2493-2499 E Colorado Blvd and 19-27 N Altadena Dr (Portfolio)

Multi-Family: Mixed Use

2493 - 2499 E Colorado Blvd, PasadenaCA 91107

Property Details

Location

Address
2493 - 2499 E Colorado Blvd, PasadenaCA 91107
County
Los Angeles
Submarket
AIR - West SGV
Parcels
5746001030
Cross Street
E Colorado Blvd/N Altadena Dr

Building Size

Building Size
11,982 SF
Rentable Space
11,549 SF

Building Details

Type
 Multi-Family: Mixed Use
Number of Buildings
2
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
C
Building Status
Existing
Floors
2
Elevators
Not present
Year Built
1928
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.25 Acres
Land (SF)
10,760 SF
Zoning
PSC
Lot Depth
Lot Width

Contacts

Public Remarks

Two-story (7) unit apartment over ground floor retail located on the signalized corner of the highly traveled Colorado Blvd and Altadena Dr which benefits from high traffic counts per day. The property also houses a single story retail building located in the rear. The site is situated in one of the densest markets in LA County (Pasadena), the subject has high population demographics within a (5) mi. radius with high HH incomes.

Current Listings

2493 E Colorado Blvd

11,982 SF$4,250,000
Cap Rate: 2.98%

Mixed-use value-add opportunity. Provides investors with a potential pro forma return of over 5.6%, current return of 2.98%. Property consists of (2) buildings (freestanding retail building in rear & two-story apartment w/ ground floor retail). Consists of (7) apartments - (6) studio/1 bath & (1) 1 bed/1 bath. (1) vacant apartment & retail currently 62.6% occupied.

Mixed-use value-add opportunity. Provides investors with a potential pro forma return of over 5.6%, current return of 2.98%. Property consists of (2) buildings (freestanding retail building in rear & two-story apartment w/ ground floor retail). Consists of (7) apartments - (6) studio/1 bath & (1) 1 bed/1 bath. (1) vacant apartment & retail currently 62.6% occupied.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

AIRCRE

Source: AIR CRE

More Information

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