650 Sierra Madre Villa AvePasadena, CA 91107

Property Details for 650 Sierra Madre Villa Ave

Year built

1979

Lot size

0.87 AC

Property size (Sq ft)

26,130 SF

Zone code

PSC*

Property type

Office buildings

APN

5752-026-001

APU

5752026001

Description

This exceptional three-story office building, totaling 10,854 square feet, is situated in the desirable Hastings Ranch submarket of Pasadena, California. Built in 1980 and extensively renovated in 2021, the Class B property offers a modern and functional workspace. The building features one elevator and ample parking with 73 spaces available, including surface parking at $25/month and covered parking at $75/month. The entire 10,854 square feet is currently vacant and divisible into spaces ranging from a minimum of 1,395 square feet to a maximum contiguous space of 5,407 square feet, providing flexibility for various business needs. Located at 650 Sierra Madre Villa Ave, Pasadena, CA 91107 (APN 5752-026-001), this property boasts convenient freeway access and a secure environment with 24/7 access. Additional amenities include updated blinds in all units and a spacious, Wi-Fi enabled patio. The property sits on a 0.92-acre lot in Los Angeles County, offering a blend of modern convenience and a desirable location. This is a rare opportunity to lease a fully renovated, move-in ready office building in a highly sought-after area. The building's traditional office layout is ideal for a variety of businesses seeking a comfortable and productive work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $8,366,996

  6.5%

  $7,723,381

  7%

  $7,171,711

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,052,814

  Geo Method

  $4,968,881

• Alternative Use

  Use

  Valuation

  Residential

  $9,576,993

  Hospitality

  $8,772,474

  Educational

  $7,298,596

  Medical

  $7,549,605

  Retail

  $11,353,370

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1574

Longitude

-118.081

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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