590 Lk Ave Pasadena, CA 91101-1218
Entity Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$1.43M
Range $1.28M – $1.57M (±10%)
Property ID
US09-6479185
Property summary
AI-generated overview
Exceptional investment opportunity: a 1,750 square foot, single-story auto repair shop in Pasadena, CA. This turnkey business, established in 1967, is offered as a sale-leaseback, providing immediate income generation. Located at 590 N Lake Ave, Pasadena, CA 91101, the property boasts a prime location near the 210 and 134 freeways, ensuring high visibility and accessibility. The 7,024 square foot lot provides ample space, including 7 parking spaces. The building is zoned PSC- and features a strong, established tenant with a loyal customer base, offering a stable and consistent revenue stream. The asking price is $1,550,000, translating to $885.71 per square foot. This represents a rare chance to acquire a recession-resistant asset in a high-demand market with potential for future rent increases. The property's strong demographics and convenient freeway access contribute to its exceptional investment potential. This sale-leaseback opportunity is ideal for owner-users and investors seeking a stable, high-return investment. The Los Angeles County location, combined with the existing successful business, presents a compelling opportunity for immediate income and long-term growth. The property's APN is 5732-015-024.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1967
Construction
TILT-UP CONCRETE
Total area
1,750 SF
Lot
0.16 ac (7,024 SF)
Zoning code
PSC-
APN
5732-015-024
UPID
US09-6479185
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
-
Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.43M
Owner & transaction history
since 2026
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Top alternative use upside
Office building
$1.1M
+22.9%
Neighborhood: shopping center
$1.1M
+21.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.43M
Value range
$1.28M – $1.57M
±10% around blend
Estimated value / SF
$814 / SF
Confidence
High
14 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$1.28M
blend $1.43M
$1.57M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,750 SF
Lot area
0.16 ac
Year built
1967
Stories
1
APN
5732-015-024
Assessed value
$1,203,007
Annual tax
$14,276
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.21M
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.0 mi away · 1,710 SF
7.5 mi away · 1,500 SF
12.8 mi away · 1,594 SF
14.1 mi away · 1,508 SF
14.7 mi away · 1,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.43M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 31 sales
$501
+63%
County 1322 sales
$463
+76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $814/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+23%
vs current-use indication
Neighborhood: Shopping Center
Auto Repair, Garage · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.40M
Move the market yield to see immediate price impact.
Value / SF
$800
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$88k
$1.76M
$1.26M
$980k
$98k
$1.96M
$1.40M
$1.09M
$108k
$2.16M
$1.54M
$1.20M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$645k
2.3 mi · May 2026 · $430/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,276
Tax year 2024
Assessed value
$1,203,007
Assessed 2024
Previous assessed
$1,203,007
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$984,280
Assessed improvement
$218,727
Applied tax rate
7.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
1,750 SF
Lot
0.16 ac (7,024 SF)
Zoning code
PSC-
APN
5732-015-024
UPID
US09-6479185
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC- · Pasadena, CAZoning PSC- · permitted uses
PSC- · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PSC-
Jurisdiction
Pasadena, CA
Recorded code
PSC-
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PSC- in Pasadena, CA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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