Property profile

615 Raymond Ave Pasadena, CA 91105

OFF-MARKET
Manufacturing properties
Property ID
US09-7304338
14,020 SF 0.63 ac lot Built 1955
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Building Supply

Location

615 Raymond Ave Pasadena, CA 91105
Pasadena metro Census 464000 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.81M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.52M
Blend (final) Blend
$8.83M

Owner & transaction history

since 2023
Last sale
$9.7M
7 recorded transactions
2023
$9.7M
2023
$5.5M
1993
Price N/A
1989
Price N/A
1989
Price N/A
1989
$715,000
1989
$1.4M

Zoning & alternative use

PSM- · Pasadena, CA
Top alternative use upside
Restaurant $9.8M +65.7%
Neighborhood: shopping center $8.5M +44.1%
Office building $7.9M +33.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 615 Raymond 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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message