560 Arroyo PkwyPasadena, CA 91105

  • Retail properties
  • 1,344 SF
For Sale
$4,200,000 View listing

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
560 Arroyo Pkwy, Pasadena, California

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

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
$16,266
$900,000
$500,000
$1,400,000
-
-
-
-

FAQs

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