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Property profile & analytics
FOR LEASE
Retail space

42 S De Lacey Ave Pasadena, CA 91103

7,670 SF 0.18 ac lot Built 1927
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6610913
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1927
Construction TILT-UP CONCRETE
Total area 7,670 SF
Lot 0.18 ac (7,672 SF)
Zoning code PSC-
APN 5713-007-017
UPID US09-6610913
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
  • Room & Board Design Studio Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.99M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.61M
Owner & transaction history
Old Town Delacey LLC · 11 yrs held
Old Town Delacey LLC
since 2014
7 recorded transactions
2016
Price N/A
2014
$3.7M
2013
Price N/A
2006
Price N/A
2003
$3.3M
2003
Price N/A
2000
Price N/A
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $4.3M +12.9%
Auto repair, garage $3.8M +0.6%
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