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Property profile & analytics
OFF-MARKET
Estimated value
$12,680,000
Super regional malls
3701 Foothill Blvd 61 Pasadena, CA 91107-2202
Entity Owned
33-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6391208
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1958
Construction
TILT-UP CONCRETE
Total area
30,403 SF
Lot
6.05 ac (263,586 SF)
Zoning code
PSC*
APN
5757-023-010
UPID
US09-6391208
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
-
Wells Fargo ATM Atm
-
Wells Fargo Bank Bank Loan Service
-
Wells Fargo Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.68M
Owner & transaction history
Hastings Ranch Inv Co · 33 yrs held
Hastings Ranch Inv Co
since 1992
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,725,000
6.5%
$12,665,000
7%
$11,765,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$18,505,000
Current use
OFFICE BUILDING
$17,075,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,220,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$12.68M
Range $11.41M – $13.95M · ±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
$417 / 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
$260,079
Tax year 2024
Assessed value
$19,000,198
Assessed 2024
Previous assessed
$19,000,198
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$8,651,571
Assessed improvement
$10,348,627
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
5
Stories
1
Total area
30,403 SF
Lot
6.05 ac (263,586 SF)
Zoning code
PSC*
APN
5757-023-010
UPID
US09-6391208
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$18.5M
OFFICE BUILDING
Est. value
$17.1M
AUTO REPAIR, GARAGE
Est. value
$15.2M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
6.05 ac
Current owner
From public records · entity-resolved
Hastings Ranch Inv Co
Entity
Mailing address
6300 WILSHIRE BLVD STE #1800, LOS ANGELES, CA 90048-5236
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1992
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 10, 2019
—
Hastings Ranch Invs Co LP
—
Loan Modification
related
$35,000,000 · Miscellaneous Ins Co
Sep 1, 1992
$14,500,000
Hastings Ranch Inv Co
Hastings Ranch
Grant Deed
related
$7,830,000 · Northern Trust Bank Of Ca
Dec 1, 1971
$1,700,000
—
—
Grant Deed
related
—
—
—
Hastings Ranch Investement Co
—
Deed Of Trust
related
$25,000,000 · Jefferson-pilot Life Insurance
—
—
Hastings Ranch Investment Co
—
Deed Of Trust
related
$16,600,000 · Public Employees Ret Assn Co
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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