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    Retail Building Zoned Mixed Use Title is generated by Realmo AI

    3860-3870 E Colorado Blvd, Pasadena, CA

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    Retail building with mixed-use zoning on Colorado Boulevard.

    Type:RETAIL
    Property size:
    5,275 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $436/SF
    Added:
    Jun 9, 2025
    Days on Market:
    367
    Last Refresh:
    May 20 at 8:52 pm

    Property Features for 3860-3870 E Colorado Blvd

    General Information

    Standard status
    Active
    Size
    5,275 SF
    Lot size
    0.20 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Nick Tezak
    Nick Tezak

    Listing agent Nick Tezak License #02101474

    Listing office Lee & Associates

    Listing date Jun 9, 2025

    Source Moodyscre

    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 Lee & Associates

    HighLights

    • Mixed‑use zoning allows for diverse development opportunities.
    • 5,275 SF retail building provides substantial space.
    • 100% occupancy ensures immediate income stream.
    • 8,845 SF lot offers ample space for the building and potential expansion.
    • Comprises 3 retail units, offering diversified tenant base.
    • Includes back office and garage storage, adding functional space.

    Overview

    This 5,275 square-foot retail building is situated on an 8,845 square-foot lot and is uniquely zoned for mixed-use development. The property currently comprises three retail units and one back office with garage storage. The property is 100% occupied.

    Local Financial Insights For Retail

    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 $195.0k $36.96
    − Vacancy −$4.5k −$0.85
    EGI $190.5k $36.11
    − OpEx −$57.1k −$10.83
    NOI $133.3k $25.28
    5,275 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.90M
    $1.67M – $2.22M (±1% cap)
    NOI $133,336 @ 7.0% cap · market cap 5.80%
    Second Best
    Mixed Use
    $1.46M
    $1.27M – $1.70M (±1% cap)
    NOI $101,913 @ 7.0% cap · market cap 4.43%
    Theoretical Best
    Multifamily LT 5
    $118.74M
    $103.90M – $138.53M (±1% cap)
    NOI $8,311,835 @ 7.0% cap · market cap 361.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.069
    Latitude
    34.1472

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    FAQs

    What type of property is this?
    Retail space - Retail building with mixed-use zoning on Colorado Boulevard.
    Where is this retail space located?
    The property is located at 3860-3870 E Colorado Blvd Pasadena, CA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Mixed‑use zoning allows for diverse development opportunities.; 5,275 SF retail building provides substantial space.; 100% occupancy ensures immediate income stream.
    (657) 348-4335 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Tezak
    Nick Tezak
    Real Estate License ID: 02101474
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