625 Fair Oaks AveSouth Pasadena, CA 91030

  • Office properties
  • 87,236 SF
For Lease
$30/SF/YR View listing

Property Details for 625 Fair Oaks Ave

Year built
1987
Construction
TILT-UP CONCRETE
Lot size
2.62 AC
Property size (Sq ft)
87,236 SF
Zone code
SPP*
Property type
Office properties
Property subtype
Office buildings
APN
5315-001-072
APU
5315001072

Description

This exceptional Class A office building, located at 625 Fair Oaks Ave in South Pasadena, CA 91030, offers a rare opportunity to lease premium space. The property boasts a total of 92,000 square feet, situated on a substantial 114,127 square foot lot. Currently, there is 7,721 square feet of immediately available space, ideal for a variety of uses. The building's designation as both Executive and Medical Office space makes it highly versatile, catering to a broad range of professional tenants. The multiple tenancy structure ensures a vibrant and collaborative environment. Its prime location in South Pasadena provides excellent access to major transportation arteries and a thriving local community. The building's Class A designation reflects its high-quality construction, modern amenities, and sophisticated design. This is an unparalleled chance to secure a prestigious office space in a highly desirable Southern California location. The available 7,721 square feet presents a unique opportunity for expansion or relocation for businesses seeking a sophisticated and functional workspace. Don't miss this chance to establish your presence in this exceptional South Pasadena property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $23,375,654
    6.5%
    $21,577,526
    7%
    $20,036,274
  • Comparable approach

    Method
    Valuation
    Relative Method
    $16,519,726
    Geo Method
    $16,588,798
  • Alternative Use

    Use
    Valuation
    Residential
    $26,756,134
    Hospitality
    $24,508,474
    Educational
    $20,390,762
    Medical
    $21,092,032
    Retail
    $31,718,964
625 Fair Oaks Ave, South Pasadena, California

Location Insight

City
South Pasadena
County
Los Angeles
State
California
Latitude
34.1181
Longitude
-118.151
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$417,303
$11,155,189
$23,091,242
$34,246,431
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