1736 Sierra Bonita AvePasadena, CA 91104

  • Mixed-use properties
  • 1,920 SF
For Sale
$1,800,000 View listing

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
Mixed-use properties
Property subtype
Other investment properties
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1736 Sierra Bonita Ave, Pasadena, California

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

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
$10,790
$549,780
$316,200
$865,980
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