Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,450,000
Retail space
1229 Colorado Blvd Pasadena, CA 91106-1834
Individually Owned
35-yr Hold
~
Est. High Equity
Property ID
US09-6945326
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1927
Construction
TILT-UP CONCRETE
Total area
21,600 SF
Lot
0.44 ac (19,312 SF)
Zoning code
PSC-
APN
5738-020-002
UPID
US09-6945326
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
-
US Navy Enlisted Recruiting Military Recruiting Office
-
Army Recruiting Office Pasadena, CA Military Recruiting Office Army Facility
-
Air Force Recruiting Office Military Recruiting Office
-
US Air Force Recruiting Military Recruiting Office
-
US Marine Corps Recruiting Military Recruiting Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.45M
Owner & transaction history
Tsai Yufang · 35 yrs held
Tsai Yufang
since 1990
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$206 / 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
$31,956
Tax year 2024
Assessed value
$2,541,140
Assessed 2024
Previous assessed
$2,541,140
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,023,879
Assessed improvement
$1,517,261
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
1927
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
21,600 SF
Lot
0.44 ac (19,312 SF)
Zoning code
PSC-
APN
5738-020-002
UPID
US09-6945326
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.
Building & site characteristics
From public records
Year built
1927
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Tsai Yufang
Individual
Mailing address
1229 E COLORADO BLVD, PASADENA, CA 91106-1834
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1990
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
Dec 24, 2024
—
Thai Family Limited Partnership III
—
Deed
related
$2,000,000 · Mega Bank
Dec 23, 2016
—
Tsai Family Limited Partnership III
—
Deed
related
$500,000 · Plaza Bank
Oct 10, 1990
$1,650,000
Tsai Yufang
Mcmahans Pasaden
Grant Deed
$1,000,000 · Seller
—
—
Tsai Family LP III LP
—
Deed Of Trust
related
$500,000 · Bank Of Manhattan
—
—
Tsai Family LP III LP
—
Deed Of Trust
related
$1,300,000 · Bank Of Manhattan
—
—
Tsai Family LP III
—
Deed Of Trust
related
$1,400,000 · Tomatobank NA
—
—
Tsai Family LP III
—
Deed Of Trust
related
$1,000,000 · Tomatobank NA
—
—
Tsai Family LP
—
Deed Of Trust
related
$1,300,000 · Interbusiness Bank NA
—
—
Tsai Family LP
—
Deed Of Trust
related
$250,000 · Interbusiness Bank NA
—
—
Tsai Family LP III Ltd
—
Deed Of Trust
related
$350,000 · Far East National Bank
—
—
Teal Family LP
—
Deed Of Trust
related
$600,000 · Far East National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1229 Colorado Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
