Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Central

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Features

    Rectangular Lot

  • Lot Size(acres)

    0.1653

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $3,200,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of SUSAN HSIEH , Susan Hsieh, Broker

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Directly across from Pasadena Community College, Two retail downstairs includes Milkcow softserve ice cream and Bobaful Tea Shop. Second floor offices located upstairs.



Property addresses includes 1513 , 1515, and 1517 E Colorado Blvd

Pasadena, CA 

Building Tenants Fully Occupied by with with Tenants

Half a million dollars went into remodeling the building

Rear of building features a Gated Parking Lot with 12 Parking Spaces

1513 E Colorado Boulevard

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Related Properties

The property is single story commercial office property with superb exposure right on Walnut St, located between Lake Ave and Hill Ave, and south of 210 FWY, it is the first time this property is being offered for sale since 1973! It is on a large ±16,881 SF/0.39ACRE corner lot with high density CG (Commercial General) zoning. A savvy developer would be able to maximize this lot with a high-density mixed-use redevelopment project (ground floor retail, and residential on subsequent floors). 



It has a total of 6,536SF building size on a ±16,881SF lot. It is separated into 16 individual suites. 8 of the suites are vacant and will be delivered vacant (approximately ±2,860 SF / ±44% - buyer to verify) which makes this building suitable for an owner-user. The remaining 8 tenants are all on month-to-month rent and are significantly below market. This clear rental upside provides clear opportunities for an owner-user or developer to immediately increase the rents and boost the current income. 



The property has a wide ±150ft exposure on Walnut Street and offers a CG (Commercial General) zoning which should allow much higher density redevelopment options (buyer to verify). The zoning allows a wide range of uses including (but not limited to): Medical use, Medical R&D, Retail, Residential, Transit-Oriented Development, Professional Office, and other wide range of uses. It enjoys a high traffic volume of ±16,808 CPD and has superb demographics with ±$125,686 average household income within a mile radius.



The building has attractive curb appeal and separately metered for electricity. There are 17 electrical meters – the main panel has been updated. There are 2 shared bathrooms. Parking is in the back with 16 open space and 1 disabled parking – ratio is 2.65/1000. It has a minimum landscaping in the front for easier maintenance. 



The property is located within the central Pasadena area (near Pasadena City College and California Institute of Technology), south of 210 Freeway and just within minutes to Lake Ave District, Pasadena Playhouse, and Old Town Pasadena area. Boasting a Walk Score of 85 with SUPERB demographics, it offers a superior location with easy access to FWY 210 and FWY 134. It is approximately a mile away from Pasadena Playhouse District, and around ±1.8miles from Old Town Pasadena. It is also just minutes from The Pasadena Convention Center, Norton Simon Museum, Pacific Asia Museum, shopping and dining in the area.
#AR25096444

Pasadena

1245 E Walnut Street

None Beds

None Baths

6,536 Sq.Ft.

$2,700,000

MLS#: AR25096444

Mixed use building (Commercial/Office/residential) on a busy commercial street surrounded by residential streets. Two level building. Retail space 3650 SQFT. approx downstairs and 2 apartment units upstairs total 2392 SQFT with 3 bedrooms 2 baths, 1196 SQFT. each unit featuring outside large patio area. 2 car garage accessed from the alley. The building's interior & exterior was recently face lifted except for the retail due to not disrupting business. Upstairs apartments can be delivered vacant upon close of escrow. New Owner can choose  to keep Retail tenant or negotiate new lease contract.
#P1-21903

Pasadena

1517 E Washington Boulevard

None Beds

None Baths

6,550 Sq.Ft.

$3,625,000

MLS#: P1-21903

 - property

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