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Property profile & analytics
OFF-MARKET
Estimated value
$24,955,000
Office buildings
350 Colorado Blvd Pasadena, CA 91105-1808
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8008770
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Construction
STEEL FRAME
Total area
88,304 SF
Lot
0.96 ac (41,798 SF)
Zoning code
PSC*
APN
5713-011-014
UPID
US09-8008770
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
-
Wells Fargo Bank Bank Loan Service
-
Kassabian Mark Law Firm
-
Buehler & Kassabian, LLP Law Firm
-
Gregory R Ellis Law Offices Law Firm
-
Emily Luan - 711782 - Wells Fargo Home Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.96M
Owner & transaction history
350 Colorado Spdc LLC · 11 yrs held
350 Colorado Spdc LLC
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,625,000
6.5%
$31,040,000
7%
$28,820,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$40,140,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$24.96M
Range $22.46M – $27.45M · ±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
$283 / 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
$444,839
Tax year 2024
Assessed value
$38,883,396
Assessed 2024
Previous assessed
$38,883,396
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$7,423,190
Assessed improvement
$31,460,206
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Total area
88,304 SF
Lot
0.96 ac (41,798 SF)
Zoning code
PSC*
APN
5713-011-014
UPID
US09-8008770
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
MEDICAL BUILDING
Est. value
$40.1M
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
1984
Construction
STEEL FRAME
Heating
NONE
Lot
0.96 ac
Current owner
From public records · entity-resolved
350 Colorado Spdc LLC
Entity
Mailing address
14724 VENTURA BLVD STE #700, SHERMAN OAKS, CA 91403-3519
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2021
—
350 Colorado Spdc LLC
—
Deed
related
$15,580,000 · Banc Of California NA
May 29, 2015
$33,000,000
350 Colorado Spdc LLC
Truck Underwriters Assn
Grant Deed
—
Dec 23, 2004
—
Truck Underwriters Association
Farmers Group INC
Grant Deed
related
—
May 11, 2004
—
Farmers Group INC
Aew Lt 350 W Colorado LLC
Grant Deed
related
—
Dec 7, 2001
—
Aew Lt 350 West Colorado LLC
Spp Real Estate INC
Grant Deed
related
—
Oct 4, 1999
$15,651,000
Real Est Spp
Principal Life Ins,
Grant Deed
—
Mar 14, 1995
$10,537,600
Principal Mutual Life Insuranc
Colorado Terrace Associates
Trustees Deed
—
Feb 2, 1995
$10,537,600
Principal Mutual Life Insuranc
Colorado Terrace Assoc LP
Trustees Deed
—
Oct 29, 1993
$10,537,600
Principal Mutual Life Insuranc
Colorado Terrace
Trustees Deed
—
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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