For sale
Office Units
CA
Los Angeles
90041
930 Colorado Blvd Ste 1

Two-Story Office in Condominium Complex

930 Colorado Blvd Ste 1, Los Angeles, CA 90041

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For Sale

$2,150,000

Two-story office in a cohesive community near Old Town Pasadena.

Property size:

4,790 SF

Lot size:

0.65 Acres

Price / SF:

$448/SF

HighLights

Close proximity to Old Town Pasadena's retail and dining options.
Easy access to major freeways (2, 210, and 134).
Suitable for both investors and owner‑user professionals, offering secure ownership and income potential.
Part of a cohesive office condominium community.
Includes 11 assigned parking spaces.
Features executive offices, reception area, kitchenette, conference room, and storage.

We can help!

Listing Contact

Mike Tolj

For Sale

$2,150,000

Two-story office in a cohesive community near Old Town Pasadena.

Property size:

4,790 SF

Lot size:

0.65 Acres

Price / SF:

$448/SF

Added:: Jul 15, 2024
Days on Market:: 697
Last Refresh:: Apr 5 at 8:31 pm

Property Features for 930 Colorado Blvd Ste 1

General Information

Standard status: Active
Size: 4,790 SF
Lot size: 0.65 Acres

We can help!

Listing Contact

Mike Tolj

Listing agent Mike Tolj License #01373646

Listing office TOLJ Commercial Real Estate Se

Listing date Jul 15, 2024

Source Exprealty

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 TOLJ Commercial Real Estate Se

HighLights

Close proximity to Old Town Pasadena's retail and dining options.
Easy access to major freeways (2, 210, and 134).
Suitable for both investors and owner‑user professionals, offering secure ownership and income potential.
Part of a cohesive office condominium community.
Includes 11 assigned parking spaces.
Features executive offices, reception area, kitchenette, conference room, and storage.

Overview

This two-story office space, encompassing approximately 4,790 square feet, is situated on a 28,268 square foot lot. The layout includes executive offices, a reception area, and a kitchenette, along with storage space. Eleven assigned parking spaces are included. Located in a condominium complex, the property is part of a cohesive office community with shared ownership. Known as Office Condominium Suite 1, it is positioned in a quiet area featuring trees and hills. The office fosters a collaborative environment and provides amenities such as a conference room, storage area, and kitchenette. The location offers convenient access to Old Town Pasadena, with its numerous retail and dining options, and is near major freeways 2, 210, and 134. This property is suited for investors and owner-user professionals, particularly those in fields such as architecture, engineering, accounting, law, family therapy, and related businesses, offering secure ownership with income potential.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$186.2k	$38.88
− Vacancy	−$34.6k	−$7.23
EGI	$151.6k	$31.65
− OpEx	−$37.9k	−$7.91
NOI	$113.7k	$23.74

4,790 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,697 @ 7.0% cap · market cap 5.29%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$97.04M

$84.91M – $113.22M (±1% cap)

NOI $6,792,977 @ 7.0% cap · market cap 315.95%

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

Property Profile Location Intelligence

Current Use by Public Records

PPC Construction, Inc. Construction Company Law Offices of Gihan ... Law Firm Tolj Commercial Real ... Real Estate Agency Hyssop Travel Travel Agency GMS Global Management ... Marketing & Advertising

Suggested Use

Location Insight

Map
Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.186
Latitude: 34.1388

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For sale
Office Units
CA
Los Angeles
90041
930 Colorado Blvd Ste 1

What type of property is this?

Office units - Two-story office in a cohesive community near Old Town Pasadena.

Where is this office units located?

The property is located at 930 Colorado Blvd Ste 1 Los Angeles, CA.

What is the asking price?

The asking price for this property is $2,150,000.

What are key features of this property?

This property features: Close proximity to Old Town Pasadena's retail and dining options.; Easy access to major freeways (2, 210, and 134).; Suitable for both investors and owner‑user professionals, offering secure ownership and income potential.