Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    87 E Green St Pasadena, CA 91105
    Property profile & analytics

    87 E Green St Pasadena, CA 91105

    View on Map
    • Investment properties
    • 18,750 SF
    • 0.14 lot acres
    For Lease
    $3,180,000
    View Listing →
    Pasadena Office Spaces Available For Lease
    $3,180,000
    3,222 SF

    Pasadena Office Spaces Available

    Office spaces for rent in Pasadena, ranging from 1,507-3,222 SqFt.

    87 E Green St, Pasadena, CA 91105
    View Listing
    Property ID
    US09-6388051
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fe Brand Films / Film Production / Television Studio
    • Barb Hauser Photography / (Bike/Boat/Book/etc) Store / Photography Service
    • Pasadena Dental Group / Dental Office
    • Dr. Dean Y. Mizuno, DDS / Dental Office
    • 711 Media / Marketing & Advertising / Advertising Agency

    Property Details for 87 E Green St

    Year built
    1908
    Construction
    TILT-UP CONCRETE
    Lot size
    0.14 lot acres
    Property size
    18,750 SF
    Zone code
    PSC-
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5722-029-017
    APU
    5722029017

    Description

    The Edison El Rey Building, located at 87 E Green St in Pasadena, CA 91105, offers exceptional creative office space for lease. This Los Angeles County property boasts a total of 8,189 square feet, with multiple tenancy options available. Currently, there are 6,469 square feet of vacant space ready for immediate occupancy. The building offers flexible layouts, with spaces ranging from a minimum of 1,065 square feet to a maximum contiguous space of 1,856 square feet. Ideal for businesses seeking a vibrant and inspiring work environment, this property is perfectly situated in Pasadena's dynamic urban core. The building's creative office subtype caters to companies that value unique and adaptable spaces. This is a fantastic opportunity to secure prime office space in a highly desirable location. The address is easily accessible and offers convenient access to local amenities and transportation. Interested parties are encouraged to inquire about available space and lease terms. Don't miss this chance to establish your business in this exceptional Pasadena property. The building is classified as an office building with multiple tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    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
    34.1447
    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
    $64,743
    $1,635,000
    $3,130,000
    $4,765,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,585,000
      19,125 SF

      48 Raymond Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 19,125 SF
      48 Raymond Ave, Pasadena, CA 91105-1935
      View Details
    • Value Estimation
      $16,550,000
      95,766 SF

      277 Grn St

      OFFICE/RESIDENTIAL (MIXED USE) • 95,766 SF
      277 Grn St, Pasadena, CA 91105-1845
      View Details
    • Value Estimation
      $5,750,000
      44,613 SF

      168 Grn St

      OFFICE/RESIDENTIAL (MIXED USE) • 44,613 SF
      168 Grn St, Pasadena, CA 91105-5000
      View Details
    • Value Estimation by Request
      993 SF

      115 Grn St

      OFFICE/RESIDENTIAL (MIXED USE) • 993 SF
      115 Grn St, Pasadena, CA 91105
      View Details
    • Value Estimation by Request
      1,914 SF

      119 Grn St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,914 SF
      119 Grn St, Pasadena, CA 91105-2027
      View Details
    • Value Estimation
      $1,190,000
      8,837 SF

      60 California Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 8,837 SF
      60 California Blvd, Pasadena, CA 91105-3203
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      978 SF

      Multi-Tenant Industrial Live/Work Space

      13,880 SF industrial building with warehouse and office space.
      55 Waverly Dr, Pasadena, CA 91105
      View Details
    • $11,000,000

      Prime Old Pasadena Corner Property

      Mixed-use retail and office building in the heart of Old Pasadena.
      50 S De Lacey Ave, Pasadena, CA 91105
      View Details
    • Contact for pricing
      13,880 SF

      Renovated 1925 Pasadena Office Building

      Redone office building with live-work unit and high occupancy.
      55 Waverly Dr, Pasadena, CA 91105
      View Details
    • Contact for pricing
      1,827 SF

      Retail Building on Parade Route

      Single-story retail building with high foot traffic in Pasadena, CA.
      30 E Colorado Blvd, Pasadena, CA 91105
      View Details
    • Contact for pricing

      Pasadena Office Building For Sale

      Pasadena office building with high visibility and ample parking.
      701-727 Fair Oaks Ave, Pasadena, CA 91105
      View Details
    • Contact for pricing

      Pasadena Restaurant Space For Sale

      Prime, fully built-out restaurant space in historic Pasadena location.
      260 S Raymond Ave, Pasadena, CA 91105
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Pasadena Medical/Office Space For Rent

      Medical/office space near Huntington Hospital, Pasadena. Easy freeway access.
      675 S Arroyo Pkwy, Pasadena, CA 91105
      View Details
    • Contact for pricing

      Creative Office Space Pasadena

      Second floor creative office space available in Old Town Pasadena.
      144 W Colorado Blvd, Pasadena, CA 91105
      View Details
    • $3 SF/Yr

      Colorado Boulevard Office Suite

      Office suite with balcony overlooking Colorado Blvd in Old Pasadena.
      36 West Colorado Blvd, Pasadena, CA 91105
      View Details
    • Contact for pricing

      Pasadena Office Space For Lease

      Office spaces available in historic Old Town Pasadena building.
      488 S Fair Oaks Ave, Pasadena, CA 91105
      View Details
    • Contact for pricing
      1,479 SF

      Pasadena Office Spec Suite Available

      Second floor office space available for rent in Pasadena.
      50 Alessandro Pl, Pasadena, CA 91105
      View Details
    • $1,200 /Mo

      Old Town Pasadena Office Space

      Upscale office space near Keck USC hospital development in Pasadena.
      488 S Fair Oaks Ave, Pasadena, CA 91105
      View Details
    View Listing
    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.
    87 E Green St
    Pasadena, CA 91105
    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
    87 E Green St, Pasadena, CA, 91105
    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!