2495-2499 E Colorado Blvd | Pasadena, CA 91107
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- LoopNet Team
2495-2499 E Colorado Blvd
Pasadena, CA 91107
Pasadena Mixed-Use Value-Add Opportunity · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare Colorado Boulevard True Value-Add Opportunity.| Potential Proforma Return of Over 5.6% with in Place Return of 2.98%
- Signalized Hard Corner Taking Advantage of the Major Intersection of Colorado Boulevard and Altadena Drive.
- Incredible Owner-User Potential for SBA Loan Approval with 60% Vacancy on Ground Floor
- Current Occupied Apartment Rents are 30-40% Below Market.
- Immediate Upside Through Current Retail Vacancies Recently Renovated Apartment and Retail Units – All Individually Metered.
- Over 475,000 People in a 5-Mile Radius with an Average Household Income of $128,383
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
12,099 SF
Building Class
C
Year Built
1928
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.11
Lot Size
0.25 AC
Zoning
PSC* - Commercial
Parking
12 Spaces (0.25 Spaces per 1,000 SF Leased)
Frontage
60’ on Colorado Blvd.
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 5746-001-028 | Improvements Assessment | $130,338 |
| Land Assessment | $738,643 | Total Assessment | $868,981 |
PROPERTY TAXES
Parcel Number
5746-001-028
Land Assessment
$738,643
Improvements Assessment
$130,338
Total Assessment
$868,981
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