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Property profile & analytics
OFF-MARKET Estimated value $1,285,000
Office buildings

940 Un St Pasadena, CA 91106-1778

2,924 SF 0.06 ac lot Built 2003
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US09-6917983
Property summary
AI-generated overview

This exceptional two-story Spanish-style office building, situated on a prominent corner lot in Pasadena's desirable South Lake Business District, presents a unique investment opportunity. Built in 2003, the property boasts approximately 2,924 square feet of space, as per the assessor's records, and sits on a 4,913 square foot lot (assessor's data). The building is classified as Class B office space and offers a compelling blend of aesthetic appeal and functional design. Its 2,216 square feet of usable space is complemented by six on-site parking spaces—a rare find in this highly sought-after location. The building's design incorporates operable windows, providing abundant natural light and panoramic views in all directions. Its prime location near Colorado Blvd and Lake Ave ensures easy access to a wealth of amenities. With a Walk Score of 97, this property is a true "Walkers Paradise," offering unparalleled convenience. Currently generating income, this property is ideal for owner-users seeking a prestigious and highly accessible location for their business operations. The building's Spanish architectural style adds to its unique charm and character, making it a standout property in the heart of downtown Pasadena. This is a rare opportunity to acquire a well-maintained, income-producing office building in a thriving urban environment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2003
Construction WOOD
Total area 2,924 SF
Lot 0.06 ac (2,507 SF)
Zoning code PSC-
APN 5738-008-040
UPID US09-6917983
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
  • Inga Simonian, PhD Psychology Group, Inc. Physician Medical Clinic
  • Serious Development Tech Support Center (Bike/Boat/Book/etc) Store
  • Lilit Melik-Bakhshyan Marriage Or Relationship Counselor
  • Telehealth Therapy in California - Erica Basso, LMFT Psychotherapist Service Establishment
  • A Place to Turn, Marriage and Family Counseling A Professional Corporation Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.48M
CAP Approach CAP
$1.03M
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$1.29M
Owner & transaction history
Rosy Mischief LLC · 1 yrs held
Rosy Mischief LLC
since 2025
Last sale
$1.3M
5 recorded transactions
2025
$1.3M
2025
Price N/A
2007
Price N/A
2006
Price N/A
1989
$270,000
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.8M +8.4%
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