Freestanding Storefront
For Sale
Contact for pricing
2060 E Foothill Blvd, Pasadena, CA 91107
Commercial storefront space in an established East Pasadena commercial corridor.
Property Size3,403 SF
Price / SF$866.88
Days on Market22
Property Features for 2060 E Foothill Blvd
General Information
Standard status
Active
Size
3,403 SF
Property subtype
RETAIL
Listing Agency:
Lawrence Allen & Associates
(626) 705-5277
Listed By:
Andrew Chan
(626) 705-5277
Source:
Moodyscre
Added: Aug 1
Changed: Aug 16
Last Checked: Aug 21 at 5:10AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,017
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $5,362,118 @ 7.0% cap · market cap 181.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Vons Floral — 2355 E Colorado Blvd, Pasadena, CA 91107
- La Amarante — 2421 E Colorado Blvd, Pasadena, CA 91107
- Pasadena Florist — 235 e holly st, pasadena, ca 91101
- The Flowerman, Inc. — 2450 E Foothill Blvd, Pasadena, CA 91107
- Pacific Floral and Event Designs LLC — 234 Allen Ave Suite 28, Pasadena, CA 91106
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
