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E Colorado Blvd
Pasadena
2030
Kalachian Real Estate Group
Vince Kalachian Melina Kalachian Robert Maroosi Executive Vice President Senior Managing VP Sales Director 818.631.8855 818.522.1900 213.216.9387 [email protected] [email protected] [email protected] 620 N. Brand Blvd., Suite 200 BRE Lic# 01172350 BRE Lic# 01877904 BRE Lic# 01857208 Glendale, CA 91203
E Colorado Blvd
Pasadena
2030
Statement of Confidentiality & Disclaimer
The material contained in this Investment Offering Memorandum is furnished solely for the purpose of considering the purchase of 2030 E Colorado Blvd, Pasadena, CA 91107 and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of Coldwell Banker Commercial or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Property Owner ("Owner") in connection with the sale of the Property is Coldwell Banker Commercial, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to Coldwell Banker Commercial. The Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and Broker and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum. Neither Owner nor Broker nor any of their respective officers, Agents or principals has made or will make any representations or warranties, express or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of the Memorandum or its contents.
Analysis and verification of the information contained in the Memorandum is solely the responsibility of the prospective buyer, with the Property to be sold on an as is, where-is basis without any representations as to the physical, financial or environmental condition of the Property. Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with any entity at any time with or without notice. Owner has no legal commitment or obligations to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until such sale of the Property is approved by Owner in its sole discretion, a written agreement for purchase of the Property has been fully delivered, and approved by Owner, its legal counsel and any conditions to the Owner’s obligations there under have been satisfied or waived. PLEASE DO NOT DISTURB OR CONTACT TENANTS ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. For more information contact: Vince Kalachian Melina Kalachian 818.631.8855 818.522.1900 [email protected] [email protected] Robert Maroosi 213.216.9387 [email protected] © 2019 Coldwell Banker Commercial. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
E Colorado Blvd
Pasadena
2030
Investment Overview
E Colorado Blvd
Pasadena
2030 INVESTMENT HIGHLIGHTS
ASKING PRICE $5,650,000 ADDRESS 2030 East Colorado Blvd, Pasadena, CA 91107 EXISTING IMPROVEMENTS Commercial auto dealership, auto repair shop and showroom Number of Stories: 1 Total Area: ±10,877 SF LOT SIZE ±47,500 SF (± 1.09 Acres) YEAR BUILT 1910, 1933, 1965 APN 5747-014-034, 036, 037, 038, 039 ZONING ECSP–CG–4 Commercial General The Route 66 area CURRENT LEASE END DATE Month-to-month – To be delivered vacant POTENTIAL USE Hotel, shopping center, office building, medical, mixed use, restaurant and most commercial uses. Buyer to check with city.
Kalachian Investment Group as exclusive advisor is pleased to present
a rare opportunity to purchase over an acre land on Colorado Blvd.
A commercial and/or development investment opportunity consisting
of an existing ±10,877 square feet, auto dealership, auto repair shop
and showroom retail store, with a development potential on ±47,500
square feet of corner land, with 200 feet frontage on Colorado Blvd.
Located in Pasadena, California, the property offers developers and
investors the unique opportunity to acquire an exceptionally located,
great visibility that is ideal for development of hotel, shopping center,
office building, medical, mixed use, restaurant and most commercial
uses.
2030 East Colorado Boulevard is only five blocks from Pasadena City
College, one mile from Downtown Pasadena and two miles from Old
Town.
E Colorado Blvd
Pasadena
2030 ARIEL VIEW
E Colorado Blvd
Pasadena
2030 PARCEL MAP
E Colorado Blvd
Pasadena
2030
E Colorado Blvd
Pasadena
2030
E Colorado Blvd
Pasadena
2030
LOCATION MAP
2030E Colorado Blvd
E Colorado Blvd
Pasadena
2030 REGIONAL MAP
2030E Colorado Blvd
E Colorado Blvd
Pasadena
2030
Area Description
E Colorado Blvd
Pasadena
2030 TRANSPORTATION
Metro is the primary public transportation system for Los Angeles;
Pasadena is serviced by the Metro Gold Line (light rail train) and Metro
Bus.
Short Term Bike Rental. Metro Bike Share is a great way to explore
Pasadena. With 30 plus bike stations throughout Pasadena, Metro Bike
Share is a convenient travel option for everyone. Ride to several of the
city’s top attractions throughout the Playhouse District, Old Pasadena,
South Lake Avenue, Caltech, and the Rose Bowl, among many more
Pasadena Transit is a local bus system of six routes that are designed
to compliment the Metro Gold Line and Foothill Transit. Metro gets
visitors to Pasadena from other parts of Los Angeles, while Foothill
Transit gets visitors to Pasadena from the San Gabriel Valley; once you
have arrived, Pasadena Transit is a convenient way to visit the
city’s points of interest and hotels.
Foothill Transit services the foothill communities, the San Gabriel
Valley and Pomona Valley, and offers express buses to Pasadena and
Los Angeles.
E Colorado Blvd
Pasadena
2030 METRO GOLD LINE MAP
2030E Colorado Blvd
E Colorado Blvd
Pasadena
2030 EDUCATION
Pasadena has a multifaceted inventory of world class educational
institutions, such as the California Institute of Technology, Art Center
College of Design, Fuller Theological Seminary, Pasadena City College,
Pacific Oaks College and other private schools.
Each institution complements current and emerging economic trends
to produce a rich source of skilled labor capable of pursuing highly
specialized occupations and business ventures. A healthy economic
environment that supports these institutions will continue to elevate
Pasadena’s advantage over other cities in the region.
