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Property profile & analytics
FOR LEASE
Retail space
3341 East Colorado Blvd Pasadena, CA 91107
Entity Owned
7-yr Hold
Free & Clear
Property ID
US09-6187248
For Lease
1 / 4
$2,730,000
3341 East Colorado Blvd, Pasadena, CA 91107
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Construction
TILT-UP CONCRETE
Total area
9,176 SF
Lot
0.58 ac (25,394 SF)
Zoning code
PSC-
APN
5754-003-028
UPID
US09-6187248
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
-
Varda (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.57M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$2.73M
Owner & transaction history
3341 East Colorado LLC · 7 yrs held
3341 East Colorado LLC
since 2018
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.2M
+14.2%
Apartment house (5+ units)
$3.7M
+1.3%
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%
$3,865,000
6.5%
$3,570,000
7%
$3,315,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,655,000
Current use
MEDICAL BUILDING
$4,170,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,700,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,595,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$2.73M
Range $2.46M – $3.00M · ±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
$298 / 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
$47,355
Tax year 2024
Assessed value
$4,079,297
Assessed 2024
Previous assessed
$4,079,297
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,624,749
Assessed improvement
$1,454,548
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
For Lease
Year built
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
9,176 SF
Lot
0.58 ac (25,394 SF)
Zoning code
PSC-
APN
5754-003-028
UPID
US09-6187248
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
RETAIL STORES Current
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
3341 East Colorado LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 1048, CORONA DEL MAR, CA 92625-6048
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2018
$3,730,000
3341 East Colorado LLC
Bypass Goto & Tamiko G
Grant Deed
—
May 30, 2014
—
Daniel H Goto
Goto,nancy M
Quit Claim Deed
related
—
May 30, 2014
$3,200,000
Goto,tosh & Tamiko Trust
Luxor Properties INC
Grant Deed
$1,920,000 · Luxor Properties INC
Mar 6, 2006
—
Luxor Properties INC
Albert C Lowe
Grant Deed
$1,450,000 · Xchange Solutions INC
Nov 15, 2004
—
Lowe Eugene H & V T Trust
Lowe Albert Trust
Quit Claim Deed
related
—
Sep 29, 1999
—
Lowe,eugene H Tr Etal
—
Deed Of Trust
related
—
Feb 24, 1994
—
Myers,evelyn L Tr Et Al
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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