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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Office buildings
929 California Blvd Pasadena, CA 91106-4007
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0241989
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
WOOD
Total area
2,529 SF
Lot
0.27 ac (11,685 SF)
Zoning code
PSC-
APN
5327-002-008
UPID
US10-0241989
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
-
Berkshire Hathaway HomeServices California Properties: Pasadena Annex Office Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Ddi-540 S Lake LLC · 9 yrs held
Ddi-540 S Lake LLC
since 2017
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
Method
Estimation
Statistic approach
by Request
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$825,000
Blend value · Realmo final
$640k
Range $576k – $704k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$253 / 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
$51,522
Tax year 2024
Assessed value
$4,437,530
Assessed 2024
Previous assessed
$4,437,530
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,048,091
Assessed improvement
$2,389,439
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,529 SF
Lot
0.27 ac (11,685 SF)
Zoning code
PSC-
APN
5327-002-008
UPID
US10-0241989
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
1999
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Ddi-540 S Lake LLC
Entity
Mailing address
87 N RAYMOND AVE #517, PASADENA, CA 91103-3932
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2018
—
Ddi-540 S Lake LLC
—
Grant Deed
related
$6,500,000 · East West Bk
Mar 20, 2017
$15,500,000
Ddi-540 S Lake LLC
540 South Lake Ave LLC
Trustees Deed
$7,750,000 · Private Individual
Jan 8, 2013
—
540 South Lake Ave LLC
—
Deed Of Trust
related
$3,100,000 · Genworth Life & Annuity Ins Co
Feb 26, 2009
—
540 South Lake Avenue LLC
—
Deed Of Trust
related
$2,500,000 · Pacific Western Bank
Jan 5, 1999
—
540 South Lake Ave LLC
—
Deed Of Trust
related
—
Oct 7, 1997
—
Stephen Zimmerman
—
Grant Deed
related
$2,100,000 · Preferred Bank
Jun 7, 1996
—
Stephen Zimmerman
—
Deed Of Trust
related
—
May 17, 1994
—
John F Et Al Trs Davis
—
Deed Of Trust
related
—
Aug 5, 1992
—
P O C Associates L P
—
Deed Of Trust
related
—
—
—
Stephen Zimmerman
—
Deed Of Trust
related
$250,000 · Preferred 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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