E Colorado Blvd
Pasadena
2030 TOURISM
Old Town Pasadena
Old Town Pasadena is a beautiful shopping, entertainment,
and nightlife neighborhood that features diverse
restaurants, shops, and attractions. Located just ten miles
east of downtown Los Angeles, Old Town Pasadena is a
popular hub for tourism, the arts, entertainment, and
spectacular sightseeing. Nationally recognized for its
vibrant main street revitalization the Old Pasadena district is
home to an eclectic mix of more than 200 one-of-a-kind
specialty boutiques and exclusive national retailers
concentrated in an authentic downtown. Old Pasadena
offers memorable architecture and reflects the traditions of
early California, blending in a cultivated collection of
shopping, delectable dining and endless entertainment.
Situated on over ten blocks mainly along the famed
Colorado Boulevard, Old Town Pasadena is a fairly-recently
revitalized district that reintroduces early twentieth century
architecture, vintage American charm, and its rustic
character. The city’s original commercial hub in the 19th
century, Old Pasadena’s historic streets and alleyways,
rustic brick façades and architectural accents of Pasadena's
original business district are alive again with open-air
eateries, specialty boutiques, galleries, theaters, antique
shops, a skillful blend of old and new that has reclaimed the
heritage of Pasadena's early downtown charm.
The 22-block area is listed on the National Register of
Historic Places and encompasses two city parks, a historic
performance band shell, and the Moorish influenced Castle
Green, one of Pasadena’s first grand hotels, built in 1898.
Playhouse District
Connecting Old Town Pasadena, Paseo Colorado and the
Lake Avenue business corridor is Pasadena’s charming
Playhouse District. Known for an eclectic mix of antique
sellers, museums, bookstores, restaurants, and one-of-
a-kind shops, all enhanced with culture and 1920s
architecture, the Playhouse District is one of Pasadena’s
strongest centers for art, literature and entertainment.
The area enjoys a 7-screen Laemmle Art cinema as well
as the ever popular expanded Vroman’s Bookstore. At
the heart of the district is the iconic Pasadena
Playhouse. Listed on the National Register of Historic
Places, the Pasadena Playhouse has been the cultural
center of the district, home to a diverse variety of
theatrical productions since 1917.
South Lake Avenue
A European-style tree-lined avenue, the South Lake
district is flanked by a mixture of Pasadena institutions,
as well as brand-name stores and restaurants. Its
cornerstone, Macy’s department store, is a sleek,
modern icon, circa 1947, designed by renowned
architect Welton Becket, and in the spirit of the district
the building is small enough for easy navigation. The
10-block area winds its way between Colorado and
California boulevards.
E Colorado Blvd
Pasadena
2030
Location Overview
E Colorado Blvd
Pasadena
2030 AREA OVERVIEW Pasadena is served by several major freeways. The Foothill (Interstate 210)
Freeway traverses the city in an east/west direction. This freeway runs from
the north San Fernando Valley to the eastern portion of Los Angeles County.
On the west side of Pasadena, the Foothill Freeway connects to the Ventura
(State Route 134) Freeway, which continues westward through Glendale and
the San Fernando Valley. The Long Beach (Interstate 710) Freeway extends
from Long Beach to Alhambra (south of Pasadena) and may eventually
connect to the Foothill Freeway. The Pasadena (Interstate 110) Freeway
provides direct access between the southwestern portion of Pasadena to
downtown Los Angeles, continuing to the South Bay. This freeway is
particularly significant in that it makes Pasadena one of the most accessible
areas to downtown Los Angeles.
MAJOR AREA EMPLOYERS INCLUDE:
E Colorado Blvd
Pasadena
2030 LOCATION HIGHLIGHTS Pasadena, best known as the site of the Tournament of Roses Parade each New Year's Day and host of the annual Rose Bowl football game, Pasadena is also home to many scientific and cultural institutions, including the California Institute of Technology (Caltech), the Jet Propulsion Laboratory, the Pasadena Playhouse, the Norton Simon Museum of Art and the Pacific Asia Museum. With 16 historical districts packed into 23 square miles, Pasadena has a refreshing old-time feel with a wealth of incredible architecture and approximately 1,000 buildings that are listed on the National Register of Historic Places to discover (according to the Pasadena Chamber of Commerce). Food lovers can enjoy over 500 restaurants covering the gamut of food categories and international cuisines before heading off to the historic Playhouse District, an intimate scene where art, architecture, and culture abound. Residents and visitors can enjoy pleasant surroundings while finding one-of-a-kind treasures in one of Pasadena’s multitude of unique community gathering places, boutiques, and shopping districts. Whether it is architecture, sightseeing, dining and shopping or art and culture, Pasadena has something for everyone.
COMMUNITY AVERAGE DRIVE TIME FROM SITE
Burbank 19 minutes
La Canada Flintridge 15 minutes
Glendale 20 minutes
Silver Lake 22 minutes
Los Feliz 21 minutes
Downtown Los Angeles 29 minutes
Studio City 27 minutes
Sherman Oaks 34 minutes
Encino 38 minutes
Arcadia 13 minutes
Hollywood 18 minutes
West Hollywood 30 minutes
Westwood 48 minutes
Beverly Hills 45 minutes
Century City 54 minutes
Valencia 55 minutes
E Colorado Blvd
Pasadena
2030 DEMOGRAPHICS
Source: Costar
E Colorado Blvd
Pasadena
2030
PLEASE DO NOT DISTURB OR CONTACT TENANTS
For more information contact: Vince Kalachian Executive Vice President 818.631.8855 [email protected] BRE Lic# 01172350 Melina Kalachian Senior Managing VP 818.522.1900 [email protected] BRE Lic# 01877904 Robert Maroosi Sales Director 213.216.9387 [email protected] BRE Lic# 01857208 © 2019 Coldwell Banker Commercial. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
