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    1245 E Walnut St Pasadena, CA 91106

    For Sale
    $2,700,000

    6,536 SF office building with owner-user potential.

    Property size:
    6,536 SF
    Lot size:
    0.39 Acres

    Property Features for 1245 E Walnut St

    General Information

    Size
    6,536 SF
    Lot size
    0.39 Acres

    Source: Growth Investment Group California Agent Han Widjaja Chen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pasadena Office Building For Sale

    The property features a 6,536 square-foot building situated on a ±16,881 square-foot lot. The building is divided into 16 individual suites. Eight of these suites, totaling approximately ±2,860 square feet or ±44% of the building, are currently vacant and will be delivered as such, making the building suitable for an owner-user. The remaining eight tenants are on month-to-month leases with rents significantly below market value, presenting an opportunity for an owner-user or developer to increase rents and boost income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ALTA Video Productions Video Production Service Mitch Halpern Realty ... Property Management Company Sound Snob Recording Studio Youth & Family Services Physical Therapy Clinic Pasadena Council on Alcoholism ... Alcoholism Treatment Program

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1246476
    Latitude
    34.1498668

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    FAQs

    What type of property is this?
    Office space - 6,536 SF office building with owner-user potential.
    Where is this office space located?
    The property is located at 1245 E Walnut St Pasadena, CA.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - 8 Vacant Suites (±2,860 SF / ±44%) - **Perfect for owner-user looking to occupy a portion of the building.**; - Significant rental upside with 8 tenants on month-to-month leases below market value.; - Total building size of 6,536 SF.
    (626) 594-4900
    Request Owner's contact information
    1245 E Walnut St Pasadena, CA 91106
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    Pasadena, CA 91106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1245 E Walnut St Pasadena, CA 91106
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