Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Auto shops
60 Lotus Ave Pasadena, CA 91107-3811
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-9067635
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1996
Construction
TILT-UP CONCRETE
Total area
3,398 SF
Lot
0.14 ac (5,962 SF)
Zoning code
LCM11/2*
APN
5755-001-029
UPID
US09-9067635
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
$2.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.46M
Owner & transaction history
60 North Lotus LLC · 6 yrs held
60 North Lotus LLC
since 2020
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
LCM11/2* · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.1M
+21.6%
Office building
$1.9M
+12.2%
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
Method
Estimation
Statistic approach
$2,480,000
ML approach
$2,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,700,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,070,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$1,910,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$1,545,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±10% · vs last sale $2.24M (Mar 6 2020)
Last sale anchor
$2.24M
Mar 6 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$724 / 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
$27,295
Tax year 2024
Assessed value
$2,401,730
Assessed 2024
Previous assessed
$2,401,730
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,608,302
Assessed improvement
$793,428
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,398 SF
Lot
0.14 ac (5,962 SF)
Zoning code
LCM11/2*
APN
5755-001-029
UPID
US09-9067635
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCM11/2* · Pasadena, CA
Zoning LCM11/2* · permitted uses
LCM11/2* · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
60 North Lotus LLC
Entity
Mailing address
60 N LOTUS AVE, PASADENA, CA 91107-3811
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Mar 12, 2020
—
60 North Lotus LLC
—
Deed
related
$1,145,000 · Commercial Bk/ca
Mar 6, 2020
$2,240,000
60 North Lotus LLC
Beier Kurt III
Grant Deed
$1,145,000 · Commercial Bk/ca
Mar 6, 2020
—
Beier Kurt III
Veronica Beier
Quit Claim Deed
related
—
Apr 25, 2003
—
Kurt Beier
Beier,yvonne
Quit Claim Deed
related
—
Jul 29, 1999
$388,000
Kurt A Beier
Devonshire,laura
Grant Deed
—
Dec 29, 1993
$312,000
Devonshire,rand L & Laura
Mckiddy,lenon &
Trustees Deed
$132,250 · Individual
—
—
60 North Lotus LLC
—
Deed Of Trust
related
$943,000 · Cdc Small Busn Fin
—
—
Kurt Beier
—
Deed Of Trust
related
$302,756 · Wells Fargo Bank
—
—
60 North Lotus LLC
—
Deed Of Trust
related
$1,145,000 · Commercial Bk/ca
—
—
Rand L Devonshire
—
Deed Of Trust
related
$117,250 · Individual
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 60 Lotus Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
