3871 E Colorado Blvd - Office FOR SALE


Pasadena, CA 91107- East Pasadena
$1,999,000 USD
626-354-2813
3871 E Colorado Blvd, Pasadena, CA for Sale
$1,999,000 USD
Office - FOR SALE
1/21
null | 6.52% Cap Rate

3871 E Colorado Blvd
Pasadena, CA 91107
East Pasadena


HIGHLIGHTS

  • PRIME LOCATION WITH EXCELLENT COLORADO BLVD FRONTAGE
  • TWO-LEVEL COMMERCIAL OFFICE BUILDING WITH VERSATILE TENANT MIX
  • CURRENT TENANTS: ACUPUNCTURE EDUCATION & TREATMENT FACILITY (LOWER LEVEL) AND CPA FIRM (UPPER LEVEL)
  • MULTIPLE GROWTH AND REDEVELOPMENT OPPORTUNITIES
  • WELL-MANAGED WITH SOLID EXPENSE CONTROL

OVERVIEW

WELL-POSITIONED COMMERCIAL OFFICE BUILDING WITH EXCELLENT FRONTAGE ON COLORADO BOULEVARD, LOCATED AT THE VIBRANT PASADENA-ARCADIA BORDER. THIS PROPERTY OFFERS VERSATILE MIXED-USE POTENTIAL AND STABLE CURRENT INCOME WITH UPSIDE POTENTIAL. CURRENT TENANTS ON THE LOWER LEVEL ARE AN ACUPUNCTURE EDUCATION AND TREATMENT FACILITY. THE UPPER LEVEL IS CURRENTLY VACANT WHICH MOST RECENTLY HOUSED A LARGE CPA ACCOUNTING FIRM. THE BUILDING PRESENTS A STRONG OPPORTUNITY FOR INVESTORS SEEKING RELIABLE CASH FLOW AND LONGTERM APPRECIATION IN A HIGHLY VISIBLE, HIGH-TRAFFIC CORRIDOR. MASSIVE REDEVELOPMENT OPPORTUNITY OR COMMERCIAL/MIXED USED OR MULTI-FAMILY.

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$196 USD /SF

CAP RATE

6.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

MU

APN/PARCEL ID

5755-033-033

ASK ABOUT THIS PROPERTY

Matthew HelganzMeridian Capital RealtyMore Info
626-354-2813

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Matthew HelganzMeridian Capital RealtyMore Info
626-354-2813

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.