940 Un St Pasadena, CA 91106-1778
This exceptional two-story Spanish-style office building, situated on a prominent corner lot in Pasadena's desirable South Lake Business District, presents a unique investment opportunity. Built in 2003, the property boasts approximately 2,924 square feet of space, as per the assessor's records, and sits on a 4,913 square foot lot (assessor's data). The building is classified as Class B office space and offers a compelling blend of aesthetic appeal and functional design. Its 2,216 square feet of usable space is complemented by six on-site parking spaces—a rare find in this highly sought-after location. The building's design incorporates operable windows, providing abundant natural light and panoramic views in all directions. Its prime location near Colorado Blvd and Lake Ave ensures easy access to a wealth of amenities. With a Walk Score of 97, this property is a true "Walkers Paradise," offering unparalleled convenience. Currently generating income, this property is ideal for owner-users seeking a prestigious and highly accessible location for their business operations. The building's Spanish architectural style adds to its unique charm and character, making it a standout property in the heart of downtown Pasadena. This is a rare opportunity to acquire a well-maintained, income-producing office building in a thriving urban environment.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PSC- · Pasadena, CAPasadena. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.