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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Motels
2870 Colorado Blvd Pasadena, CA 91107-4315
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6762257
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1947
Construction
WOOD
Total area
3,512 SF
Lot
0.22 ac (9,750 SF)
Zoning code
PSC*
APN
5748-015-006
UPID
US09-6762257
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
-
Ace Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Anil P Patel · 22 yrs held
Anil P Patel
since 2003
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
Method
Estimation
Statistic approach
by Request
ML approach
$350,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$161 / 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
$11,047
Tax year 2024
Assessed value
$823,543
Assessed 2024
Previous assessed
$823,543
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$681,562
Assessed improvement
$141,981
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
1947
Construction
WOOD
Heating
NONE
Stories
1
Units
12
Bathrooms
12
Total area
3,512 SF
Lot
0.22 ac (9,750 SF)
Zoning code
PSC*
APN
5748-015-006
UPID
US09-6762257
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
1947
Construction
WOOD
Heating
NONE
Stories
1
Units
12
Bathrooms
12
Lot
0.22 ac
Current owner
From public records · entity-resolved
Anil P Patel
Individual
Mailing address
11650 IMPERIAL HWY, NORWALK, CA 90650-2816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2003
—
Anil P Patel
Patel,anil & Rupal A
Quit Claim Deed
related
$448,000 · Wilshire State Bank
Dec 31, 2002
—
Anil Patel
Chiou-lai,szu C
Grant Deed
related
$330,000 · Szu C Chiou-lai
May 21, 2002
$650,000
Szu C Chiou-lai
Yang,chia L
Grant Deed
$330,000 · Standard Savings Bank
May 21, 2002
—
S Chiou-lai
Chiu,h
Quit Claim Deed
related
—
May 14, 2002
—
C Yang
Yang,m
Quit Claim Deed
related
—
May 14, 2002
$635,000
Chia-ling Yang
King Pacific San Gabriel Inv
Grant Deed
—
Mar 14, 2001
$335,000
King Pacific San Gabriel Inves
Luzon Mahogany Exporters INC
Grant Deed
$201,000 · Seller
—
—
King Pacific San Gabriel INC
—
Deed Of Trust
related
$300,000 · Asian Pacific National Bank
—
—
Szu C Lai
—
Deed Of Trust
related
$110,000 · Mei L Yang
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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