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Property profile & analytics
OFF-MARKET Estimated value $1,685,000
Office buildings

2234 Colorado Blvd Pasadena, CA 91107-3608

7,896 SF 0.23 ac lot Built 1983
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US09-6948214
Property summary
AI-generated overview

This exceptional three-story, 9,279 square foot Class B office building in Pasadena, CA, presents a unique owner-user investment opportunity. Located on the prestigious Colorado Boulevard, this 1983-constructed property boasts a highly desirable address along the Rose Parade route, offering unparalleled access to world-class shopping, dining, and entertainment. The building features a thoughtfully designed layout with ample parking (3 spaces per 1,000 square feet) conveniently situated on both sides, accessible via a central breezeway. Overflow parking is available through a neighboring church, presenting potential for future medical office conversion. With a net rentable area of 8,156 square feet, the asking price is $5,300,000, translating to $571.18 per square foot. The property sits on a 0.23-acre lot and benefits from a Walk Score of 90, placing it in a "Walkers Paradise" within easy reach of Old Pasadena, the South Lake Financial District, and the Playhouse District. Its prime location at the intersection of East Colorado Boulevard and Sierra Madre Boulevard provides excellent visibility and accessibility, with over 21,000 cars passing daily, and convenient access to the I-210 Freeway and the Metro Gold Line. The building's location within a strong neighborhood office market, characterized by limited supply and low vacancy rates, further enhances its investment appeal. The potential to leverage the property's location for Rose Parade events or generate additional revenue through parking rentals adds to its overall value proposition. This is a rare chance to acquire a well-maintained, centrally located office building in one of Pasadena's most sought-after areas.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction WOOD
Total area 7,896 SF
Lot 0.23 ac (10,088 SF)
Zoning code PSC*
APN 5747-006-025
UPID US09-6948214
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
  • Sim Infotech, Inc (Bike/Boat/Book/etc) Store Corporate Office
  • rabco Accounting Firm
  • New Generation Computing Inc (Bike/Boat/Book/etc) Store Corporate Office
  • George M. Turner Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$1.69M
Owner & transaction history
Rabco Investors LLC · 18 yrs held
Rabco Investors LLC
since 2008
7 recorded transactions
2023
Price N/A
2008
Price N/A
2007
Price N/A
2007
Price N/A
2007
Price N/A
1993
$645,000
1969
Price N/A
Zoning & alternative use
PSC* · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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