Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    70 Raymond Ave Pasadena, CA 91103-3970
    Back to Search
    Property profile & analytics

    70 Raymond Ave, Pasadena, CA 91103-3970

    View on Map
    • Turn key restaurants
    • 9,360 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Oct 7, 2022
    $4,300,043
    Property ID
    US09-6380468
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,195,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KAVIAR Restaurants / Restaurant
    • Copa Vida / Restaurant
    • Tea Rose Garden / Restaurant

    Property Details for 70 Raymond Ave

    Year built
    1904
    Construction
    TILT-UP CONCRETE
    Lot size
    0.12 lot acres
    Zone code
    PSC-
    Property type
    Turn key restaurants
    APN
    5723-024-002
    APU
    5723024002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 25, 2025 — Trg Raymond LLC — Deed · related $2M · United States Small Business Admin
    Sep 30, 2024 — Trg Raymond LLC — Deed · related $1.7M · East West Bank
    Oct 7, 2022 $4,300,000 Trg Raymond LLC 70 North Raymond LLC Grant Deed $2.6M · Lone Oak Fund LLC
    Jan 22, 2008 — 70 North Raymond LLC 8530 Associates LLC Grant Deed —
    Aug 11, 2005 $3,500,000 8530 Associates LLC Shapiro Trust Grant Deed —
    Feb 14, 2005 — Shapiro Trust Pasadena Design Center Quit Claim Deed · related —
    Feb 11, 2005 $1,000,000 Shapiro Trust Turrentine Trust Quit Claim Deed · related —
    May 19, 1997 — Turrentine Edward Co Tr Et Al — Deed Of Trust · related —
    Feb 26, 1996 — Edward Turrentine Turrentine,e & P A Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,980,000
      ML approach
      $4,205,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,550,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $5,695,000
      Change: -13% Conversion: Difficult
      OFFICE BUILDING
      $5,255,000
      Change: -20% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.149
    Latitude
    34.1471
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $71,960
    $5,100,000
    $714,000
    $5,814,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,403 SF

      2050 Fair Oaks Ave

      RESTAURANT
      2050 Fair Oaks Ave, Pasadena, CA 91103-1714
      View Details
    • Value Estimation by Request
      3,257 SF

      181 Orange Grv Blvd

      RESTAURANT
      181 Orange Grv Blvd, Pasadena, CA 91103-3424
      View Details
    • Value Estimation by Request
      1,050 SF

      467 Fair Oaks Ave

      RESTAURANT
      467 Fair Oaks Ave, Pasadena, CA 91103-3621
      View Details
    • Value Estimation by Request
      10,350 SF

      114 Un St

      RESTAURANT
      114 Un St, Pasadena, CA 91103-3628
      View Details
    • Value Estimation by Request
      2,812 SF

      140 Orange Grv Blvd

      RESTAURANT
      140 Orange Grv Blvd, Pasadena, CA 91103-3423
      View Details
    • Value Estimation by Request
      446 SF

      500 Fair Oaks Ave

      RESTAURANT
      500 Fair Oaks Ave, Pasadena, CA 91103
      View Details

    Similar Nearby for Sale

    • $7,000,000

      Old Pasadena Corner Building

      Prime signalized corner building in Old Pasadena for sale.
      60 N Raymond Ave, Pasadena, CA 91103
      View Details
    • Contact for pricing
      Pending

      Renovated Flex Compound with Retail

      Renovated, air-conditioned flex space with retail in Pasadena.
      2075 N Fair Oaks Ave, Pasadena, CA 91103
      View Details
    • $1,600,000
      3,480 SF

      Commercial Building in Pasadena, CA

      Commercial building for sale in Pasadena, tenant occupied.
      1485 Lincoln Ave, Pasadena, CA 91103
      View Details
    • $5,199,999
      1,980 SF

      Mechanic Tire Shop Opportunity

      Three properties for the price of one. Includes business opportunity.
      451 Del Monte St, Pasadena, CA 91103
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available in Pasadena

      Retail space available for lease in Pasadena, California.
      42 S De Lacey Ave, Pasadena, CA 91103
      View Details
    • Contact for pricing
      3,315 SF

      Restaurant Space Available in Pasadena

      Second generation restaurant space available for rent in Pasadena.
      87-91 N Raymond Ave, Pasadena, CA 91103
      View Details
    • Contact for pricing
      5,002 SF

      Mixed-Use Retail and Office Space

      New generation mixed-use retail and office space in Old Pasadena.
      N Fair Oaks Ave, Pasadena, CA 91103
      View Details
    • Contact for pricing
      2,860 SF

      Pasadena Office Space For Rent

      Second floor office space available in Pasadena, California.
      72-90 N Fair Oaks Ave, Pasadena, CA 91103
      View Details
    • Contact for pricing

      Basement Storage Space Available

      Basement storage with street-level entrance and courtyard exit.
      82-A N Fair Oaks Ave, Pasadena, CA 91103
      View Details
    • Contact for pricing
      3,765 SF

      Pasadena Office Space For Rent

      Second floor office space available in Pasadena, California.
      35-45 N Arroyo Pkwy, Pasadena, CA 91103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    70 Raymond Ave
    Pasadena, CA 91103-3970
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    70 Raymond Ave, Pasadena, CA, 91103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!