35 Glenarm StPasadena, CA 91105

Property Details for 35 Glenarm St

Year built

1966

Construction

TILT-UP CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

4,730 SF

Zone code

PSM*

Property type

Office properties

Property subtype

Office buildings

APN

5720-006-018

APU

5720006018

Description

This exceptional single-story office building, located at 35 E Glenarm St in Pasadena, CA, presents a compelling investment opportunity. The 4,730 square foot building sits on a 9,479 square foot lot and boasts a desirable location within the Fair Oaks Medical Corridor, adjacent to Huntington Memorial Hospital. Currently owner-occupied, this Class B property offers significant potential for conversion into a medical office building (MOB). The property features 12 surface parking stalls (2.54 per 1,000 square feet), providing ample parking for staff and clients. Its strategic location offers easy access to major freeways (110, 210, and 134) and is within walking distance of the Metro Gold Line, ensuring convenient commuting options. The asking price is $4,880,000, translating to $1,031.71 per square foot. The property is zoned SFO-MU-C and is offered fee simple. This presents a rare chance to acquire a well-situated property in a thriving medical area with high growth potential. The building's existing infrastructure and prime location make it an ideal candidate for immediate occupancy or strategic redevelopment. Don't miss this chance to own a piece of Pasadena's vibrant medical corridor. APN: 5720-006-018.

• CAP approach

  CAP return

  Valuation

  6%

  $1,267,445

  6.5%

  $1,169,949

  7%

  $1,086,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $895,712

  Geo Method

  $899,457

• Alternative Use

  Use

  Valuation

  Residential

  $1,450,737

  Hospitality

  $1,328,868

  Educational

  $1,105,602

  Medical

  $1,143,626

  Retail

  $1,719,826

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1278

Longitude

-118.15

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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