1130 Colorado BlvdPasadena, CA 91106

Property Details for 1130 Colorado Blvd

Year built

1952

Lot size

0.23 AC

Property size (Sq ft)

10,000 SF

Zone code

PSC*

Property type

Retail properties

Property subtype

Parking lots & garages

APN

5735-012-003

APU

5735012003

Description

This exceptional retail property, located at 1130 Colorado Boulevard in Pasadena, California, presents a compelling investment opportunity. The property boasts a substantial 24,076 square feet of improved space situated on a sizable 0.87-acre lot (60,092 square feet). Its prime location along the highly trafficked Colorado Boulevard ensures exceptional visibility and accessibility, attracting a large volume of potential customers. The property benefits from its position within a vibrant and thriving Pasadena community, close to major transportation arteries, ensuring convenient access for both employees and customers. The property has a proven track record of consistent rental income, demonstrating its strong market position and potential for future growth. This makes it an attractive proposition for investors seeking a stable, high-return investment in a desirable location. The substantial size of the property offers significant flexibility for a variety of retail uses, or potential for future development, subject to local zoning regulations. The robust local economy and increasing demand for commercial space in Pasadena further enhance the long-term investment potential of this remarkable property. This is a rare opportunity to acquire a significant retail asset in a highly sought-after area of Pasadena. The property's size, location, and proven income stream combine to create a compelling investment case.

• CAP approach

  CAP return

  Valuation

  6%

  $3,938,994

  6.5%

  $3,635,995

  7%

  $3,376,281

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,772,079

  Geo Method

  $4,792,032

• Alternative Use

  Use

  Valuation

  Residential

  $3,067,098

  Hospitality

  $2,809,445

  Educational

  $2,337,425

  Medical

  $2,417,813

  Retail

  $3,635,995

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1455

Longitude

-118.127

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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