastructure and prime location make it an ideal candidate for immediate occupancy or strategic redevelopment. Don't miss this chance to own a piece of Pasadena's vibrant medical corridor. APN: 5720-006-018.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1966
Construction TILT-UP CONCRETE
Total area 4,730 SF
Lot 0.22 ac (9,481 SF)
Zoning code PSM*
APN 5720-006-018
UPID US10-0254237

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

35 Glenarm St Pasadena, CA 91105-3418
Pasadena metro Census 464000 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.67M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.51M

Owner & transaction history

since 2019
4 recorded transactions
2019
Price N/A
2011
$1.8M
1970
$29,500
1969
Price N/A

Zoning & alternative use

PSM* · Pasadena, CA

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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