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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Retail properties & Spaces
2956 Colorado Blvd Pasadena, CA 91107-4418
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7842609
Property summary
AI-generated overview
This commercial property is located in Pasadena’s Colorado Boulevard corridor, offering visibility in a commercial district. The location is surrounded by retail centers, dining establishments, financial institutions, and service providers, benefiting from foot traffic. Situated minutes from major highways, the location provides regional connectivity. Fronting a heavily traveled commercial artery, the property offers branding and signage opportunities. The flexible configuration is suited for retail, dining, boutique offices, or mixed-use concepts. The property contains 7333 square feet and is located in Los Angeles County.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
OFFICE BUILDING
Year built
2018
Construction
WOOD
Total area
7,603 SF
Lot
0.38 ac (16,559 SF)
Zoning code
PSC*
APN
5748-016-032
UPID
US09-7842609
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
-
Shahe Jemelian: Allstate Insurance Insurance Agency
-
Grand Century Cruises Travel Agency
-
Exr Art Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
Nine-five Investment LLC · 10 yrs held
Nine-five Investment LLC
since 2016
4 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,895,000
6.5%
$2,675,000
7%
$2,480,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,270,000
Current use
AUTO REPAIR, GARAGE
$3,805,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$3,455,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±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
$345 / 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
$41,967
Tax year 2024
Assessed value
$3,463,995
Assessed 2024
Previous assessed
$3,463,995
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,972,993
Assessed improvement
$1,491,002
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
Retail properties & Spaces
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,603 SF
Lot
0.38 ac (16,559 SF)
Zoning code
PSC*
APN
5748-016-032
UPID
US09-7842609
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Nine-five Investment LLC
Entity
Free & Clear · 10 yrs held
Mailing address
22235 STEEPLECHASE LN, DIAMOND BAR, CA 91765-3636
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
—
Nive Five Investment LLC
—
Deed
related
$1,850,000 · East West Bank
Mar 30, 2016
—
Nine-five Investment LLC
Yang,zhiqiang
Grant Deed
—
Aug 13, 2012
$1,180,000
Zhiqiang Yang
Marshall John F Trust
Grant Deed
—
Nov 8, 2001
—
Marshall,john F Tr
Mckinzie,c W Tr
Grant Deed
related
—
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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