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    Two-Story Office Condominium Suite Title is generated by Realmo AI

    1-930 Colorado Blvd, Los Angeles, CA 90041

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    For Sale
    $2,150,000

    Two-story office suite with executive offices, reception, conference room, and 11 assigned parking spaces.

    Property size:
    4,790 SF
    Price / SF:
    $448/SF
    Added:
    Jul 15, 2024
    Days on Market:
    718
    Last Refresh:
    Jul 1 at 4:48 am

    Property Features for 1-930 Colorado Blvd

    General Information

    Standard status
    Active
    Size
    4,790 SF

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    Mike Tolj
    Mike Tolj

    Listing office TOLJ Commercial Real Estate Se

    Listing date Jul 15, 2024

    Source Exprealty

    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

    • Two‑story office condominium suite totaling approximately 4,790 SF on a 28,268 SF lot
    • Suite includes executive offices, reception area, kitchenette, storage, and additional office space
    • Conference room and collaborative office setup included within the suite
    • 11 assigned parking spaces for the suite
    • Located in a condominium complex with shared ownership as part of a cohesive office community

    Overview

    This two-story office condominium suite is approximately 4,790 square feet and located within a condominium complex comprising a cohesive office community with shared ownership. Office Condominium Suite 1 includes executive offices, a reception area, a kitchenette, multiple storage areas, and additional supporting spaces. The suite also offers a conference room and a collaborative work environment. The property includes 11 assigned parking spaces and sits on a 28,268 square foot lot.

    The office is situated in a quiet area described as having trees and hills. It is positioned close to Old Town Pasadena and within reach of retail and dining options. Access to major freeways is noted, including proximity to Route 2-210 and Route 134.

    Designed to support professional services, this suite can fit a range of owner-user and investor needs, particularly for businesses that require private offices and shared meeting space. With a reception area, conference room, kitchenette, and on-site storage, the layout is well-suited for teams that want a dedicated office environment within a community of other office users.

    Local 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 (±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.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hair Salon Dental Office Nail Salon Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.182849
    Latitude
    34.141046

    FAQs

    What type of property is this?
    Office units - Two-story office suite with executive offices, reception, conference room, and 11 assigned parking spaces.
    Where is this office units located?
    The property is located at 1-930 Colorado Blvd 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: Two‑story office condominium suite totaling approximately 4,790 SF on a 28,268 SF lot; Suite includes executive offices, reception area, kitchenette, storage, and additional office space; Conference room and collaborative office setup included within the suite
    More about this property
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