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Property profile & analytics
OFF-MARKET
Estimated value
$8,380,000
Theaters & concert halls
659 Colorado Blvd Pasadena, CA 91101
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0094120
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1999
Construction
TILT-UP CONCRETE
Total area
22,897 SF
Lot
0.56 ac (24,388 SF)
Zoning code
PSC-
APN
5723-029-025
UPID
US10-0094120
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
-
Pasadena Rent A Car Car Rental Facility
-
Electrician Pasadena Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.41M
Blend (final)
Blend
$8.38M
Owner & transaction history
673 E Col Properties LLC · 5 yrs held
673 E Col Properties LLC
since 2020
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$13.9M
+91.7%
Auto repair, garage
$11.5M
+57.7%
Retail stores
$11.4M
+56.7%
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
$8,575,000
ML approach
$8,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$7,270,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,935,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,460,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$11,390,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$10,410,000
Change: +43% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,670,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$8.38M
Range $7.54M – $9.22M · ±10% · vs last sale $7.25M (Oct 30 2020)
Last sale anchor
$7.25M
Oct 30 2020
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
$366 / 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
$97,720
Tax year 2024
Assessed value
$7,693,757
Assessed 2024
Previous assessed
$7,693,757
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$3,077,503
Assessed improvement
$4,616,254
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
22,897 SF
Lot
0.56 ac (24,388 SF)
Zoning code
PSC-
APN
5723-029-025
UPID
US10-0094120
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
THEATER (MOVIE) Current
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.9M
AUTO REPAIR, GARAGE
Est. value
$11.5M
RETAIL STORES
Est. value
$11.4M
MEDICAL BUILDING
Est. value
$10.4M
INDUSTRIAL (GENERAL)
Est. value
$9.7M
THEATER (MOVIE) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
673 E Col Properties LLC
Entity
Mailing address
2834 W IMPERIAL HWY, INGLEWOOD, CA 90303-3112
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
—
673 E Col Properties LLC
—
Deed
related
$6,600,000 · Midfirst Bank
Oct 30, 2020
$7,250,000
673 E Col Properties LLC
Laemmle Pasadena Limited Partnershi
Grant Deed
$5,000,000 · Bank Leumi USA
Jul 26, 2002
—
Laemmmle-pasadena
Laemmle,r
Quit Claim Deed
related
—
Sep 3, 1999
—
Robert Laemmle
Laemmle,m M
Quit Claim Deed
related
—
Aug 15, 1997
$420,000
Sharon Trust
Titus,frank L & Jacqueline C
Trustees Deed
—
Dec 30, 1996
—
Sharon,william F Trustee
Sharon,w F
Quit Claim Deed
related
—
Jul 10, 1996
—
Sharon,carol B Trustee
Sharon,c B
Quit Claim Deed
related
—
Jun 8, 1995
$200,000
William F Sharon
Ojai Capital
Trustees Deed
—
Mar 9, 1988
$866,000
Ojai Capital
Shar
Grant Deed
related
$432,900 · Sharon William F
—
—
Vroman Real Estate Ventures
—
Deed Of Trust
related
$400,000 · Foothill Independent Bank
—
—
Ojai Capital
—
Deed Of Trust
related
$75,000 · Vroman's Real Esta
—
—
Ojai Capital
—
Deed Of Trust
related
$60,000 · Vromans Real Est
—
—
Ojai Capital
—
Deed Of Trust
related
$60,000 · Vromans Real Est
—
—
Equitable Deed Co
—
Deed Of Trust
related
$2,329,000 · Bank Of America Community Dev
—
—
Robert Laemmle
—
Deed Of Trust
related
$998,000 · California Statewide Certified
—
—
Equitable Deed Co
—
Deed Of Trust
related
$971,000 · Bank Of America Community Dev
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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