For sale
Office Units
CA
Los Angeles
90041
930 Colorado Boulevard 1

Two-Story Office in Quiet Community

930 Colorado Boulevard 1, Los Angeles, CA 90041

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For Sale

$2,150,000

Two-story office with parking, near Old Town Pasadena.

Type:Commercial/Industrial

Property size:

4,790 SF

Lot size:

0.65 Acres

Price / SF:

$448/SF

HighLights

Prime location: Close to Old Town Pasadena's retail and dining, with easy access to freeways 2, 210, and 134.
Versatile appeal: Ideal for investors or professionals in architecture, engineering, accounting, law, and family therapy.
Ample space: Approximately 4,790 square feet office on a 28,268 square foot lot.
Functional layout: Features executive offices, reception area, kitchenette, and storage.
11 assigned parking spaces.
Collaborative environment: Part of an office condominium community with shared amenities, including a conference room.

We can help!

Listing Contact

Mike Tolj

For Sale

$2,150,000

Two-story office with parking, near Old Town Pasadena.

Type:Commercial/Industrial

Property size:

4,790 SF

Lot size:

0.65 Acres

Price / SF:

$448/SF

Added:: Oct 26, 2023
Days on Market:: 966
Last Refresh:: May 20 at 2:33 am

Property Features for 930 Colorado Boulevard 1

General Information

Standard status: Active
Size: 4,790 SF
Lot size: 0.65 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1981

We can help!

Listing Contact

Mike Tolj

Listing agent Mike Tolj License #01373646

Listing office TOLJ Commercial Real Estate Se

Listing date Oct 26, 2023

Source Exitrealty

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

All listing content including descriptions, pricing, images are the copyrighted material of TOLJ Commercial Real Estate Se

HighLights

Prime location: Close to Old Town Pasadena's retail and dining, with easy access to freeways 2, 210, and 134.
Versatile appeal: Ideal for investors or professionals in architecture, engineering, accounting, law, and family therapy.
Ample space: Approximately 4,790 square feet office on a 28,268 square foot lot.
Functional layout: Features executive offices, reception area, kitchenette, and storage.
11 assigned parking spaces.
Collaborative environment: Part of an office condominium community with shared amenities, including a conference room.

Overview

This two-story office space, comprising approximately 4,790 square feet, is situated on a 28,268 square foot lot. The layout includes executive offices, a reception area, a kitchenette, and storage space. Eleven assigned parking spaces are included. Located within a condominium complex, the office is part of a cohesive office community with shared ownership. The property, identified as Office Condominium Suite 1, is located in a quiet area featuring trees and hills. The office fosters a collaborative environment and provides amenities such as a conference room, storage area, and kitchenette. The location offers convenient access to Old Town Pasadena, with its numerous retail and dining options, and is near major freeways 2, 210, and 134. This property is suitable for investors and owner-user professionals, particularly those in fields such as architecture, engineering, accounting, law, family therapy, and related businesses, offering secure ownership with income potential.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$186.2k	$38.88
− Vacancy	−$34.6k	−$7.23
EGI	$151.6k	$31.65
− OpEx	−$37.9k	−$7.91
NOI	$113.7k	$23.74

4,790 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,697 @ 7.0% cap · market cap 5.29%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$97.04M

$84.91M – $113.22M (±1% cap)

NOI $6,792,977 @ 7.0% cap · market cap 315.95%

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

Property Profile Location Intelligence

Current Use by Public Records

PPC Construction, Inc. Construction Company Law Offices of Gihan ... Law Firm Tolj Commercial Real ... Real Estate Agency Hyssop Travel Travel Agency GMS Global Management ... Marketing & Advertising

Suggested Use

Location Insight

Map
Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.186
Latitude: 34.1388

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For sale
Office Units
CA
Los Angeles
90041
930 Colorado Boulevard 1

What type of property is this?

Office units - Two-story office with parking, near Old Town Pasadena.

Where is this office units located?

The property is located at 930 Colorado Boulevard 1 Los Angeles, CA.

What is the asking price?

The asking price for this property is $2,150,000.

What are key features of this property?

This property features: Prime location: Close to Old Town Pasadena's retail and dining, with easy access to freeways 2, 210, and 134.; Versatile appeal: Ideal for investors or professionals in architecture, engineering, accounting, law, and family therapy.; Ample space: Approximately 4,790 square feet office on a 28,268 square foot lot.