560 Arroyo PkwyPasadena, CA 91105
- Retail properties
- 1,344 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].