144 Colorado BlvdPasadena, CA 91105

Property Details for 144 Colorado Blvd

Year built

1915

Construction

TILT-UP CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

12,350 SF

Zone code

PSC-

Property type

Retail properties

Property subtype

Retail space

APN

5713-008-003

APU

5713008003

Description

This exceptional 5,505-square-foot creative office space is ideally situated on the second floor of 144 W Colorado Boulevard in the vibrant Old Town Pasadena district of Los Angeles County, California. The property boasts a single-tenant occupancy, offering a unique opportunity for a business seeking a substantial and adaptable workspace. The entire building's 5,505 square feet is currently vacant, presenting a blank canvas for a discerning tenant to customize to their specific needs. Located in the highly desirable 91105 zip code, this property benefits from the energy and amenities of Old Town Pasadena, a renowned area known for its thriving arts scene, diverse culinary options, and convenient access to major transportation routes. The building's creative office subtype suggests a layout conducive to innovative and collaborative work environments, potentially featuring open floor plans, high ceilings, and ample natural light. This is a rare opportunity to secure a significant, single-tenant office space in a prime Pasadena location. The property's size and location make it suitable for a variety of businesses seeking a prominent presence in this sought-after area. Interested parties are encouraged to inquire for further details and scheduling a viewing. The property is classified as an office building with a creative office subtype.

• CAP approach

  CAP return

  Valuation

  6%

  $4,864,658

  6.5%

  $4,490,454

  7%

  $4,169,707

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,893,518

  Geo Method

  $5,918,160

• Alternative Use

  Use

  Valuation

  Residential

  $3,787,866

  Hospitality

  $3,469,664

  Educational

  $2,886,720

  Medical

  $2,985,999

  Retail

  $4,490,454

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1453

Longitude

-118.153

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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