New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,500,000
Investment properties
600 Colorado Blvd Pasadena, CA 91101-6800
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8346323
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1931
Construction
TILT-UP CONCRETE
Total area
15,190 SF
Lot
0.24 ac (10,239 SF)
Zoning code
PSC-
APN
5734-037-002
UPID
US09-8346323
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
-
Anytime Fitness Gym & Fitness Center
-
sweetgreen Restaurant
-
Angels School Supply Department Store
-
Lifted Botanical Wellness Bar Cafe & Coffee Shop
-
Carbon Health Urgent Care Pasadena Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.40M
Blend (final)
Blend
$11.50M
Owner & transaction history
Unified Investments IV LLC · 1 yrs held
Unified Investments IV LLC
since 2024
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.6M
+78.5%
Office building
$9.3M
+56.9%
Neighborhood: shopping center
$9.2M
+55.3%
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
$11,500,000
ML approach
$11,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,625,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$9,345,000
Change: +57% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,245,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,605,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$7,555,000
Change: +27% · Conversion: Easy
MEDICAL BUILDING
$6,905,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$11.50M
Range $10.35M – $12.65M · ±10% · vs last sale $11.50M (Aug 8 2024)
Last sale anchor
$11.50M
Aug 8 2024
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
$757 / 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
$75,482
Tax year 2024
Assessed value
$6,019,016
Assessed 2024
Previous assessed
$6,019,016
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,045,117
Assessed improvement
$3,973,899
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1931
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
15,190 SF
Lot
0.24 ac (10,239 SF)
Zoning code
PSC-
APN
5734-037-002
UPID
US09-8346323
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
RESTAURANT
Est. value
$10.6M
OFFICE BUILDING
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$7.6M
RETAIL STORES
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$6.9M
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
1931
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Unified Investments IV LLC
Entity
Mailing address
2368 TORRANCE BLVD2NDFL, TORRANCE, CA 90501-2500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2024
$11,500,000
Unified Investments IV LLC
Morton Development Group LLC
Grant Deed
—
Nov 12, 2020
—
Morton Development Group LLC
—
Deed
related
$7,500,000 · Mega Bank
Oct 16, 2018
$5,300,000
Morton Development Group LLC
Colorado Creative LLC
Grant Deed
$3,445,000 · Pacific City Bank
Mar 8, 2016
$3,475,000
Colorado Creative LLC
Colorado Group
Grant Deed
—
Mar 8, 2016
—
Caroline W Cotten
Cotten,donald
Quit Claim Deed
related
—
Nov 30, 1999
$122,727
Colorado Group
Cotten,caroline W
Grant Deed
$900,000 · Fcb Taiwan California Bank
Jan 21, 1999
—
Michelle Yang
Yang P Trustee,
Quit Claim Deed
related
—
Dec 30, 1998
—
Michelle Yang
Yang P Trustee,
Quit Claim Deed
related
—
May 20, 1997
—
Caroline W Cotten
Cotten,d T
Quit Claim Deed
related
—
May 20, 1997
$554,000
Caroline W Cotten
United Artits Theatre Circuit
Grant Deed
$800,000 · East West Bank
Oct 5, 1994
$140,108
United Artists Theatre Circuit
Houk Development Co
Trustees Deed
—
Apr 22, 1992
$900,000
Houk Development Co
—
Grant Deed
related
—
—
—
Colorado Group
—
Deed Of Trust
related
$515,000 · First Commercial Bank (usa)
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?”
You own 600 Colorado Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
