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3853 E Colorado Blvd 0.52 Acres of Commercial Land Offered at $4,500,000 in Pasadena, CA 91107
Executive Summary
DS Real Estate is pleased to present for sale a double lot investment opportunity located in East Pasadena (unincorporated LA County). 3853 E Colorado consists of a 17 unit motel + manager's apartment and 3842 E Walnut consists of a triplex that is currently being used as an office for the motel. 3853 E Colorado is situated on a 10,492 sqft lot and is zoned MXD, or Mixed Use Development Zone which allows for a mixture of residential, commercial, and limited light industrial uses and buildings in close proximity to bus and rail transit stations. 3842 E Walnut is situated on a 12,323 sqft lot zoned C-2, or Neighborhood Commercial. Plenty of flexibility for a savvy investor: continue running as a motel or convert both parcels to your personal needs. Potential to add additional motel units to both parcels to increase monthly cash flow!! Both parcels to be sold together. Buyer to verify all zoning and uses with LA County Department of Regional Planning. Contact listing agent for more details!
Property Facts
| Price | $4,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Hold For Investment |
| No. Lots | 1 | Total Lot Size | 0.52 AC |
| Property Type | Land | ||
| Zoning | LCC2 - Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses | ||
| Price | $4,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Hold For Investment |
| Total Lot Size | 0.52 AC |
| Zoning | LCC2 - Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses |
1 Lot Available
Lot
| Price | $4,500,000 | Lot Size | 0.52 AC |
| Price Per AC | $8,591,721.40 |
| Price | $4,500,000 |
| Price Per AC | $8,591,721.40 |
| Lot Size | 0.52 AC |
Sale includes 2 parcels: 3853 E COLORADO BLVD & 3842 E WALNUT ST PASADENA CA 91107
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Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Numbers | Improvements Assessment | $623,767 | |
| Land Assessment | $431,714 | Total Assessment | $1,055,481 |
Property Taxes
Parcel Numbers
Land Assessment
$431,714
Improvements Assessment
$623,767
Total Assessment
$1,055,481
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3853 E Colorado Blvd
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