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740 760 E Colorado Blvd.Pasadena, CA 91101Price: $7,250,000

  • Price: $7,250,000
  • 93 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $7,250,000List Price
  • 0.58Acreage

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Listed by Christopher Comfort of Apex Properties
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.

Property Details of 740 760 E Colorado Blvd.

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 "Based on information submitted to CA_CRMLS as of October 21, 2021 1:54 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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