2713 Colorado BlvdPasadena, CA 91107

  • Retail properties
  • 3,674 SF
For Sale
$5,200,000 View listing

Property Details for 2713 Colorado Blvd

Year built
1978
Construction
TILT-UP CONCRETE
Lot size
0.28 AC
Property size (Sq ft)
3,674 SF
Zone code
PSC*
Property type
Retail properties
Property subtype
Retail space
APN
5748-008-009
APU
5748008009

Description

This exceptional Pasadena investment opportunity presents a 3,674 square foot multi-tenant retail building situated at the signalized intersection of San Gabriel Boulevard and Colorado Boulevard. The property features a diverse tenant mix, anchored by a corporate-owned 7-Eleven, ensuring consistent revenue generation. A thriving health spa and a billboard lease further diversify income streams, mitigating risk and maximizing returns. The 100% occupancy rate underscores the property's strong performance and desirability. The building is classified as Class C, with a Net Lease (NNN) structure. The 0.284-acre lot offers high visibility and accessibility in a high-traffic area. The asking price is $5,200,000, translating to $1,415.35 per square foot. The property's prime location, combined with its stable and diverse tenancy, makes it an attractive investment for those seeking a reliable and consistent income stream. The billboard lease includes a rent escalation clause every five years, providing additional long-term growth potential. This is a rare opportunity to acquire a well-performing retail property in a desirable Pasadena location with a strong anchor tenant and diversified income streams. The property's APN is 5748-008-009. This multi-tenant building offers a secure investment with a proven track record of success.

2713 Colorado Blvd, Pasadena, California

Location Insight

City
Pasadena
County
Los Angeles
State
California
Latitude
34.1464
Longitude
-118.094
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
$43,255
$3,575,431
$240,359
$3,815,790
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