Property profile

943 Raymond Ave Pasadena, CA 91105

OFF-MARKET
Manufacturing properties
Property ID
US09-9600676
7,960 SF 0.26 ac lot Built 1987
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1987
Construction TILT-UP CONCRETE
Total area 7,960 SF
Lot 0.26 ac (11,131 SF)
Zoning code PSM-
APN 5720-005-008
UPID US09-9600676

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

943 Raymond Ave Pasadena, CA 91105-3225
Pasadena metro Census 464000 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.84M
Blend (final) Blend
$4.20M

Owner & transaction history

since 2024
Last sale
$4.2M
5 recorded transactions
2024
$4.2M
2020
Price N/A
2020
$3.5M
2019
Price N/A
2002
$600,000

Zoning & alternative use

PSM- · Pasadena, CA
Top alternative use upside
Restaurant $5.6M +65.7%
Neighborhood: shopping center $4.8M +44.1%
Office building $4.5M +33.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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