2234 Colorado BlvdPasadena, CA 91107

For Sale
$5,300,000
Prime Pasadena location, owner-user opportunity

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional three-story, 9,279 square foot Class B office building in Pasadena, CA, presents a unique owner-user investment opportunity. Located on the prestigious Colorado Boulevard, this 1983-constructed property boasts a highly desirable address along the Rose Parade route, offering unparalleled access to world-class shopping, dining, and entertainment. The building features a thoughtfully designed layout with ample parking (3 spaces per 1,000 square feet) conveniently situated on both sides, accessible via a central breezeway. Overflow parking is available through a neighboring church, presenting potential for future medical office conversion. With a net rentable area of 8,156 square feet, the asking price is $5,300,000, translating to $571.18 per square foot. The property sits on a 0.23-acre lot and benefits from a Walk Score of 90, placing it in a "Walkers Paradise" within easy reach of Old Pasadena, the South Lake Financial District, and the Playhouse District. Its prime location at the intersection of East Colorado Boulevard and Sierra Madre Boulevard provides excellent visibility and accessibility, with over 21,000 cars passing daily, and convenient access to the I-210 Freeway and the Metro Gold Line. The building's location within a strong neighborhood office market, characterized by limited supply and low vacancy rates, further enhances its investment appeal. The potential to leverage the property's location for Rose Parade events or generate additional revenue through parking rentals adds to its overall value proposition. This is a rare chance to acquire a well-maintained, centrally located office building in one of Pasadena's most sought-after areas.

Highlights

  • Exceptional owner-user opportunity: 9,279 SF Class B office building in Pasadena, CA, on prestigious Colorado Blvd, asking $5,300,000 ($571.18/SF).
  • High Walk Score of 90, near Old Pasadena, South Lake Financial District, and Playhouse District. Excellent visibility and access to I-210 Freeway and Metro Gold Line.
  • High traffic count (21,000+ cars daily) at the East Colorado & Sierra Madre Blvd intersection. Potential for Rose Parade event revenue and parking rental income.
  • Strong neighborhood office fundamentals: Low vacancy (3.8%), limited supply of comparable buildings (approx. 1,300 SF available). Ample parking (3 spaces/1,000 SF) with overflow available.

Property Details for 2234 Colorado Blvd

Property type
Office properties
Square Feet
9,279 SF
Class
B
Year Built
1983
Buildings
1
Stories
3
Lot Size (sq. ft)
10,019 SF

Location Insight

City
Pasadena
County
Los Angeles
State
California
Latitude
34.1457199
Longitude
-118.1042667
2234 Colorado Blvd, Pasadena, California

FAQs

What type of property is this?
Office property - Prime Pasadena location, owner-user opportunity
Where is the office property located?
The property is located at 2234 Colorado Blvd Pasadena, CA.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Exceptional owner-user opportunity: 9,279 SF Class B office building in Pasadena, CA, on prestigious Colorado Blvd, asking $5,300,000 ($571.18/SF).; High Walk Score of 90, near Old Pasadena, South Lake Financial District, and Playhouse District. Excellent visibility and access to I-210 Freeway and Metro Gold Line.; High traffic count (21,000+ cars daily) at the East Colorado & Sierra Madre Blvd intersection. Potential for Rose Parade event revenue and parking rental income.
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2234 Colorado Blvd
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