Property profile

450 Raymond Ave Pasadena, CA 91105

OFF-MARKET
Manufacturing properties
Property ID
US10-0252669
6,408 SF 0.17 ac lot Built 1919
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1919
Construction TILT-UP CONCRETE
Total area 6,408 SF
Lot 0.17 ac (7,341 SF)
Zoning code PSC-
APN 5722-007-003
UPID US10-0252669

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tour Operator

Location

450 Raymond Ave Pasadena, CA 91105-2636
Pasadena metro Census 463602 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.79M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.96M
Blend (final) Blend
$5.08M

Owner & transaction history

since 2020
Last sale
$4.4M
7 recorded transactions
2022
Price N/A
2020
$4.4M
2008
Price N/A
1993
Price N/A
1989
Price N/A
1989
Price N/A
1989
$450,000

Zoning & alternative use

PSC- · Pasadena, CA
Top alternative use upside
Restaurant $4.5M +65.7%
Neighborhood: shopping center $3.9M +44.1%
Office building $3.6M +33.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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