42 S De Lacey Ave, Pasadena, CA 91103
- Retail space
- 7,670 SF
- 0.18 lot acres
Current Use by Public Records
- Room & Board Design Studio / Furniture & Home Goods / Home Decor Store
Property Details for 42 S De Lacey Ave
- Year built
- 1927
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.18 lot acres
- Zone code
- PSC-
- Property type
- Retail space
- APN
- 5713-007-017
- APU
- 5713007017
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 3, 2016 | — | Old Town Delacey LLC | — | Deed · related | $3.8M · Cathay Bank |
| Dec 8, 2014 | $3,701,500 | Old Town Delacey LLC | Us Bank NA 2007-top25 | Grant Deed | — |
| Jul 3, 2013 | — | Stanley 2007-top25 Morgan | B & L Realty Associates III LLC | Deed In Lieu Of Foreclosure · related | — |
| Nov 8, 2006 | — | B & L Realty Associates III LLC | Christopoulos,basil | Grant Deed | $3.3M · Principal Life Insurance Co |
| Feb 19, 2003 | $3,300,000 | Old Town Brewpub LP | Gm Group INC | Grant Deed | $1.3M · Blx Capital LLC |
| Feb 19, 2003 | — | C M Group LLC | Chang,tan J | Grant Deed · related | — |
| Oct 26, 2000 | — | Tan J Chang | Moore,r S | Grant Deed · related | — |
| Jun 20, 2000 | — | Randall S Moore | Chang,t J | Grant Deed · related | — |
| Apr 30, 1999 | $3,302,000 | Chang,tan J | Jerry Famos Dell INC | Trustees Deed | — |
| Apr 7, 1995 | — | Jerry's Famous Deli INC | Sheares,edwin | Grant Deed | $2M · United Mizrahi Bank Ltd |
| Aug 12, 1988 | $6,000 | Garry K Marshall | Unknown | Grant Deed | — |
| — | — | Jerrys Famous Deli INC | — | Deed Of Trust · related | $15M · Bankboston NA Ttee |
| — | — | B & L Realty Associates III LLC | — | Loan Modification · related | $3.3M · Morgan Stanley 2007-top25 |
| — | — | Old Town Brewpub LP | — | Deed Of Trust · related | $150k · Gregory S Rifkin |
Description
This exceptional retail or restaurant opportunity is located at 42 S De Lacey Ave in the heart of Old Pasadena, California. The property, built in 1927 and renovated in 2003, offers a total of 16,026 square feet across a single suite, with 8,013 square feet currently available for lease. This presents a unique chance to establish a presence in a vibrant and highly sought-after area. The building's rich history blends seamlessly with modern amenities, creating a desirable space for a variety of businesses. The location within Old Pasadena ensures high foot traffic and visibility, benefiting from the area's strong reputation and established clientele. Parking is conveniently provided via city parking options. The property is classified as Commercial, with a Multiple Tenancy designation, indicating potential for future expansion or subleasing. This single-suite building is situated in Los Angeles County, zip code 91103, offering easy access to major transportation routes and a thriving community. The substantial square footage provides ample space for a large-scale operation or the potential to be divided for multiple tenants. This is a rare opportunity to secure a prominent location in one of Southern California's most desirable commercial districts.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,230,000
- 6.5%
- $2,985,000
- 7%
- $2,770,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,815,000 Current use
- OFFICE BUILDING
- $4,305,000 Change: +13% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,840,000 Change: +1% Conversion: Difficult
- MEDICAL BUILDING
- $3,485,000 Change: -9% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $3,240,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.152
- Latitude
- 34.145
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
