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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Investment properties
612 Lk Ave Pasadena, CA 91106-3918
Entity Owned
Absentee Owner
Free & Clear
Property ID
US10-0241163
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1923
Construction
WOOD
Total area
4,668 SF
Lot
0.25 ac (10,736 SF)
Zoning code
PSC-
APN
5327-020-012
UPID
US10-0241163
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
-
Rapid Dental Care Pasadena Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.19M
Owner & transaction history
Aipo Assets Management LLC
Aipo Assets Management LLC
since 2025
Last sale
$2.9M
5 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.8M
+55.3%
Office building
$2.6M
+43.3%
Auto repair, garage
$2.3M
+27.7%
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
$1,950,000
ML approach
$1,950,000
CAP Approach
CAP Return
Estimation
6%
$1,505,000
6.5%
$1,385,000
7%
$1,290,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,830,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,840,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$2,620,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,335,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$2,320,000
Change: +27% · Conversion: Easy
MEDICAL BUILDING
$2,120,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $2.90M (Jul 7 2025)
Last sale anchor
$2.90M
Jul 7 2025
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
$468 / 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
$25,740
Tax year 2024
Assessed value
$2,069,355
Assessed 2024
Previous assessed
$2,069,355
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,061,208
Assessed improvement
$1,008,147
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
Year built
1923
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
4,668 SF
Lot
0.25 ac (10,736 SF)
Zoning code
PSC-
APN
5327-020-012
UPID
US10-0241163
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1923
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Aipo Assets Management LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1250 E WALNUT ST #203, PASADENA, CA 91106-1893
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
$2,899,000
Aipo Assets Management LLC
The Bicos Living Trus
Grant Deed
—
Nov 6, 2024
—
John Bicos
John Bicos
Deed
related
—
Apr 23, 2021
$1,950,000
Bicos LP
Charles Cooper Madison
Grant Deed
$1,170,000 · Eh National Bank
Jul 7, 1997
—
Cooper,madison C & Edith E Co-tr
Cooper,m C
Quit Claim Deed
related
—
Apr 25, 1997
—
Madison C Cooper
Cooper M C Trustee,
Quit Claim Deed
related
—
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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