560 Arroyo PkwyPasadena, CA 91105

Property Details for 560 Arroyo Pkwy

Year built

1940

Lot size

0.14 AC

Property size (Sq ft)

1,344 SF

Zone code

PSC-

Property type

Retail space

APN

5722-016-019

APU

5722016019

Description

This exceptional mixed-use investment property, located at the highly visible northeast corner of S Arroyo Parkway and E California Blvd in Pasadena, CA (91105), presents a unique redevelopment opportunity. The property encompasses two parcels totaling 18,731 square feet, with a combined 11,768 square feet of existing commercial building space spread across two buildings and two stories. Six units are currently in place. The property boasts an enviable location at one of Pasadena's busiest intersections, experiencing approximately 88,000 vehicles daily. This prime location offers unparalleled visibility and accessibility along two major arterial roads. The asking price is $4,200,000, translating to $356.90 per square foot. The property is offered fee simple and features short-term leases, providing flexibility for owner-users or investors seeking various leasing or redevelopment options. The property has been under the same ownership for over 50 years, making this a rare chance to acquire a truly iconic Pasadena site. APN: 5722-016-019 & 5722-016-037.

• CAP approach

  CAP return

  Valuation

  6%

  $529,401

  6.5%

  $488,678

  7%

  $453,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $641,367

  Geo Method

  $644,049

• Alternative Use

  Use

  Valuation

  Residential

  $412,218

  Hospitality

  $377,589

  Educational

  $314,150

  Medical

  $324,954

  Retail

  $488,678

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1361

Longitude

-118.147

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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