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740 760 E Colorado Blvd.

Pasadena, CA 91101
  • $7,250,000
  • STATUS: Active
  • ON SITE: 133 Days
  • ID#: DW21160323
UPDATED: 31 min ago
$7,250,000
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of Chris Comfort of Apex Properties

Description

Please see supplement for details including rent roll. ***** OWNER MAY SELL THE CORNER PARCEL SEPERATELY- PLEASE CALL BROKER FOR DETAILS *****. Two addresses included: 740 and 760 E. Colorado Blvd. We are pleased to present this rare opportunity to acquire two separate buildings in the vibrant and bustling Downtown Pasadena. The corner parcel is located at the signalized intersection of Colorado Blvd and Oak Knoll Ave. There are a total of 5 ground floor retail units as well as office suites on the second floor of each building. The property has 9 on site parking spaces as well. Rents are currently averaging $2.27 psf GROSS, representing rental upside of approximately 30%. Also, over 60% of the center will be month to month within 2 years. At $495 per sq. ft., this property is priced well below the sales comparables in the area, representing an exceptional value.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T15:30:33.99. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
www.necolrealty.com/homes/119558320
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740 760 E Colorado Blvd. Pasadena, CA 91101

  • Price: $7,250,000
  • Status: Active
  • On Site: 133 Days
  • Updated: 31 min ago
  • ID#: DW21160323
0
Beds
0
Baths
0
½ Baths
0.58
Acres
Neighborhood:
647 - Pasadena (SW)
County:
Los Angeles
Area:
647 - Pasadena (SW)
Property Description
Please see supplement for details including rent roll. ***** OWNER MAY SELL THE CORNER PARCEL SEPERATELY- PLEASE CALL BROKER FOR DETAILS *****. Two addresses included: 740 and 760 E. Colorado Blvd. We are pleased to present this rare opportunity to acquire two separate buildings in the vibrant and bustling Downtown Pasadena. The corner parcel is located at the signalized intersection of Colorado Blvd and Oak Knoll Ave. There are a total of 5 ground floor retail units as well as office suites on the second floor of each building. The property has 9 on site parking spaces as well. Rents are currently averaging $2.27 psf GROSS, representing rental upside of approximately 30%. Also, over 60% of the center will be month to month within 2 years. At $495 per sq. ft., this property is priced well below the sales comparables in the area, representing an exceptional value.
Exterior Features

Lot Features Corner Lot

Property Features

Additional Parcels YN Yes Common Interest None Laundry Features None Listing Agreement Exclusive Right To Sell Property Sub Type Retail Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T15:30:33.99. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
 
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Realty ONE Group Southwest
41463 Margarita Rd. Suite 100
Temecula CA, 92591
Listing provided courtesy of Chris Comfort of Apex Properties