42 De Lacey AvePasadena, CA 91103

Property Details for 42 De Lacey Ave

Year built

1927

Construction

TILT-UP CONCRETE

Lot size

0.18 AC

Property size (Sq ft)

7,670 SF

Zone code

PSC-

Property type

Retail properties

Property subtype

Retail space

APN

5713-007-017

APU

5713007017

Description

This exceptional retail or restaurant opportunity is located at 42 S De Lacey Ave in the heart of Old Pasadena, California. The property, built in 1927 and renovated in 2003, offers a total of 16,026 square feet across a single suite, with 8,013 square feet currently available for lease. This presents a unique chance to establish a presence in a vibrant and highly sought-after area. The building's rich history blends seamlessly with modern amenities, creating a desirable space for a variety of businesses. The location within Old Pasadena ensures high foot traffic and visibility, benefiting from the area's strong reputation and established clientele. Parking is conveniently provided via city parking options. The property is classified as Commercial, with a Multiple Tenancy designation, indicating potential for future expansion or subleasing. This single-suite building is situated in Los Angeles County, zip code 91103, offering easy access to major transportation routes and a thriving community. The substantial square footage provides ample space for a large-scale operation or the potential to be divided for multiple tenants. This is a rare opportunity to secure a prominent location in one of Southern California's most desirable commercial districts.

• CAP approach

  CAP return

  Valuation

  6%

  $3,021,209

  6.5%

  $2,788,808

  7%

  $2,589,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,660,185

  Geo Method

  $3,675,488

• Alternative Use

  Use

  Valuation

  Residential

  $2,352,464

  Hospitality

  $2,154,844

  Educational

  $1,792,805

  Medical

  $1,854,462

  Retail

  $2,788,808

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.145

Longitude

-118.152

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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