2493 E Colorado Boulevard

    Pasadena, CA 91107
    • $3,750,000
    • STATUS: Active
    • ON SITE: 76 days
    • ID#: SR20011045
    $3,750,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,549
      SQFT
    • $325
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    14 Unit Commercial/Residential mixed-use property with upside potential located at the Northwest corner of Colorado & Altadena in Pasadena. The offering consists of two buildings. One is a two story building that faces Colorado Blvd. with about 60 ft of frontage and it has 3 commercial spaces on the first floor and 7 residential units on the second floor. The second building is located along Altadena Dr. and has 4 commercial units all of them are currently leased. The property is located in the Lamanda Park Sub Area East Colorado Specific Plan, where wide variety of commercial as well as mixed use residential development is encouraged. All the rents are currently below market and there is great upside potential. Also, 3 commercial units along the Colorado Blvd. are currently vacant and perfect for owner use or new tenants.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T00:26:48.397. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/102353137

    2493 E Colorado Boulevard Pasadena, CA 91107

    • Price: $3,750,000
    • Status: Active
    • ID#: SR20011045
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    11,549
    SQFT
    $325
    $/SQFT
    1928
    Built
    Neighborhood:
    646 - Pasadena (NE)
    County:
    Los Angeles
    Area:
    646 - Pasadena (NE)
    Property Description
    14 Unit Commercial/Residential mixed-use property with upside potential located at the Northwest corner of Colorado & Altadena in Pasadena. The offering consists of two buildings. One is a two story building that faces Colorado Blvd. with about 60 ft of frontage and it has 3 commercial spaces on the first floor and 7 residential units on the second floor. The second building is located along Altadena Dr. and has 4 commercial units all of them are currently leased. The property is located in the Lamanda Park Sub Area East Colorado Specific Plan, where wide variety of commercial as well as mixed use residential development is encouraged. All the rents are currently below market and there is great upside potential. Also, 3 commercial units along the Colorado Blvd. are currently vacant and perfect for owner use or new tenants.
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner LotRectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 840.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 140460.00 Gross Operating Income 136246.00 Gross Scheduled Income 140460.00 Insurance Expense 4410.00 Land Lease YN No Laundry YN No Maintenance Expense 8587.00 Net Operating Income 72272.00 New Construction YN No New Taxes Expense 46875.00 Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 14 Number Of Separate Water Meters 0 Number Of Units Leased 11 Operating Expense 63974.00 Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 11705.00 Total Expenses 63974.00 Trash Expense 1584.00 Vacancy Allowance 4214 Water Sewer Expense 1678.00 Water Source Public Year Built Source Assessor Zoning Psc*

    Listing provided courtesy of Jonathan Kim of Coldwell Banker Residential Brokerage


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T00:26:48.397. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003