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    2713 Colorado Blvd Pasadena, CA 91107

    Sponsored
    For Sale
    $5,200,000

    High-yield multi-tenant retail building

    Property size:
    3,674 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Pasadena investment opportunity presents a 3,674 square foot multi-tenant retail building situated at the signalized intersection of San Gabriel Boulevard and Colorado Boulevard. The property features a diverse tenant mix, anchored by a corporate-owned 7-Eleven, ensuring consistent revenue generation. A thriving health spa and a billboard lease further diversify income streams, mitigating risk and maximizing returns. The 100% occupancy rate underscores the property's strong performance and desirability. The building is classified as Class C, with a Net Lease (NNN) structure. The 0.284-acre lot offers high visibility and accessibility in a high-traffic area. The asking price is $5,200,000, translating to $1,415.35 per square foot. The property's prime location, combined with its stable and diverse tenancy, makes it an attractive investment for those seeking a reliable and consistent income stream. The billboard lease includes a rent escalation clause every five years, providing additional long-term growth potential. This is a rare opportunity to acquire a well-performing retail property in a desirable Pasadena location with a strong anchor tenant and diversified income streams. The property's APN is 5748-008-009. This multi-tenant building offers a secure investment with a proven track record of success.

    Property Features for 2713 Colorado Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,674 SF
    Class
    C
    Lot Size
    12,371 SF

    HighLights

    • Rare investment opportunity: Multi‑tenant retail building at signalized intersection of San Gabriel Blvd and Colorado Blvd, Pasadena, CA.
    • Strong anchor tenant: Corporate‑owned 7‑Eleven provides stable income.
    • Diverse income streams: 7‑Eleven, health spa, and billboard leases mitigate risk.
    • Stable billboard lease: Provides dependable income with rent escalation every five years.
    • Consistent income: Prime location and tenant mix ensure reliable cash flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -118.09432954761
    Latitude
    34.146213280835

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    FAQs

    What type of property is this?
    Individual retail property - High-yield multi-tenant retail building
    Where is this individual retail property located?
    The property is located at 2713 Colorado Blvd Pasadena, CA.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: Rare investment opportunity: Multi-tenant retail building at signalized intersection of San Gabriel Blvd and Colorado Blvd, Pasadena, CA.; Strong anchor tenant: Corporate-owned 7-Eleven provides stable income.; Diverse income streams: 7-Eleven, health spa, and billboard leases mitigate risk.
    Request Owner's contact information
    2713 Colorado Blvd Pasadena, CA 91107
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    Pasadena, CA 91107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2713 Colorado Blvd Pasadena, CA 91107
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