234 El Molino AvePasadena, CA 91101

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,522,080

  6.5%

  $1,404,990

  7%

  $1,304,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $949,114

  Geo Method

  $953,082

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,743,020

  Retail / Commercial

  $1,411,130

  Mixed-Use / Specialty

  $1,409,660

  Hospitality / Lodging

  $1,038,860

  Institutional / Educational

  $1,466,750

  Residential Income

  $1,716,100

  Multifamily

  $2,038,450

  Automotive / Energy

  $1,257,210

  Parking / Income-Based Land

  $430,331

  Restaurant / Food Service

  $740,776

  Healthcare / Senior Housing

  $1,441,930

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

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