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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
3324 Colorado Blvd Pasadena, CA 91107-3861
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8475013
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
TILT-UP CONCRETE
Total area
1,600 SF
Lot
0.12 ac (5,318 SF)
Zoning code
LCC3*
APN
5754-015-022
UPID
US09-8475013
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
-
Kim's Hapkido Martial Arts Training Center Sports School
-
Jack Boyajian - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$861k
Blend (final)
Blend
$855k
Owner & transaction history
Khajak Boyajian · 3 yrs held
Khajak Boyajian
since 2023
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
LCC3* · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$975,000
+52.9%
Office building
$900,000
+41.1%
Auto repair, garage
$800,000
+25.7%
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
$860,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$620,000
7%
$580,000
Alternative Use
Use
Estimation
RETAIL STORES
$635,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$975,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$900,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$800,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$625,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $850k (Jun 2 2023)
Last sale anchor
$850k
Jun 2 2023
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
$534 / 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
$10,595
Tax year 2024
Assessed value
$902,026
Assessed 2024
Previous assessed
$902,026
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$530,604
Assessed improvement
$371,422
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
1,600 SF
Lot
0.12 ac (5,318 SF)
Zoning code
LCC3*
APN
5754-015-022
UPID
US09-8475013
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC3* · Pasadena, CA
Zoning LCC3* · permitted uses
LCC3* · 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
RETAIL STORES Current
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$975,000
OFFICE BUILDING
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$800,000
MEDICAL BUILDING
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$625,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Khajak Boyajian
Individual
Mailing address
1112 N LK AVE, PASADENA, CA 91104-3739
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Khajak Khoren Boyajian
—
Deed
related
$2,000,000 · United States Small Business Admin
Jun 2, 2023
—
Khajak Boyajian
Khajak K Boyajian
Intrafamily Transfer
related
—
Jul 13, 2021
—
Khajak K Boyajian
—
Deed
related
$347,000 · Cdc Small Business Finance Corp
Jun 18, 2021
$850,000
Khajak K Boyajian
Woong Kim Han
Grant Deed
$425,000 · Jpmorgan Chase Bank NA
Jun 7, 2019
—
Woong Kim Han
—
Deed
related
$525,000 · Wells Fargo Bank NA
Jul 20, 2012
$655,000
Woong Kim Han
Hugh John Maguire JR
Grant Deed
—
Jul 20, 2012
—
Han W Kim
Kim,stevie S
Quit Claim Deed
related
—
Jun 3, 2004
$450,000
Hugh J Maguire
Steele,richard J & Julia A
Grant Deed
$300,000 · Richard J & Julia A Steele
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.
Try Rey
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