740 760 E Colorado Blvd., Pasadena, CA 91101

$7,250,000
List Price
$7,250,000
Status
ACTIVE
MLS#
DW21160323
Lot Size
25,407
Acres
0.58
Lot Location
Corner Lot
Days on Market
13
Property Type
Commercial
Property Sub Type
Retail

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.

Additional Information

Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Christopher Comfort from Apex Properties

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.