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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Office buildings
388 Lk Ave Pasadena, CA 91101-3508
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0230444
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1951
Construction
TILT-UP CONCRETE
Total area
9,000 SF
Lot
0.25 ac (10,814 SF)
Zoning code
PSC-
APN
5735-031-003
UPID
US10-0230444
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
-
Guaranteed Rate Affinity Loan Service Bank
-
Nicole Bray Real Estate and Associates Real Estate Agency
-
Robert Lanzas Real Estate - Coldwell Banker Real Estate Agency
-
J Stoney Properties - Coldwell Banker Residential Brokerage Real Estate Agency
-
Pretam Fuqua Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.79M
Owner & transaction history
Crosswalk Holdings LLC · 13 yrs held
Crosswalk Holdings LLC
since 2013
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$199 / 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
$23,133
Tax year 2024
Assessed value
$1,620,211
Assessed 2024
Previous assessed
$1,620,211
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$895,059
Assessed improvement
$725,152
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
9,000 SF
Lot
0.25 ac (10,814 SF)
Zoning code
PSC-
APN
5735-031-003
UPID
US10-0230444
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
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Crosswalk Holdings LLC
Entity
Free & Clear · 13 yrs held
Mailing address
5005 SE 3RD PL, RENTON, WA 98059-5296
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jul 8, 2013
—
Crosswalk Holdings LLC
Hill Trust
Quit Claim Deed
—
Apr 24, 2013
—
Richard C Hill JR.
Hill Richard C Trust
Quit Claim Deed
related
—
Aug 22, 2011
—
Hill Family Living Trust
Hill,gregory P
Quit Claim Deed
related
—
Apr 18, 2011
—
Hill Trust
Hill,james B
Quit Claim Deed
related
—
Dec 30, 2010
—
James B Hill
Hill Nevada Trust
Quit Claim Deed
related
—
Jul 2, 1993
—
Hill,giloa A Tr
—
Deed Of Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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