1736 Sierra Bonita AvePasadena, CA 91104

Property Details for 1736 Sierra Bonita Ave

Year built

1914

Construction

WOOD

Lot size

0.25 AC

Property size (Sq ft)

1,920 SF

Zone code

LCR2VV

Property type

Investment properties

Property subtype

Live-work space

APN

5851-003-003

APU

5851003003

Description

This exceptional Pasadena investment property presents a rare opportunity to acquire a mixed-use portfolio encompassing three buildings on two lots totaling 13,973 square feet. The property is situated on a 0.32-acre lot at 1736 Sierra Bonita Avenue and offers significant development potential. The front portion of the property, zoned C2, features two commercial buildings totaling 3,146 square feet (1,008 SF and 2,138 SF), suitable for a variety of uses including medical, dental, or professional offices, retail spaces (restaurants, bakeries, clothing stores, etc.), or a combination thereof. The rear of the property, zoned R2, includes a fully remodeled 912-square-foot, three-bedroom, two-bathroom craftsman single-family home. Preliminary research indicates the potential to construct up to five additional residential units, including junior ADUs and detached ADUs, on this portion of the property. All buildings can be delivered vacant at closing, providing immediate flexibility for the new owner. This unique property offers the chance to establish a thriving business while simultaneously generating substantial rental income from residential units, maximizing investment returns. The property's location within a residential neighborhood ensures a built-in customer base for commercial ventures. The combination of commercial and residential zoning provides unparalleled versatility and potential for future development and profit. This is a truly exceptional opportunity for a savvy investor seeking a high-return, mixed-use investment in a desirable Pasadena location. The asking price is $1,800,000.

• CAP approach

  CAP return

  Valuation

  6%

  $612,414

  6.5%

  $565,305

  7%

  $524,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $442,774

  Geo Method

  $365,107

• Alternative Use

  Use

  Valuation

  Residential

  $700,978

  Hospitality

  $642,092

  Educational

  $534,213

  Medical

  $552,586

  Retail

  $830,998

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.176

Longitude

-118.118

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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