451 Del Monte St Pasadena, CA 91103
This exceptional investment opportunity presents three contiguous properties totaling 5,938 square feet on a combined 0.14-acre lot in desirable Pasadena, California. The offering includes the real estate and the established business currently operating on the site – a tire and mechanic shop. Building #1, at 1,758 square feet on an 8,900-square-foot lot, serves as the primary shop space. Building #2, adding 2,205 square feet on a 9,025-square-foot lot, complements the existing operation. Finally, Building #3, a 1,980-square-foot structure on a 6,100-square-foot lot, further enhances the overall functionality of the business. The combined property offers significant potential for expansion, redevelopment, or continued operation as a thriving automotive repair facility. Its strategic location, approximately a quarter-mile from the iconic Rose Bowl and the vibrant Old Town Pasadena, provides excellent visibility and access to a large customer base. This is a rare chance to acquire a substantial mixed-use property in a highly sought-after area, presenting a compelling investment opportunity with considerable upside potential. The asking price for this unique package is $5,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PSC- · Pasadena, CAPasadena. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.