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Property profile & analytics
FOR LEASE
Investment properties
87 E Green St Pasadena, CA 91105
Entity Owned
11-yr Hold
Free & Clear
Property ID
US09-6388051
For Lease
1 / 34
$3,180,000
87 E Green St, Pasadena, CA 91105
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1908
Construction
TILT-UP CONCRETE
Total area
18,750 SF
Lot
0.14 ac (6,258 SF)
Zoning code
PSC-
APN
5722-029-017
UPID
US09-6388051
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.18M
Owner & transaction history
Edison El Rey LLC · 11 yrs held
Edison El Rey LLC
since 2014
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$170 / 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
$64,743
Tax year 2024
Assessed value
$4,765,000
Assessed 2024
Previous assessed
$4,765,000
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,635,000
Assessed improvement
$3,130,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1908
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Total area
18,750 SF
Lot
0.14 ac (6,258 SF)
Zoning code
PSC-
APN
5722-029-017
UPID
US09-6388051
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC- · Pasadena, CA
Zoning PSC- · permitted uses
PSC- · 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.
Building & site characteristics
From public records
Year built
1908
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Lot
0.14 ac
Current owner
From public records · entity-resolved
Edison El Rey LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 480314, LOS ANGELES, CA 90048-1314
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2018
—
Edison El Rey LLC
—
Grant Deed
related
$12,750,000 · Grandpoint Bk
Jul 31, 2014
—
Edison El Rey LLC
Hsr Pasadena III LLC
Grant Deed
—
Mar 2, 2012
$8,600,000
Hsr Pasadena III LLC
Edison Of El Rey LP
Grant Deed
$7,350,000 · Rait Partnership LP
Dec 27, 1994
—
Edison/el Rey LP
—
Deed Of Trust
related
$2,178,306 · Western Bank
Aug 12, 1988
$2,250,000
El Rey Edison
Unknown
Grant Deed
—
—
—
El Rey L Edison
—
Deed Of Trust
related
$330,892 · Individual
—
—
El Rey L Edison
—
Deed Of Trust
related
$2,287,500 · Western Bank
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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