2151 Colorado BlvdPasadena, CA 91107

Property Details for 2151 Colorado Blvd

Year built

1926

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

1,420 SF

Zone code

PSC*

Property type

Retail properties

Property subtype

Auto shops

APN

5746-008-074

APU

5746008074

Description

This exceptional 2,800 square foot retail space is ideally situated on a hard corner at 2151 E Colorado Blvd in Pasadena, California (91107). The property boasts a prominent location with high visibility and accessibility, making it an excellent opportunity for a variety of businesses. The building is a single-story Class B structure situated on a substantial 13,579 square foot lot. Its EC-MU-G zoning allows for multiple uses. The property is currently available for lease as a multi-tenant space. Its prime location on Colorado Boulevard places it in the heart of Pasadena, benefiting from significant foot and vehicle traffic. The area is known for its concentration of automotive-related businesses, further enhanced by the proximity to a newly approved Genesis dealership. Easy access to the 210 Freeway provides convenient transportation links. This is a rare opportunity for an owner-user to establish a presence in a thriving Pasadena commercial corridor. The APN is 5746-008-074. Don't miss this chance to secure a highly visible and strategically located retail space in a dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $628,985

  6.5%

  $580,602

  7%

  $539,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $773,310

  Geo Method

  $680,469

• Alternative Use

  Use

  Valuation

  Residential

  $489,759

  Hospitality

  $448,617

  Educational

  $373,244

  Medical

  $386,080

  Retail

  $580,602

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1465

Longitude

-118.106

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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