32 Sierra Madre BlvdPasadena, CA 91107

Property Details for 32 Sierra Madre Blvd

Year built

1952

Construction

TILT-UP CONCRETE

Lot size

0.62 AC

Property size (Sq ft)

20,460 SF

Zone code

PSC*

Property type

Retail properties

Property subtype

Other retail properties

APN

5746-002-033

APU

5746002033

Description

This exceptional commercial property, located at 32 N Sierra Madre Blvd in Pasadena, offers a unique sublease opportunity extending through July 30, 2029. The 20,944 square foot building sits on a 26,962 square foot lot and features a Class B designation. The two-story structure boasts a flexible layout ideal for a variety of uses, including office, retail, and warehouse operations. Its prime location offers unparalleled access to the 210 Freeway and the Metro Gold Line, providing convenient transportation links. The property benefits from its proximity to numerous national retailers such as Vons, Starbucks, Home Depot, and Target, enhancing its visibility and appeal. The building's position near the intersection of Sierra Madre Boulevard and Colorado Boulevard, the route of the Tournament of Roses Parade, adds to its unique character and high visibility. The zoning designation is EPSP-d1-CG, and the Los Angeles County APN is 5746-002-033. This property presents a rare opportunity for an investor or owner-user seeking a versatile space in a thriving area experiencing significant real estate development. The open and adaptable floor plan allows for customization to suit specific business needs, making it an attractive option for a range of commercial enterprises. The property's location offers excellent potential for increased value due to the ongoing revitalization of East Pasadena. This sublease presents a compelling investment opportunity with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $9,555,857

  6.5%

  $8,820,791

  7%

  $8,190,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,836,954

  Geo Method

  $9,804,497

• Alternative Use

  Use

  Valuation

  Residential

  $7,440,668

  Hospitality

  $6,815,612

  Educational

  $5,670,508

  Medical

  $5,865,526

  Retail

  $8,820,791

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1469

Longitude

-118.101

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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