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    2940 Foothill Blvd Pasadena, CA 91121

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    120,435 SF Office, Value-Add Opportunity

    Property size:
    120,435 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 120,435-square-foot executive office complex in Pasadena, California, presents a compelling value-add opportunity for investors. Situated on a four-acre lot at 2940 E. Foothill Blvd, this Class B property boasts high visibility along a heavily trafficked thoroughfare. The three-story building, constructed in phases between 1947 and 1978, offers flexible space with varying ceiling heights (10', 11.2', and 12'). Currently vacant, this property allows for immediate repositioning and redevelopment. Ample parking is available with 278 spaces. Its prime location offers easy access to the 210 Freeway and the Sierra Madre Villa Gold Line Metro Station, making it a truly transit-oriented development. Zoned EPSP-d1-IG, the property permits a variety of commercial, office, retail, and industrial uses, with a 0.90 FAR and a 45-foot height limit. The East Pasadena Specific Plan encourages mixed-use development, aligning perfectly with the property's potential. The property's APN numbers are 5748-037-004 (portion of), 5752-022-803, 5748-037-007, 5752-022-005, and 5752-022-004. This location offers significant near-term upside potential due to its adjacency to new retail and its strategic placement within the East Foothill Industrial District. The property's current zoning and the city's recent General Plan revisions create a favorable environment for expansion and redevelopment.

    Property Features for 2940 Foothill Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    120,435 SF
    Class
    B
    Lot Size
    174,240 SF

    Building Details

    Stories
    3

    HighLights

    • 120,435 SF existing office building, adaptable for future redevelopment.
    • Vacant, offering immediate value‑add potential.
    • East Foothill Industrial District location.
    • Within the East Pasadena Specific Plan, promoting transit‑oriented development near the Sierra Madre Villa Metro Station (0.5 miles).
    • EPSP‑d1‑IG zoning allows diverse commercial, office, retail, and industrial uses.
    • 0.90 FAR and 45‑foot height limit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Early Bird Disposal ... Corporate Office James Consulting, Inc Boutique

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.0899986
    Latitude
    34.149276

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    FAQs

    What type of property is this?
    Retail property - 120,435 SF Office, Value-Add Opportunity
    Where is this retail property located?
    The property is located at 2940 Foothill Blvd Pasadena, CA.
    What are key features of this property?
    This property features: 120,435 SF existing office building, adaptable for future redevelopment.; Vacant, offering immediate value-add potential.; East Foothill Industrial District location.
    Request Owner's contact information
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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
    2940 Foothill Blvd Pasadena, CA 91121
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