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    2131 Colorado Blvd Pasadena, CA 91107-3559
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    Property profile & analytics

    2131 Colorado Blvd, Pasadena, CA 91107-3559

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    • Motels
    • 30,088 SF
    • 1.06 lot acres
    Off-Market
    Property ID
    US10-0242503
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Travelodge by Wyndham Pasadena Central / Hotel & Motel

    Property Details for 2131 Colorado Blvd

    Year built
    1960
    Lot size
    1.06 lot acres
    Zone code
    PSC*
    Property type
    Motels
    APN
    5746-009-027
    APU
    5746009027

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 24, 2024 — Richardson Griswold — Deed · related $487k · Profit Sharing Trust
    Apr 29, 2024 — Eric P Beatty — Deed · related $107k · Receivership Lending LLC
    Jul 18, 2023 — Eric P Beatty — Deed · related $140k · Receivership Lending LLC
    Feb 21, 2023 — Chaoyang Tianma Enterprise Group Co — Deed · related $100k · Receivership Lending LLC
    Dec 12, 2013 — Chaoyang Tianma Ent Group Corp Chaoyang Tianma Ent Group LLC Quit Claim Deed —
    Nov 18, 2013 $9,200,000 Chaoyang Tianma Ent LLC Chang 2002 Family Trust Grant Deed —
    May 1, 2007 $5,000,000 Chang Family 2002 Trust Gh & Cj LLC Grant Deed $5.9M · Gh & Cj LLC
    Sep 24, 2004 — Gh & Cj LLC Tung,fu-ha N Quit Claim Deed · related —
    Dec 21, 2001 $3,450,000 Fu-han Tung Mou,yenshu & Moulan Grant Deed $767k · Cathay Bank
    Aug 26, 1988 — Mou — Deed Of Trust · related $800k · Mitsubishi Bank
    — — Yen-hsu Mou — Deed Of Trust · related $750k · First Continental Bank
    — — Chang Family 2002 Trust — Deed Of Trust · related $5M · United Pacific Bank
    — — Yen-hsu Mou — Deed Of Trust · related $750k · First Continental Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,290,000
      6.5%
      $5,805,000
      7%
      $5,390,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.107
    Latitude
    34.1465
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $128,286
    $4,091,016
    $6,862,908
    $10,953,924
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,365,000
      30,143 SF

      3321 Colorado Blvd

      MOTEL
      3321 Colorado Blvd, Pasadena, CA 91107-3845
      View Details
    • Value Estimation
      $1,690,000
      11,223 SF

      2800 Colorado Blvd

      MOTEL
      2800 Colorado Blvd, Pasadena, CA 91107-4370
      View Details
    • Value Estimation
      $6,585,000
      33,460 SF

      3600 Colorado Blvd

      MOTEL
      3600 Colorado Blvd, Pasadena, CA 91107-3866
      View Details
    • Value Estimation
      $1,540,000
      9,975 SF

      3625 Colorado Blvd

      MOTEL
      3625 Colorado Blvd, Pasadena, CA 91107-3807
      View Details
    • Value Estimation
      $565,000
      3,512 SF

      2870 Colorado Blvd

      MOTEL
      2870 Colorado Blvd, Pasadena, CA 91107-4315
      View Details
    • Value Estimation
      $2,425,000
      23,722 SF

      2156 Colorado Blvd

      MOTEL
      2156 Colorado Blvd, Pasadena, CA 91107-3653
      View Details

    Similar Nearby for Sale

    • $15,800,000

      Pasadena Hotel on Rose Parade

      80-room hotel with prime location and strong occupancy history.
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      View Details
    • $15,680,000
      23,722 SF

      Pasadena Hotel on Rose Parade Route

      Well-located Pasadena hotel with strong occupancy and event-driven upside.
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      34,700 SF

      Pasadena Luxury Dealerships on Colorado

      Two high-profile dealerships on 4.47 acres with NNN leases.
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      Updated Duplex in Prime Pasadena

      Updated duplex on large lot with development potential.
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      3,420 SF

      Auto Body Facility For Sale

      Established auto body facility on East Colorado Blvd in Pasadena.
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    Similar Nearby for Lease

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      6,500 SF

      Pasadena Lab Space Available

      6,500 SF lab space for rent in Pasadena, CA.
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    • Contact for pricing
      2,500 SF

      Retail Space in Hastings Ranch

      Retail space available in Hastings Ranch, Pasadena with ample parking.
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      View Details
    • $2,480 /Mo

      High-Traffic Pasadena Retail/Office Space

      Visible Pasadena shopping plaza unit, ideal for retail or office.
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      View Details
    • Contact for pricing
      1,691 SF

      Retail Space Available For Sublease

      Retail space available for sublease through 7/06/2028.
      3701-3703 Huntington Dr, Pasadena, CA 91107
      View Details
    • $2 SF/Yr
      31,387 SF

      Creative Office/R&D Campus For Rent

      Two-building office/R&D campus in Pasadena's Technology Corridor.
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      View Details
    • Contact for pricing
      28,072 SF

      Pasadena Office Space For Rent

      Third floor office space available for rent in Pasadena.
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      View Details

    Property Visit Statistics

    • Visits by month
      5.0k
    • Visitors by month
      1.3k
    • Avg Time on site
      348 min
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    Pasadena, CA 91107-3559
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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