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Property profile & analytics
OFF-MARKET
Medical Office Space
988 Washington Blvd Pasadena, CA 91104-2438
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US09-6462966
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1921
Construction
WOOD
Total area
1,080 SF
Lot
0.12 ac (5,348 SF)
Zoning code
PSC
APN
5740-002-028
UPID
US09-6462966
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
-
Der Gregorian R DDS Dental Office
-
Dr. Daudian and Associates Dental Office
-
Pasadena CPR | CPR Classes Training Center Vocational School
-
American Dental & Medical Institute Dental Office Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mehran Daoudian · 20 yrs held
Mehran Daoudian
since 2006
4 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
—
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
$9,015
Tax year 2024
Assessed value
$739,760
Assessed 2024
Previous assessed
$739,760
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$587,354
Assessed improvement
$152,406
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1921
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Bathrooms
1
Total area
1,080 SF
Lot
0.12 ac (5,348 SF)
Zoning code
PSC
APN
5740-002-028
UPID
US09-6462966
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
1921
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Mehran Daoudian
Individual
Mailing address
988 E WASHINGTON BLVD, PASADENA, CA 91104-2438
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2006
$548,000
Mehran Daoudian
Norberto Cuellar
Grant Deed
$417,000 · Americas Wholesale Lender
Feb 21, 2006
$585,000
Norberto Cuellar
Janda,vikramjeet S
Grant Deed
$517,500 · Downey S & L (wholesale)
Apr 1, 2005
—
Vikramjeet S Janda
Janda,sarabreet K
Quit Claim Deed
related
—
Apr 1, 2005
$570,000
Singh Janda Vikramjeet
Ronald W Rose
Grant Deed
$336,000 · Washington Mutual Bank Fa
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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