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    1978 E Colorado Blvd Pasadena, CA 91107

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    For Sale
    $7,950,000

    Freestanding retail building approved for multiple uses and development.

    Property size:
    9,390 SF
    Lot size:
    1.06 Acres

    Property Features for 1978 E Colorado Blvd

    General Information

    Size
    9,390 SF
    Lot size
    1.06 Acres

    Source: Lee & Associates - Newport Beach Agent Tim Arguello

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Building with Development Potential

    This is a free-standing retail building approved for multiple retail and wholesale uses, with possible medical uses also approved. The property includes extensive restaurant fixtures. It presents mixed-use development possibilities, allowing for up to 32 units plus retail, with the potential for more units if affordable housing is incorporated. The property is available for sale or joint venture with a developer. The building has a size of 9390 square feet and is located in Pasadena, CA.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1097439
    Latitude
    34.1456977

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    FAQs

    What type of property is this?
    Retail space - Freestanding retail building approved for multiple uses and development.
    Where is this retail space located?
    The property is located at 1978 E Colorado Blvd Pasadena, CA.
    What is the asking price?
    The asking price for this property is $7,950,000.
    What are key features of this property?
    This property features: - Approved for multiple retail/wholesale uses, including possible medical uses.; - Mixed-use development possibilities: **up to 32 units plus retail** (more with affordable housing).; - Free-standing retail building.
    (949) 724-4750
    Request Owner's contact information
    1978 E Colorado Blvd Pasadena, CA 91107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1978 E Colorado Blvd Pasadena, CA 91107
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