Courtesy of Apex Properties, Christopher Comfort.

740 E Colorado Blvd. Pasadena, CA 91101
$7,250,000
  • beds
  • 0 baths
  • 14,638 sq ft

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Ling Beh

Ling Beh

Founder

DRE# 01945660

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.

Property Details & Features

Property Type

  • Retail

House

  • 14638 total building sqft

Listing

  • Property Subtype: Retail
  • Listed on 2021-07-21

Location

  • County: Los Angeles

Lot

  • 25407 sqft
  • 0.58 acres
  • Area: 25407
  • Corner Lot

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Contact Details

Telephone:

(626) 487-8827

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