438 Pasadena AvePasadena, CA 91105

  • Office properties
  • 733 SF
For Lease
$3.60/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
438 Pasadena Ave, Pasadena, California

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

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
$5,330
$324,960
$102,128
$427,088
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FAQs

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