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Property profile & analytics
OFF-MARKET
Estimated value
$9,090,000
Manufacturing properties
615 Raymond Ave Pasadena, CA 91105
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7304338
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1955
Construction
TILT-UP CONCRETE
Total area
14,020 SF
Lot
0.63 ac (27,356 SF)
Zoning code
PSM-
APN
5720-001-011
UPID
US09-7304338
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
-
Pasadena Portable Toilets Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.52M
Blend (final)
Blend
$9.09M
Owner & transaction history
Genesis Nur Partners LLC · 2 yrs held
Genesis Nur Partners LLC
since 2023
Last sale
$9.7M
7 recorded transactions
Zoning & alternative use
PSM- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.8M
+65.7%
Neighborhood: shopping center
$8.5M
+44.1%
Office building
$7.9M
+33.0%
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
$8,825,000
ML approach
$8,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,920,000
Current use
RESTAURANT
$9,810,000
Change: +66% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,535,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$7,875,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,020,000
Change: +19% · Conversion: Easy
RETAIL STORES
$6,975,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$6,375,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,495,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$9.09M
Range $8.18M – $10.00M · ±10% · vs last sale $9.65M (Oct 17 2023)
Last sale anchor
$9.65M
Oct 17 2023
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
$648 / 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
$63,552
Tax year 2024
Assessed value
$5,500,000
Assessed 2024
Previous assessed
$5,500,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,000,000
Assessed improvement
$2,500,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
14,020 SF
Lot
0.63 ac (27,356 SF)
Zoning code
PSM-
APN
5720-001-011
UPID
US09-7304338
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSM- · Pasadena, CA
Zoning PSM- · permitted uses
PSM- · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
RESTAURANT
Est. value
$9.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.5M
OFFICE BUILDING
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.0M
RETAIL STORES
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$5.5M
INDUSTRIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Genesis Nur Partners LLC
Entity
Mailing address
1323 DESCANSO DR, LA CANADA FLINTRIDGE, CA 91011-3101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Oct 17, 2023
$9,650,000
Genesis Nur Partners LLC
Jh Four INC
Grant Deed
—
Apr 5, 2023
$5,500,000
Jh Four INC
Mida Metal Products INC
Grant Deed
$2,500,000 · Tony Sedler Investments LP
Apr 28, 1993
—
Joel Chang
Shih,jennet
Quit Claim Deed
related
—
Oct 25, 1989
—
Mida Metal Produ
—
Deed Of Trust
related
—
Jun 1, 1989
—
Frank G Matranga
Crown
Quit Claim Deed
related
—
Jun 1, 1989
$715,000
Sunny Garment&
Rpm
Trustees Deed
$1,050,000 · Mechanics National Bank
Jun 1, 1989
$1,430,000
Pac Finl Exchang
Matr
Trustees Deed
related
—
—
—
Sunny
—
Deed Of Trust
related
$1,050,000 · Mechanics National Bank
—
—
Mida Metal Products INC
—
Deed Of Trust
related
$325,000 · Pacific Thrift & Loan Co
—
—
Frank A Matranga
—
Deed Of Trust
related
$200,000 · First Charter Bank
—
—
Joel Chang
—
Deed Of Trust
related
$500,000 · Sanwa Bank California
—
—
Mida Metal Products
—
Deed Of Trust
related
$148,417 · Faccini Marie E Living Trust
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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