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Property profile & analytics
OFF-MARKET
Estimated value
$3,585,000
Investment properties
48 Raymond Ave Pasadena, CA 91105-1935
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-6958717
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Construction
TILT-UP CONCRETE
Total area
19,125 SF
Lot
0.2 ac (8,752 SF)
Zoning code
PSC-
APN
5722-029-016
UPID
US09-6958717
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
-
48 N Raymond Ave Parking Lot & Garage
-
Edison El Rey Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.59M
Owner & transaction history
Edison El Rey LLC · 11 yrs held
Edison El Rey LLC
since 2014
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$187 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$78,922
Tax year 2024
Assessed value
$5,915,000
Assessed 2024
Previous assessed
$5,915,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,635,000
Assessed improvement
$4,280,000
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Total area
19,125 SF
Lot
0.2 ac (8,752 SF)
Zoning code
PSC-
APN
5722-029-016
UPID
US09-6958717
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC- · Pasadena, CA
Zoning PSC- · permitted uses
PSC- · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Lot
0.2 ac
Current owner
From public records · entity-resolved
Edison El Rey LLC
Entity
Mailing address
PO BOX 480314, LOS ANGELES, CA 90048-1314
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
Ucm Erp Chamber Building LLC
—
Deed
related
$14,800,000 · Lincoln National Life Insurance Company
Apr 16, 2018
—
Edison El Rey LLC
—
Deed
related
$12,760,000 · Grandpoint Bank
Jul 31, 2014
—
Edison El Rey LLC
Hsr Pasadena III LLC
Grant Deed
—
Mar 2, 2012
$8,600,000
Hsr Pasadena III LLC
Edison Of El Rey LP
Grant Deed
$7,350,000 · Rait Partnership LP
Jul 11, 2003
—
Edison/el Rey LP
Los Angeles Pasadena Metro Blu
Quit Claim Deed
related
—
Oct 31, 1988
—
El Rey Edison
—
Deed Of Trust
related
$2,087,500 · Western Bank
Aug 12, 1988
$2,250,000
El Rey Edison
Orig
Grant Deed
$975,000 · Original IV Asso
—
—
El Rey L Edison
—
Deed Of Trust
related
$2,287,500 · Western Bank
—
—
Edison/el Rey LP
—
Deed Of Trust
related
$2,178,306 · Western Bank
—
—
Edison/el Rey LP
—
Deed Of Trust
related
$3,990,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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