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Property profile & analytics
OFF-MARKET
Parking lots & garages

451 Del Monte St Pasadena, CA 91103

1,980 SF 0.14 ac lot Built 1970
Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-8008619
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1970
Construction TILT-UP CONCRETE
Total area 1,980 SF
Lot 0.14 ac (6,100 SF)
Zoning code PSC-
APN 5727-012-002
UPID US09-8008619
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jesus Palomino · 17 yrs held
Jesus Palomino
since 2008
4 recorded transactions
2008
$2.0M
2000
$285,000
1970
$16,000
1967
Price N/A
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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