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Property profile & analytics
OFF-MARKET
Estimated value
$10,465,000
Retail space
1130 Colorado Blvd Pasadena, CA 91106-1403
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0231816
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
TILT-UP CONCRETE
Total area
23,985 SF
Lot
0.87 ac (38,034 SF)
Zoning code
PSC-
APN
5735-012-017
UPID
US10-0231816
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
FedEx ShipSite Postal Service Courier Service
-
Office Depot Print & Copy Services (Bike/Boat/Book/etc) Store Printing Service
-
Primo Water Exchange Big Box & Wholesale Store
-
Coinhub Bitcoin ATM Teller Atm
-
Office Depot Photo Gifts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.07M
CAP Approach
CAP
$9.33M
Comparable Approach
Comparable
$6.43M
Blend (final)
Blend
$10.47M
Owner & transaction history
Kcn Investments LLC · 8 yrs held
Kcn Investments LLC
since 2018
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.8M
+40.7%
Neighborhood: shopping center
$14.6M
+22.4%
Office building
$13.5M
+12.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$10,925,000
ML approach
$9,070,000
CAP Approach
CAP Return
Estimation
6%
$10,105,000
6.5%
$9,325,000
7%
$8,660,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,930,000
Current use
RESTAURANT
$16,780,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$14,595,000
Change: +22% · Conversion: Moderate
OFFICE BUILDING
$13,470,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,005,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$10,905,000
Change: -9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,130,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$10.47M
Range $9.42M – $11.51M · ±10% · vs last sale $11.50M (Mar 21 2025)
Last sale anchor
$11.50M
Mar 21 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$436 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$136,519
Tax year 2024
Assessed value
$11,980,670
Assessed 2024
Previous assessed
$11,980,670
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$7,027,768
Assessed improvement
$4,952,902
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
23,985 SF
Lot
0.87 ac (38,034 SF)
Zoning code
PSC-
APN
5735-012-017
UPID
US10-0231816
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC- · Pasadena, CA
Zoning PSC- · permitted uses
PSC- · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.9M
RESTAURANT
Est. value
$16.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.6M
OFFICE BUILDING
Est. value
$13.5M
AUTO REPAIR, GARAGE
Est. value
$12.0M
MEDICAL BUILDING
Est. value
$10.9M
INDUSTRIAL (GENERAL)
Est. value
$10.1M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Kcn Investments LLC
Entity
Mailing address
227 W VLY BLVD STE #308, SAN GABRIEL, CA 91776-3776
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2018
—
Kcn Investments LLC
—
Grant Deed
related
$7,000,000 · Bank Of Taiwan
May 31, 2018
$11,500,000
Kcn Investments LLC
Fvv LLC
Grant Deed
—
Jun 23, 2015
$10,200,000
Fw LLC
Leonard,robert III
Grant Deed
—
Jun 23, 2015
—
Steven C Leonard
Leonard,cynthia
Quit Claim Deed
related
—
Jan 3, 2014
—
Robert Leonard III
Surety Realty Company
Grant Deed
$3,650,000 · City National Bank
Mar 21, 2003
—
Leonard,tr
Leonard,robert
Quit Claim Deed
related
—
Dec 17, 1999
$6,500,000
Robert Leonard
Grae Ss Three LLC
Grant Deed
—
Apr 1, 1999
$2,500,000
Grae Ss Three LLC
Tachdjian Trust
Grant Deed
$4,000,000 · Comerica Bank California
Mar 27, 1998
—
Charles M Tachdjian
—
Deed Of Trust
related
—
—
—
Surety Realty Co
—
Deed Of Trust
related
$4,000,000 · Ge Capital Life Ins Co Ny
—
—
Tachdjian Trust
—
Deed Of Trust
related
$614,999 · Chrysler Financial Co LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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