2234 Colorado Blvd Pasadena, CA 91107-3608
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.
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Sim Infotech, Inc (Bike/Boat/Book/etc) Store Corporate Office
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rabco Accounting Firm
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New Generation Computing Inc (Bike/Boat/Book/etc) Store Corporate Office
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George M. Turner Law Offices Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PSC* · Pasadena, CAPasadena. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.