234 El Molino AvePasadena, CA 91101

  • Office properties
  • 5,012 SF
For Sale
$2,800,000 View listing

Property Details for 234 El Molino Ave

Year built
1982
Construction
WOOD
Lot size
0.24 AC
Property size (Sq ft)
5,012 SF
Zone code
PSC-
Property type
Office properties
Property subtype
Office buildings
APN
5723-009-014
APU
5723009014

Description

This exceptional two-story office building presents a unique investment opportunity in Pasadena's coveted Playhouse District. Boasting 5,012 square feet of versatile space, this property is ideal for businesses seeking a creative and inspiring work environment. The building's design fosters productivity and collaboration, making it perfect for a variety of uses. Situated on a substantial 10,446 square foot lot, ample parking is readily available, a significant advantage in this vibrant area. Its prime location offers exceptional visibility and accessibility, with easy access to major thoroughfares and public transportation. The Playhouse District's dynamic atmosphere and cultural richness provide a stimulating backdrop for any business. This property offers a rare combination of size, location, and amenities, making it an outstanding investment opportunity for discerning buyers. The expansive lot allows for potential future expansion or outdoor amenities. Don't miss the chance to secure this exceptional property in a highly sought-after location. The property is priced at $2,598,880.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,343,010
    6.5%
    $1,239,701
    7%
    $1,151,151
  • Comparable approach

    Method
    Valuation
    Relative Method
    $949,114
    Geo Method
    $953,082
  • Alternative Use

    Use
    Valuation
    Residential
    $1,537,229
    Hospitality
    $1,408,094
    Educational
    $1,171,518
    Medical
    $1,211,808
    Retail
    $1,822,361
234 El Molino Ave, Pasadena, California

Location Insight

City
Pasadena
County
Los Angeles
State
California
Latitude
34.15
Longitude
-118.137
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
$9,348
$157,443
$540,004
$697,447
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FAQs

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