Listing Agency: Lawrence Allen & Associates Show Phone

Listed By: Andrew Chan Show Phone

Source: Moodyscre

Added: Aug 1 Changed: Sep 13 Last Checked: Oct 11 at 5:32AM

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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 Lawrence Allen & Associates

Investment Insights

Based on property information with market context.

This freestanding commercial building contains 3,403 square feet of property classified as storefront space. The asset is positioned within East Pasadena’s established commercial corridor at 2060 E Foothill Blvd, Pasadena, CA 91107. Its retail-oriented classification and standalone building format provide a clear physical profile for commercial occupancy or ownership review.

Key Highlights

• 3,403 square feet of commercial building area
• Freestanding building configuration
• Classified as storefront property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,017

Cap Rate

2.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,720,340 $1.7M

Cap Rate 7%

$1,228,814 $1.2M

Cap Rate 9%

$955,744 $955.7K

Market Conditions

NOI Build-Up for 3,403 SF

Gross rent

$125.8K $36.96/SF

− Vacancy

−$2.9K −$0.85/SF

EGI

$122.9K $36.11/SF

− OpEx

−$36.9K −$10.83/SF

NOI

$86.0K $25.28/SF

Area

Pasadena, CA

Vacancy

2.30%

Lease Rate

$36.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,720,340

Cap Rate 7%

$1,228,814

Cap Rate 9%

$955,744

Alternative Uses

Best Use

Retail

$1.23M

$1.08M – $1.43M (±1% cap)

NOI $86,017 @ 7.0% cap · market cap 2.92%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$76.60M

$67.03M – $89.37M (±1% cap)

NOI $5,362,118 @ 7.0% cap · market cap 181.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Landswick Physical Therapy Physician Debco Manufacturing Co Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop Food Market Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,138

Businesses Nearby

281k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 54% Shops & Services 22% Groceries 20% Beauty & Spa 3%

Chick-fil-A Dining

55,119 visits/mo 0.5 miles

VONS Groceries

52,866 visits/mo 0.4 miles

In-N-Out Burger Dining

21,888 visits/mo 0.1 miles

Panda Express Dining

21,080 visits/mo 0.5 miles

Mobil Shops & Services

16,111 visits/mo 0.3 miles

Demographics for 91107, CA

33,729

Population

14,137

Households

2.4

Avg Household Size

43

Median Age

59%

College-Educated

93%

High-School Grad

8.5 sq mi

ZIP Area

3,968

Density / Sq Mi

$124,880

Median Household Income

$62,250

Median Earnings

$2,311

Median Rent

$1,106,600

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial storefront space in an established East Pasadena commercial corridor.

Where is this storefront property located?

The property is located at 2060 E Foothill Blvd Pasadena, CA.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: 3,403 square feet of commercial building area; Freestanding building configuration; Classified as storefront property