87 Raymond AvePasadena, CA 91103
- Retail properties
- 47,086 SF
Property Details for 87 Raymond Ave
- Year built
- 1913
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.12 AC
- Property size (Sq ft)
- 47,086 SF
- Zone code
- PSC-
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 5723-022-008
- APU
- 5723022008
Description
This stunning 9-story, 62,300 square foot creative office building in Pasadena, Los Angeles County, presents a unique investment opportunity. Built in 1913 and extensively renovated in 2018, this Class B property boasts multiple available spaces ranging from 2,300 to 4,775 square feet. The building sits on a 5,344 square foot lot and features two elevators for convenient access to all nine floors. Each floor offers desirable features including concrete flooring, a kitchenette, and restrooms, along with direct stair and elevator access. Enjoy breathtaking views of Pasadena and the San Gabriel Mountains from your office. The building's upgraded common areas, lobby, and elevators enhance the overall aesthetic and functionality. This prime location offers unparalleled convenience, with hundreds of dining and shopping options within walking distance. The building's excellent neighbors include Osawa, Slaters 50/50, and Kaviar Sushi, adding to the vibrant atmosphere. Multiple floor plans are available, providing flexibility for various business needs. This is a rare chance to secure a prestigious office space in a highly sought-after location. The property's size and amenities make it ideal for a variety of businesses seeking a unique and inspiring work environment. The number of parking spaces is not specified.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $18,547,148
- 6.5%
- $17,120,446
- 7%
- $15,897,556
-
Comparable approach
- Method
- Valuation
- Relative Method
- $22,469,812
- Geo Method
- $22,563,762
-
Alternative Use
- Use
- Valuation
- Residential
- $14,441,736
- Hospitality
- $13,228,553
- Educational
- $11,006,000
- Medical
- $11,384,514
- Retail
- $17,120,446
Location Insight
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Latitude
- 34.1474
- Longitude
- -118.149
- 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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- Please email our support team at [email protected] and they will add the team member.
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