Two-Story Office
489 E Colorado Blvd Pasadena, CA 91101
New
489 E Colorado Blvd, Pasadena, CA, 91101
Contact for pricing
For Sale
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Elegant two-story office building with large skylights, high ceilings, and private on-site parking.
Property Size7,774 SF
Price / SF$699.77
Days on Market3
Property Features for 489 E Colorado Blvd
General Information
- Standard status
- Active
- Size
- 7,774 SF
- Property subtype
- OFFICE
Listing Agency
CBRE
(818) 907-4650
Listed by
Kyle Barratt · License #01900653
(818) 907-4650
Source
Moodyscre
Added: Jul 16 Checked: Jul 18 at 3:40 am
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 CBRE
Investment Insights
Based on property information with market context.
Elegant two-story office building available for sale, currently operated as an office and expected to be vacant at close of escrow. The property features 22-foot ceilings with large skylights, along with office spaces and conference rooms designed for professional use. Dedicated private parking is included for tenant or visitor convenience.
The building is located at 489 E Colorado Blvd in Pasadena, CA 91101. As configured, it offers a straightforward, workplace-ready layout suitable for an owner-occupant or a tenant seeking an immediately accessible office environment after escrow.
With its high-volume interior volume and dedicated parking, the building’s existing office configuration is intended to support day-to-day business operations.
The building is located at 489 E Colorado Blvd in Pasadena, CA 91101. As configured, it offers a straightforward, workplace-ready layout suitable for an owner-occupant or a tenant seeking an immediately accessible office environment after escrow.
With its high-volume interior volume and dedicated parking, the building’s existing office configuration is intended to support day-to-day business operations.
Key Highlights
- Two‑story office building, currently used as office space and will be vacant at close of escrow
- 22' ceilings with large skylights
- Includes offices and conference rooms
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 | $261.2k | $33.60 |
| − Vacancy | −$39.2k | −$5.04 |
| EGI | $222.0k | $28.56 |
| − OpEx | −$55.5k | −$7.14 |
| NOI | $166.5k | $21.42 |
7,774 SF · lease $33.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.38M
$2.08M – $2.78M
NOI $166,519 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$174.99M
$153.12M – $204.16M
NOI $12,249,517 @ 7.0% cap · market cap 225.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Curry Insurance
Insurance Agency
Proactive Networks
Marketing & Advertising
Intelligent Technical Solutions
Tech Support Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Elegant two-story office building with large skylights, high ceilings, and private on-site parking.
Where is this office building located?
The property is located at 489 E Colorado Blvd Pasadena, CA.
What is the asking price?
The asking price for this property is $5,440,000.
What are key features of this property?
This property features: Two‑story office building, currently used as office space and will be vacant at close of escrow; 22' ceilings with large skylights; Includes offices and conference rooms
