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Property profile & analytics
OFF-MARKET
Estimated value
$7,215,000
Investment properties
61 Raymond Ave Pasadena, CA 91103-3919
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6958731
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Construction
TILT-UP CONCRETE
Total area
38,573 SF
Lot
0.32 ac (13,746 SF)
Zoning code
PSC-
APN
5723-022-010
UPID
US09-6958731
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
-
Pez Coastal Kitchen Restaurant
-
Los Angeles Composition Roofing Corp Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.22M
Owner & transaction history
Superior Building LLC · 13 yrs held
Superior Building LLC
since 2013
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
$125,749
Tax year 2024
Assessed value
$9,700,000
Assessed 2024
Previous assessed
$9,700,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$8,700,000
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
STORE/OFFICE (MIXED USE)
Status
Off-Market
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Total area
38,573 SF
Lot
0.32 ac (13,746 SF)
Zoning code
PSC-
APN
5723-022-010
UPID
US09-6958731
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
0.32 ac
Current owner
From public records · entity-resolved
Superior Building LLC
Entity
Mailing address
530 S LK AVE #450, PASADENA, CA 91101-3515
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2024
—
Bank Of America NA
—
Deed
related
$7,000,000 · Computershare Trust Company
Apr 2, 2024
—
Superior Building LLC
—
Deed
related
$7,000,000 · Bank Of America NA
Jan 14, 2013
$10,225,000
Superior Building LLC
61 North Raymond Avenue Hldgs
Grant Deed
—
Nov 7, 2012
$8,757,357
North Raymond Avenue Holdi 61
Assured Lender Svcs INC
Trustees Deed
related
—
Jan 16, 2008
$4,750,000
Ag Of Cambra Opp II Owner LLC
Old Pasadena Plaza II
Grant Deed
—
Oct 10, 2006
—
Old Pasadena Plaza II LP
Haven Pasadena LLC
Grant Deed
$9,000,000 · Jpmorgan Chase Bank NA
Feb 20, 2002
—
Pasadena Plaza Old II
Buchanan & Associates III
Grant Deed
$5,500,000 · State Street Bank & Trust Ttee
Jun 1, 1989
$1,975,000
Buchanan
Ornst 0381725 04
Grant Deed
—
Jun 6, 1988
—
Ornst 0381725 04
Marsh
Trustees Deed
related
—
—
—
Superior Building LLC
—
Deed Of Trust
related
$7,600,000 · Bank Of America
—
—
Buchanan & Associates
—
Deed Of Trust
related
$5,500,000 · Chase Manhattan Bank
—
—
Buchanan & Associates III
—
Deed Of Trust
related
$5,163,852 · Union Bank Of California
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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