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Property profile & analytics
OFF-MARKET
Estimated value
$4,350,000
Retail space
132 Colorado Blvd Pasadena, CA 91105-1925
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6610907
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
TILT-UP CONCRETE
Total area
12,500 SF
Lot
0.3 ac (12,865 SF)
Zoning code
PSC-
APN
5713-008-004
UPID
US09-6610907
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
-
Chase Bank Bank Loan Service
-
Public Parking Parking Lot & Garage
-
Anthony Buccino - Chase Home Lending Advisor - NMLS ID 485744 Loan Service Bank
-
Chase ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.35M
Owner & transaction history
Gwen Griffin Pasadena LLC · 18 yrs held
Gwen Griffin Pasadena LLC
since 2007
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Office building
$7.0M
+12.9%
Auto repair, garage
$6.3M
+0.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,265,000
6.5%
$4,860,000
7%
$4,515,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,215,000
Current use
OFFICE BUILDING
$7,020,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,255,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$5,680,000
Change: -9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,280,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.35M
Range $3.92M – $4.79M · ±10%
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
$348 / 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
$96,922
Tax year 2024
Assessed value
$7,525,680
Assessed 2024
Previous assessed
$7,525,680
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$2,733,379
Assessed improvement
$4,792,301
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
1920
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
12,500 SF
Lot
0.3 ac (12,865 SF)
Zoning code
PSC-
APN
5713-008-004
UPID
US09-6610907
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC- · Pasadena, CAZoning PSC- · permitted uses
PSC- · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.2M
OFFICE BUILDING
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
RETAIL STORES Current
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
1920
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Gwen Griffin Pasadena LLC
Entity
Mailing address
16508 ARMINTA ST, VAN NUYS, CA 91406-1744
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2022
—
Gwen Griffin Pasadena LLC
—
Deed
related
$20,000,000 · Poppy Bank
Oct 12, 2007
—
Gwen Griffin Pasadena LLC
Gwen Griffin Pasadena LLC
Quit Claim Deed
related
$8,000,000 · First Republic Bank
Aug 17, 2000
—
Transwestern 132 Colorado Blvd
—
Deed Of Trust
related
$95,000,000 · Bankers Trust Co Trustee
Mar 28, 2000
$3,400,000
Transwestern 132 Coloraso Blvd
City Center Retail Trust
Grant Deed
—
Dec 18, 1998
—
City Center Retail Trust
Old Cellophane Building
Grant Deed
related
—
Nov 26, 1997
—
Cellophone Building LP Old
—
Deed Of Trust
related
$2,170,000 · Preferred Bank
—
—
Cellophane Building Old
—
Deed Of Trust
related
$33,900 · Us Small Business Admn
—
—
Old Cellophane Building
—
Deed Of Trust
related
—
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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