Financial
Distress signals
Property profile

438 S Pasadena Ave Pasadena, CA 91105

FOR LEASE
Office buildings
Property ID
US10-0234797
733 SF 0.04 ac lot Built 1926
Last sale Jul 2015 · $368,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This stunning 733-square-foot free-standing executive office building, located at 438 S Pasadena Ave in Pasadena, CA 91105, presents a unique opportunity. Built in 1926 and extensively renovated in 2015, the property seamlessly blends historic charm with contemporary functionality. The single-tenant occupancy offers complete privacy and control. The building boasts a total of 733 square feet of usable space, all currently vacant and ready for immediate occupancy. One convenient parking

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$427k
Assessed land$325k
Assessed improvement$102k
Effective rate1.25%

Value estimate

· Sep 2026
$310k
$279k – $341k
AI approach$310k
NOI build-up
Gross scheduled income$25k
Vacancy & credit loss−$4k
Operating expenses−$5k
NOI · 436,138.89% cap applied$16k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$562/SF
Submarket average, outlier-cleaned · 82 recorded sales of this use type
Observed band · Q1–Q3$376 – $819
Qualifying comparables12

Cap rate analysis

How does the asset earn?
436,138.89%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PSC-
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Food Market
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Food Market13.9
Electrical Service12.6
Daycare Center11.9

Location

438 S Pasadena Ave Pasadena, CA 91105
County assessor Recorded deeds · 6 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
396 Pasadena, Pasadena, CA 91105-1839 $2,000,000 Dec 2022 3,614 SF
448 Pasadena, Pasadena, CA 91105-1838 $360,000 Dec 2022 813 SF
1414 Colorado, Pasadena, CA 91105-1414 $1,287,512 Mar 2021 1,625 SF
170 De Lacey, Pasadena, CA 91105-2053 $150,000 Nov 2019 925 SF
40 Orange, Pasadena, CA 91105-2000 $1,155,011 Jun 2019 776 SF
1025 Fair Oaks, Pasadena, CA 91105 $11,750,117 May 2019 2,940 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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