Property profile

650 Raymond Ave Pasadena, CA 91105

OFF-MARKET
Manufacturing properties
Property ID
US09-9966349
6,750 SF 0.34 ac lot Built 1965
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This single-tenant property at 650 S. Raymond Ave., Pasadena, CA 91105, offers 0.26 acres of land and is ideally suited for a variety of uses. Its classification as both Flex and Medical Office space makes it highly versatile. The building enjoys a prime location in Pasadena, just one block from Huntington Health, a Cedars-Sinai affiliate, and surrounded by other medical facilities. This strategic position ensures excellent visibility and accessibility for businesses in the healthcare sector or related industries. The property benefits from convenient access to major freeways, including the I-110, I-210, and I-134, facilitating easy commutes for employees and clients. Public transportation is also readily available, with the Metro L (Fillmore Station) within walking distance. The current SFO-MU-C zoning allows for a wide range of permitted uses, details of which can be found in the South Fair Oaks Specific Plan. This presents a unique opportunity for businesses seeking a well-located, adaptable space in a thriving area of Los Angeles County. The property is zoned for multiple uses, making it an attractive option for a variety of businesses.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1965
Construction TILT-UP CONCRETE
Total area 6,750 SF
Lot 0.34 ac (14,997 SF)
APN 5720-011-016
UPID US09-9966349

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
  • General Contractor Renovation Specialist
  • Advertising Agency Marketing & Advertising

Location

650 Raymond Ave Pasadena, CA 91105-3253
Pasadena metro Census 464000 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
$695k
Blend (final) Blend
$845k

Owner & transaction history

since 2017
3 recorded transactions
2019
Price N/A
2017
$3.2M
1969
Price N/A

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
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