438 Pasadena AvePasadena, CA 91105

Property Details for 438 Pasadena Ave

Year built

1926

Construction

WOOD

Lot size

0.04 AC

Property size (Sq ft)

733 SF

Zone code

PSC-

Property type

Office buildings

APN

5713-035-001

APU

5713035001

Description

This stunning 733-square-foot free-standing executive office building, located at 438 S Pasadena Ave in Pasadena, CA 91105, presents a unique opportunity. Built in 1926 and extensively renovated in 2015, the property seamlessly blends historic charm with contemporary functionality. The single-tenant occupancy offers complete privacy and control. The building boasts a total of 733 square feet of usable space, all currently vacant and ready for immediate occupancy. One convenient parking space is included. Situated in Los Angeles County, this property benefits from its prime location in Pasadena, offering easy access to major transportation routes and local amenities. The updated interior provides a professional and efficient workspace, ideal for a small business or executive seeking a prestigious address. The property's unique character and modern upgrades make it an exceptional investment opportunity. This is a single-tenant building, ensuring a streamlined and straightforward leasing experience. The building's 1926 construction provides a unique architectural aesthetic, while the 2015 renovation guarantees modern functionality and comfort. Don't miss this chance to secure this exceptional executive office space in the heart of Pasadena.

• CAP approach

  CAP return

  Valuation

  6%

  $196,414

  6.5%

  $181,305

  7%

  $168,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $138,807

  Geo Method

  $139,387

• Alternative Use

  Use

  Valuation

  Residential

  $224,818

  Hospitality

  $205,932

  Educational

  $171,333

  Medical

  $177,226

  Retail

  $266,518

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1382

Longitude

-118.154

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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