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Property profile & analytics
OFF-MARKET
Estimated value
$2,820,000
Investment properties
375 Grn St Pasadena, CA 91101-2313
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-6380492
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2002
Construction
STEEL FRAME
Total area
10,371 SF
Lot
10.82 ac (471,532 SF)
Zoning code
PSC2
APN
5722-025-041
UPID
US09-6380492
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
-
Public Art Dream Stream Cultural Landmark
-
Public Art Frozen Music, Opus for Pasadena Resort
-
Public Art Iron Works for Paseo Colorado Sculpture Art
-
Terraces at Paseo Colorado Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.82M
Owner & transaction history
Ssr Paseo Colorado LP · 3 yrs held
Ssr Paseo Colorado LP
since 2023
6 recorded transactions
Zoning & alternative use
PSC2 · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.4M
+7.8%
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%
$3,340,000
6.5%
$3,085,000
7%
$2,860,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,065,000
Current use
INDUSTRIAL (GENERAL)
$4,380,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$2.82M
Range $2.54M – $3.10M · ±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
$272 / 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
$59,809
Tax year 2024
Assessed value
$4,292,466
Assessed 2024
Previous assessed
$4,292,466
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$555,183
Assessed improvement
$3,737,283
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
10,371 SF
Lot
10.82 ac (471,532 SF)
Zoning code
PSC2
APN
5722-025-041
UPID
US09-6380492
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC2 · Pasadena, CA
Zoning PSC2 · permitted uses
PSC2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.1M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
2002
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
10.82 ac
Current owner
From public records · entity-resolved
Ssr Paseo Colorado LP
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
—
Ssr Paseo Colorado LP
Ssr Pasco Colorado LP
Grant Deed
—
Jul 16, 2021
—
Ssr Paseo Colorado LLC
—
Deed
related
$99,000,000 · The Northwest Mutual Life Insurance
Dec 19, 2018
—
Capref Paseo LLC
—
Loan Modification
related
$144,250,000 · Th Com'l Ms II LLC
Nov 24, 2003
—
Ssr Paseo Colorado LLC
—
Deed Of Trust
related
$225,000,000 · Berkshire Mortgage Finance Co
Jun 6, 2003
—
Ssr Paseo Colorado LLC
Post Paseo Colorado LLC
Grant Deed
related
—
Nov 28, 2001
—
Post Paseo Colorado LLC
—
Trustees Deed
related
$58,911,168 · Post Apartment Homes LP
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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