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Property profile & analytics
FOR LEASE
Investment properties

766 E Colorado Blvd Pasadena, CA 91101

21,028 SF 0.31 ac lot Built 1918
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6613205
Property summary
AI-generated overview

This exceptional 14,574 square foot commercial property at 766 E Colorado Blvd in Pasadena, CA 91101 presents a unique investment opportunity. The building, a Class B property constructed in 1924 and renovated in 2000, offers a blend of historic charm and modern functionality. Currently featuring multiple tenancies, there are three available spaces ranging from 550 to 3,840 contiguous square feet, with a total of 9,264 square feet currently vacant. The property is ideally suited for creative office users, coffee shops, or restaurants, given its "Creative Office" subtype designation. The building sits on a 13,345 square foot lot and comprises one two-story building with one elevator. While the exact number of parking spaces is unavailable, the building does offer elevator access for convenient multi-level use. Second-floor office spaces are anticipated to be completed by August 2024. This prime Pasadena location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a unique and well-situated space. The minimum divisible space is 550 square feet, providing flexibility for various business needs.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1918
Construction TILT-UP CONCRETE
Total area 21,028 SF
Lot 0.31 ac (13,312 SF)
Zoning code PSC-
APN 5734-013-005
UPID US09-6613205
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
  • Immigration Law Office of Lucy Avedissian Law Firm
  • Ananya Aesthetics Spa & Massage Center Alternative Medicine Practice
  • Diversity Financial & Insurance Services Insurance Agency
  • Dierks Dryer Vent Air Duct Cleaning (Bike/Boat/Book/etc) Store
  • Nails Spa & Lashes by Tammy Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.51M
Owner & transaction history
Thelonious LLC · 7 yrs held
Thelonious LLC
since 2019
7 recorded transactions
2022
Price N/A
2019
Price N/A
2019
$1.9M
2018
Price N/A
2006
Price N/A
2000
$660,000
2000
Price N/A
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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