1487 E Colorado Boulevard

    Pasadena, CA 91106
    • $3,380,000
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: PW19125655
    UPDATED: 44 min ago
    $3,380,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,624
      SQFT
    • $510
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1922
    County:

    School Ratings & Info

    Description

    This property is an Office/Retail Mixed Use building directly in front of Pasadena City College. This property consists of 3 retail units on the 1st Floor and 6 Office Units in the 2nd Floor. There is onsite reserved parking spaces for tenants and open street parking. The 2 garages are part of the tenant parking. 2 parcels are included in the sales of the property. Each unit has its own electric meter and 4 units have gas meters. In 2017 the exterior of the building was painted and the building had new copper plumbing installed. New Roof was installed in 2016. Upstairs office is accessible from 2 staircases from Colorado Blvd and Harkness Ave and a hallway to access all the office units. The property is located on the corner of Colorado Blvd and Harkness directly across from PCC and on the path for Rose Parade. Colorado Blvd has various National and Regional food tenants to service the many students that attend the college and the residents. The building is a short distance from the 210 fwy and other shopping and retail centers. Nearby the bus stop and short distance to Metro Station and near CalTech. Do not disturb tenants or walk through building. Contact us for marketing summary.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-19T23:38:25.247. 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 RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/95312085

    1487 E Colorado Boulevard Pasadena, CA 91106

    • Price: $3,380,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: PW19125655
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,624
    SQFT
    $510
    $/SQFT
    1922
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    This property is an Office/Retail Mixed Use building directly in front of Pasadena City College. This property consists of 3 retail units on the 1st Floor and 6 Office Units in the 2nd Floor. There is onsite reserved parking spaces for tenants and open street parking. The 2 garages are part of the tenant parking. 2 parcels are included in the sales of the property. Each unit has its own electric meter and 4 units have gas meters. In 2017 the exterior of the building was painted and the building had new copper plumbing installed. New Roof was installed in 2016. Upstairs office is accessible from 2 staircases from Colorado Blvd and Harkness Ave and a hallway to access all the office units. The property is located on the corner of Colorado Blvd and Harkness directly across from PCC and on the path for Rose Parade. Colorado Blvd has various National and Regional food tenants to service the many students that attend the college and the residents. The building is a short distance from the 210 fwy and other shopping and retail centers. Nearby the bus stop and short distance to Metro Station and near CalTech. Do not disturb tenants or walk through building. Contact us for marketing summary.
    Exterior Features

    Construction Materials BrickStucco Lot Features Corner LotRectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Roof Flat

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels Description 5737004001 Additional Parcels YN Yes Asset Class OfficeRetail Building Area Units Square Feet Building Expenses 1800.00 Building Status Existing Country Us Effective Gross 159954 Gross Scheduled Income 143700.00 Insurance Expense 2945.00 Investment Property YN Yes Land Use OfficeRetail Laundry YN No Leasable Area Units Square Feet Lot Dimensions Source Assessor Maintenance Expense 3600.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 98450.00 Operating Expense 61504.00 Other Expense 900.00 Other Income1 16254.00 Professional Management Expense 6000.00 Property Sub Type Mixed Use Real Estate Tax Expense 42250.00 Special Listing Conditions Standard Total Expenses 61504.00 Trash Expense 1890.00 Water Sewer Expense 2069.00 Water Source Public

    Listing provided courtesy of Carlos Skubacz of Re/Max 2000 and Paul Wong of Re/Max 2000 Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-19T23:38:25.247. 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 RE/MAX Masters. Licensed in the State of California, USA.
     
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