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Property profile & analytics
OFF-MARKET
Estimated value
$3,295,000
Motels
2863 Colorado Blvd Pasadena, CA 91107-4311
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-6762824
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1970
Construction
WOOD
Total area
25,431 SF
Lot
1.04 ac (45,094 SF)
Zoning code
PSC*
APN
5748-007-020
UPID
US09-6762824
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
-
233 east beaudry Hostel
-
Motel 6 Pasadena, CA – Old Town Pasadena Area Hotel & Motel
-
Super 8 by Wyndham Pasadena/LA Area Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.30M
Owner & transaction history
Bhakta,raj & Urmila Trust · 11 yrs held
Bhakta,raj & Urmila Trust
since 2015
7 recorded transactions
Zoning & alternative use
PSC* · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$130 / 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
$62,847
Tax year 2024
Assessed value
$4,851,928
Assessed 2024
Previous assessed
$4,851,928
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,433,850
Assessed improvement
$3,418,078
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Units
71
Bathrooms
71
Total area
25,431 SF
Lot
1.04 ac (45,094 SF)
Zoning code
PSC*
APN
5748-007-020
UPID
US09-6762824
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC* · Pasadena, CA
Zoning PSC* · permitted uses
PSC* · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Units
71
Bathrooms
71
Lot
1.04 ac
Current owner
From public records · entity-resolved
Bhakta,raj & Urmila Trust
Trust
Mailing address
2863 E COLORADO BLVD, PASADENA, CA 91107-4311
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2015
—
Bhakta,raj & Urmila Trust
Bhakta Raj K & Urmila
Quit Claim Deed
related
—
Feb 15, 2002
$3,470,000
Raj K Bhakta
Chiou-lai,szu C
Grant Deed
$2,000,000 · Standard Savings Bank
Nov 21, 1997
$1,165,000
Szu C Choiu-lai
Pranav & Shah LLC
Grant Deed
$900,000 · San Diego First Bank
Sep 12, 1997
$250,000
Szu C Lai
Jhl Investment
Grant Deed
—
Apr 2, 1997
$325,000
Jhl Investment INC
Ward,robert L & Marian R
Grant Deed
$275,000 · Individual
—
—
Szu C Lai
—
Deed Of Trust
related
$280,000 · Individual
—
—
Szu C Lai
—
Deed Of Trust
related
$300,000 · Individual
—
—
Szu C Lai
—
Deed Of Trust
related
$110,000 · Individual
—
—
Raj K Bhakta
—
Deed Of Trust
related
$55,000 · Re/max Tri-city Realty
—
—
Raj K Bhakta
—
Deed Of Trust
related
$30,000 · Szu C Chiou-lai
—
—
Szu C Lai
—
Deed Of Trust
related
$50,000 · Individual
—
—
Bhakta,raj & Urmila Trust
—
Loan Modification
related
$2,730,000 · Bbcn Bk
—
—
Raj K Bhakta
—
Loan Modification
related
$2,900,000 · Bbcn Bk
—
—
Szu C Lai
—
Deed Of Trust
related
$220,000 · Fuan W
—
—
Szu C Lai
—
Deed Of Trust
related
$300,000 · Mei L Yang
—
—
Szu C Lai
—
Deed Of Trust
related
$300,000 · Mei L
—
—
Szu C Lai
—
Deed Of Trust
related
$85,000 · Bih T
—
—
Raj J Bhakta
—
Deed Of Trust
related
$3,150,000 · Nara Bank
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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