2493 Colorado BlvdPasadena, CA 91107
- Investment properties
- 11,549 SF
Property Details for 2493 Colorado Blvd
- Year built
- 1928
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.25 AC
- Property size (Sq ft)
- 11,549 SF
- Zone code
- PSC*
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 5746-001-030
- APU
- 5746001030
Description
This exceptional commercial property, located at 2493 E Colorado Blvd, Pasadena, CA 91107, presents a unique investment opportunity. Situated on a signalized corner at a major intersection, this property offers 11,986 square feet of retail and land space, encompassing two buildings. The main building features 8,642 square feet of ground floor retail space, currently offering 4,680 square feet of vacant space ideal for owner-occupancy or leasing. An additional 3,340 square feet is comprised of seven upstairs units. Built in 1928, this two-story property is zoned PSC* and boasts a convenient location near popular amenities such as In-N-Out Burger, Vons, Starbucks, and Target, with direct access to the 210 Freeway via Altadena Drive. The property's location and size make it suitable for a variety of retail uses. The available space ranges from 1,451 to 4,680 square feet, providing flexibility for potential tenants. The property's APN is 5746-001-030. This is a rare opportunity to acquire a well-positioned retail property in a thriving Pasadena location.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,668,977
- 6.5%
- $3,386,748
- 7%
- $3,144,838
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,651,095
- Geo Method
- $2,196,158
-
Alternative Use
- Use
- Valuation
- Residential
- $4,199,568
- Hospitality
- $3,846,782
- Educational
- $3,200,477
- Medical
- $3,310,546
- Retail
- $4,978,520
Location Insight
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Latitude
- 34.1465
- Longitude
- -118.099
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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