Two-Story Office in Quiet
For Sale
$2,150,000
930 Colorado Boulevard 1, Los Angeles, CA 90041
Two-story office with parking, near Old Town Pasadena.
Property Size4,790 SF
Lot Size0.65 Acres
Price / SF$448.85
Days on Market1011
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
Listing Agency:
TOLJ Commercial Real Estate Se
(323) 317-2561
Listed By:
Mike Tolj · License #01373646
(323) 317-2561
Source:
Exitrealty
Added: Oct 26, 2023
Changed: Jul 6
Last Checked: Aug 1 at 10:04AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
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
NOI $6,792,977 @ 7.0% cap · market cap 315.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 90041, CA
26,654
Population
10,425
Households
2.6
Avg Household Size
41
Median Age
52%
College-Educated
92%
High-School Grad
3.6 sq mi
ZIP Area
7,404
Density / Sq Mi
$111,834
Median Household Income
$54,443
Median Earnings
$1,797
Median Rent
$1,135,200
Median Home Value
Market
Properties on Market for Office Units in Los Angeles County
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
