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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    844 Colorado Blvd Los Angeles, CA 90041

    • Office buildings
    • 4,560 SF
    • 0.15 lot acres
    For Lease
    View listing
    $750 /Mo
    Last Sale
    Sep 16, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7069175
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Perceptive Enterprises Inc / Business Management Consultant
    • Pure Glass Window Cleaning / General Contractor / Renovation Specialist
    • Aim Fx Dental Arts / Dental Office
    • Rusty Watkins / Tax Preparation
    • Fast Appraisals 4 U / Real Estate Agency

    Property Details for 844 Colorado Blvd

    Year built
    1954
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    4,560 SF
    Zone code
    LACR
    Property type
    Office buildings
    APN
    5709-003-006
    APU
    5709003006

    Description

    This exceptional commercial property, located at 844 Colorado Boulevard in the vibrant Eagle Rock neighborhood of Los Angeles, CA 90041, presents a unique opportunity. The property is classified as industrial and offers a versatile 700 square foot warehouse space, perfect for a variety of businesses. The building sits on a 0.15-acre lot and features one suite within the building. The property is conveniently situated on Colorado Boulevard, between Pasadena and Eagle Rock, offering excellent visibility and accessibility. One reserved parking space is included, with ample street parking also available. The property is currently configured as office space, but its industrial zoning allows for flexible use. Utilities are handled with a combination of landlord and tenant responsibility. The landlord covers water, trash, electricity, and gas. While the listed space is 700 square feet, a total of approximately 1400 square feet of office space is available, potentially divisible into two 700 square foot units. This presents an excellent opportunity for a single tenant or two smaller businesses seeking a collaborative space. This prime Los Angeles location, combined with the flexible space and attractive utility arrangement, makes this property an ideal investment. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,082,000
      Market price range: $1.08M - $3.61M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.184
    Latitude
    34.1398
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,874
    $44,670
    $143,953
    $188,623
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $1,900,000
      4,986 SF

      2750 Broadway

      PROFESSIONAL BUILDING • 4,986 SF
      2750 Broadway, Los Angeles, CA 90041-1050
      View Details
    • Value Estimation
      $7,315,000
      24,786 SF

      7470 Figueroa St

      OFFICE BUILDING (MULTI-STORY) • 24,786 SF
      7470 Figueroa St, Los Angeles, CA 90041-1710
      View Details
    • Value Estimation
      $4,460,000
      15,114 SF

      7462 Figueroa St

      OFFICE BUILDING • 15,114 SF
      7462 Figueroa St, Los Angeles, CA 90041-1716
      View Details
    • Value Estimation
      $8,660,000
      29,911 SF

      5015 Eagle Rock Blvd

      OFFICE BUILDING (MULTI-STORY) • 29,911 SF
      5015 Eagle Rock Blvd, Los Angeles, CA 90041-2085
      View Details
    • Value Estimation
      $880,000
      4,580 SF

      4619 York Blvd

      OFFICE BUILDING • 4,580 SF
      4619 York Blvd, Los Angeles, CA 90041-3331
      View Details
    • Value Estimation by Request
      1,274 SF

      1114 Colorado Blvd

      OFFICE BUILDING • 1,274 SF
      1114 Colorado Blvd, Los Angeles, CA 90041-2504
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,114 SF

      Mid-Century Modern Office Building

      Two-story office building with creative finishes and efficient suites.
      7462 N Figueroa St, Los Angeles, CA 90041
      View Details
    • $3,200,000
      10,016 SF

      +/- 10,016 SQUARE FEET OFFICE or MEDICAL BUILDING ADJACENT TO 134 FREEWAY For Sale/Lease

      +/- 10,016 SQUARE FEET OFFICE or MEDICAL BUILDING ADJACENT TO 134 FREEWAY For Sale/Lease
      800 Colorado Blvd, Los Angeles, CA 90041
      View Details
    • Contact for pricing
      1,264 SF

      Freestanding Office Building with Parking

      Renovated office building featuring parking and modern finishes.
      1112 Colorado Blvd, Los Angeles, CA 90041
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    • $1,250,000
      1,598 SF

      Eagle Rock Commercial Building For Sale

      Two-level commercial building in Eagle Rock with parking and modern upgrades.
      1063 Colorado Blvd, Eagle Rock, CA 90041
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    • $2,250,000

      Two-Story Office in Condominium Complex

      Two-story office in a cohesive community near Old Town Pasadena.
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    • $1,495,000

      Eagle Rock Multifamily Investment Opportunity

      Six-unit property in Eagle Rock near Occidental College.
      2215 Norwalk Ave, Los Angeles, CA 90041
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    Similar Nearby for Lease

    • $2,500 /Mo
      400 SF

      Office Space Available For Rent

      Office space available for rent, 400 square feet.
      Eagle Rock Blvd, Los Angeles, CA 90041
      View Details
    • $750 /Mo
      378 SF

      Office Space in Los Angeles

      Office space for lease in Los Angeles, approximately 378 sq.ft.
      844 Colorado Blvd, Los Angeles, CA 90041
      View Details
    • $34 SF/Yr
      15,114 SF

      Figueroa Street Office Building

      Mid-century modern office space available in Los Angeles.
      7462 Figueroa St, Los Angeles, CA 90041
      View Details
    • $7,995 /Mo

      Creative Commercial Space For Rent

      Newly completed 2,665 SF commercial unit ready for occupancy.
      2767 W Broadway, Los Angeles, CA 90041
      View Details
    • Contact for pricing
      482,149 SF

      Eagle Rock Plaza: Retail Opportunity

      Large Retail Space, High Visibility, Los Angeles
      2700 Colorado Blvd, Los Angeles, CA 90041
      View Details
    • $2 SF/Yr
      4,500 SF

      Retail Space on Colorado Boulevard

      High-visibility retail space with street frontage available for lease.
      2751 Colorado Blvd, Los Angeles, CA 90041
      View Details
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    Los Angeles, CA 90041
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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