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24913323
27818184

85 E Colorado Blvd, Pasadena, CA 91103

CL
CA CA 00980904
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$11,810,000
364 days on market
Updated 105 days ago

Union Savings Building

Details
Property Type Retail, Office
Sub Type Restaurant, Storefront (+1)
Square Footage 18,083
Cap Rate 6.01%
NOI $709,333
Occupancy 100%
Tenancy Multi
Year Built 1902
Acreage 0.140
Ownership Fee Simple (Land & Building)

Retail | 6.01% CAP | 18,083 SqFt

Marketing description

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest in the Union Savings Building, a cornerstone property in the heart of Old Pasadena. The asset, located at the intersection of N. Raymond Avenue and E. Colorado Blvd, was originally constructed in the early 1900s and has undergone a meticulous restoration that preserved its classic brick exterior, oversized windows, and original architectural detail—while introducing high-end modern finishes, state-of-the-art systems, and creative interiors that now define Pasadena’s boutique office and retail.

With a proven operating history that reflects near-continuous 100% occupancy for more than 15 years, the Union Savings Building has become a magnet for design-forward retail and small-tenant creative office users. The building’s long-term consistency is evident in the sustained relevance of Pasadena’s small-tenant office market, which continues to outperform broader regional trends due to limited supply, strong demand from professional and creative services, and a preference for character-rich, boutique environments.

Listing Contacts

CL
CA CA 00980904
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$709,333.00
$59,111.08/mo

Valuation Metrics

0
DSCR
6.01%
Cap Rate
6.01%
ROI

Map

Zoning

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CD-MU-C-AD-1 MixedMixed UseCentral District Mixed Use Core Alcohol 1
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
President/Designated Broker Officer
License
CA License No. 01416734
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
Name
Carlos Lopez
License
CA 00980904
Brokerage
SRS
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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