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3864-3870 E Colorado Blvd 5,275 SF 100% Leased Retail Building Pasadena, CA 91107 $3,208,960 CAD ($608.33 CAD/SF)
INVESTMENT HIGHLIGHTS
- Fully Leased | Below Market Rents
EXECUTIVE SUMMARY
Lee & Associates is pleased to present an exceptional acquisition opportunity
at 3864 E. Colorado Blvd, a strategically located retail property in the dynamic
heart of East Pasadena. Built in 1952, this 5,275 square foot building sits on
an 8,845 square foot lot and is uniquely zoned for Mixed Use Development
(MXD)—offering a range of possibilities for investors and developers.
The property currently comprises three retail units & one back office with
garage storage 100% occupied. Ideal for investors, the current rental rates
are only slightly below the current market.
Situated within a Transit Oriented District, the site benefits from a Mixed Use
(MU) designation on the East Pasadena–East San Gabriel Land Use Policy Map.
This allows for a maximum density of 150 units per acre, a 3.0 floor area ratio,
and building heights up to 65 feet, making it especially attractive for future
redevelopment.
Positioned just south of the 210 Freeway and bordered by Rosemead Blvd
and Michillinda Ave, the property sits along one of San Gabriel Valley’s major
thoroughfares. Surrounded by a diverse mix of retail, dining, and residential
communities, the location enjoys strong visibility and consistent foot traffic. It
is also in close proximity to several key destinations, including Hastings Ranch
Plaza, Hastings Village Shopping Center, the LA County Arboretum, Santa
Anita Park, and Westfield Santa Anita Mall—enhancing its appeal through
excellent accessibility and convenience.
Whether you’re seeking immediate rental income or envisioning a longterm
redevelopment, 3864 E. Colorado Blvd offers a compelling investment
opportunity in one of Pasadena’s most vibrant corridors. Take advantage of
this rare chance to secure a property where potential and location intersect.
3864
at 3864 E. Colorado Blvd, a strategically located retail property in the dynamic
heart of East Pasadena. Built in 1952, this 5,275 square foot building sits on
an 8,845 square foot lot and is uniquely zoned for Mixed Use Development
(MXD)—offering a range of possibilities for investors and developers.
The property currently comprises three retail units & one back office with
garage storage 100% occupied. Ideal for investors, the current rental rates
are only slightly below the current market.
Situated within a Transit Oriented District, the site benefits from a Mixed Use
(MU) designation on the East Pasadena–East San Gabriel Land Use Policy Map.
This allows for a maximum density of 150 units per acre, a 3.0 floor area ratio,
and building heights up to 65 feet, making it especially attractive for future
redevelopment.
Positioned just south of the 210 Freeway and bordered by Rosemead Blvd
and Michillinda Ave, the property sits along one of San Gabriel Valley’s major
thoroughfares. Surrounded by a diverse mix of retail, dining, and residential
communities, the location enjoys strong visibility and consistent foot traffic. It
is also in close proximity to several key destinations, including Hastings Ranch
Plaza, Hastings Village Shopping Center, the LA County Arboretum, Santa
Anita Park, and Westfield Santa Anita Mall—enhancing its appeal through
excellent accessibility and convenience.
Whether you’re seeking immediate rental income or envisioning a longterm
redevelopment, 3864 E. Colorado Blvd offers a compelling investment
opportunity in one of Pasadena’s most vibrant corridors. Take advantage of
this rare chance to secure a property where potential and location intersect.
3864
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,275 SF
Building Class
C
Year Built
1952
Price
$3,208,960 CAD
Price Per SF
$608.33 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.20 AC
Zoning
MXD - Mixed Use Development
Parking
11 Spaces (2.09 Spaces per 1,000 SF Leased)
Frontage
130’ on E Colorado Blvd
AMENITIES
- Bus Line
- Signalized Intersection
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5755-028-007 | Improvements Assessment | $704,745 CAD |
| Land Assessment | $1,303,778 CAD | Total Assessment | $2,008,523 CAD |
PROPERTY TAXES
Parcel Number
5755-028-007
Land Assessment
$1,303,778 CAD
Improvements Assessment
$704,745 CAD
Total Assessment
$2,008,523 CAD
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3864-3870 E Colorado Blvd
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