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    2156 E Colorado Blvd Pasadena, CA 91107
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    Property profile & analytics

    2156 E Colorado Blvd, Pasadena, CA 91107

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    • Motels
    • 23,722 SF
    • 0.73 lot acres
    For Sale
    $15,680,000
    View Listing →
    Pasadena Hotel on Rose Parade Route For Sale
    $15,680,000
    23,722 SF

    Pasadena Hotel on Rose Parade Route

    Well-located Pasadena hotel with strong occupancy and event-driven upside.

    2156 E Colorado Boulevard, Pasadena, CA 91107
    View Listing
    Property ID
    US09-6765487
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ramada by Wyndham Pasadena / Hotel & Motel

    Property Details for 2156 E Colorado Blvd

    Year built
    1981
    Construction
    WOOD
    Lot size
    0.73 lot acres
    Zone code
    PSC*
    Property type
    Motels
    APN
    5747-009-053
    APU
    5747009053

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 14, 2023 — Atlas Enterprise LLC — Deed · related $4.6M · United Pacific Bank
    Jun 10, 2022 — Atlas Enterprise LLC — Deed · related $4.7M · Evertrust Bank
    Jun 16, 2017 — Atlas Ent LLC — Deed · related $5.2M · New Omni Bk NA
    Jul 15, 2008 — Atlas Ent LLC Atlas Ents LLC Quit Claim Deed $500k · First General Bank
    Feb 28, 2006 — Atlas Ents LLC Alc Ltd Grant Deed —
    Jan 10, 1995 $2,200,000 Alc Ltd Alc Ltd Trustees Deed · related $1.1M · Individual
    Oct 3, 1994 $2,749,113 Alc Ltd Hou,en-huan & Lee J Trustees Deed —
    — — Atlas Ent LLC — Deed Of Trust · related $4.2M · New Omni Bank
    — — En H Hou — Deed Of Trust · related $75k · Siam Commercial Bank Public Co
    — — Atlas Ents LLC — Deed Of Trust · related $2.9M · Tomatobank NA
    — — Atlas Ent LLC — Deed Of Trust · related $750k · First General Bank
    — — Hou — Deed Of Trust · related $650k · Sanwa Bank California
    — — Atlas Ent LLC — Deed Of Trust · related $5.2M · New Omni Bk NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,566,000
      Market price range: $770k - $2.36M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.106
    Latitude
    34.1457
    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
    $111,014
    $3,885,389
    $5,406,055
    $9,291,444
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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

      3321 Colorado Blvd

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      3321 Colorado Blvd, Pasadena, CA 91107-3845
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    • 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
      $1,585,000
      9,193 SF

      2814 Colorado Blvd

      MOTEL
      2814 Colorado Blvd, Pasadena, CA 91107
      View Details
    • Value Estimation
      $565,000
      3,512 SF

      2870 Colorado Blvd

      MOTEL
      2870 Colorado Blvd, Pasadena, CA 91107-4315
      View Details

    Similar Nearby for Sale

    • $15,800,000

      Pasadena Hotel on Rose Parade

      80-room hotel with prime location and strong occupancy history.
      2156 E Colorado Blvd, Pasadena, CA 91107
      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.
      2156 E Colorado Blvd, Pasadena, CA 91107
      View Details
    • $2,899,000

      Pasadena Auto Body Facility

      Functional auto body facility on high-traffic East Colorado Blvd.
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    • $1,275,000

      Pasadena Triplex Near Transportation

      Well-maintained triplex near transportation, PCC, and CalTech.
      70 S Parkwood Ave, Pasadena, CA 91107
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    • $1,598,000

      Pasadena Triplex Near PCC

      Triplex near Pasadena Community College, close to freeway and shops.
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    Similar Nearby for Lease

    • $2,480 /Mo

      High-Traffic Pasadena Retail/Office Space

      Visible Pasadena shopping plaza unit, ideal for retail or office.
      269 S Rosemead Blvd, Pasadena, CA 91107
      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.
      2923 Bradley St, Pasadena, CA 91107
      View Details
    • Contact for pricing
      28,072 SF

      Pasadena Office Space For Rent

      Third floor office space available for rent in Pasadena.
      3475 E Foothill Blvd, Pasadena, CA 91107
      View Details
    • Contact for pricing
      2,448 SF

      Pasadena Flex Unit For Rent

      Flex unit featuring loading door, air conditioning, and kitchenette.
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      Retail Space For Lease

      Retail space available for lease in Pasadena, California.
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      View Details

    Property Visit Statistics

    • Visits by month
      1.7k
    • Visitors by month
      993
    • Avg Time on site
      463 min
    View Listing
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    Pasadena, CA 91107
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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.

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