234 El Molino AvePasadena, CA 91101
- Office properties
- 5,012 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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