2713 Colorado BlvdPasadena, CA 91107

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 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.

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

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