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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Warehouses
1673 Walnut St Pasadena, CA 91106-1623
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9122796
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
TILT-UP CONCRETE
Total area
2,950 SF
Lot
0.2 ac (8,696 SF)
Zoning code
PSC-
APN
5737-016-052
UPID
US09-9122796
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Landscape Warehouse Inc. Garden Center Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Hyung Kim Gi · 4 yrs held
Hyung Kim Gi
since 2021
Last sale
$699,000
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+33.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$830,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$865,000
Current use
COMMERCIAL (GENERAL)
$1,155,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $699k (Dec 30 2021)
Last sale anchor
$699k
Dec 30 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$241 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,617
Tax year 2024
Assessed value
$1,224,522
Assessed 2024
Previous assessed
$1,224,522
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$698,006
Assessed improvement
$526,516
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
2,950 SF
Lot
0.2 ac (8,696 SF)
Zoning code
PSC-
APN
5737-016-052
UPID
US09-9122796
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC- · Pasadena, CA
Zoning PSC- · permitted uses
PSC- · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Hyung Kim Gi
Individual
Mailing address
3341 DEER CRK LN, GLENDALE, CA 91208-1166
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Hyung Kim Gi
Hyung Kim Gi
Intrafamily Transfer
related
—
Feb 21, 2017
—
Hyung Kim Gi
—
Deed
related
$485,000 · Woori America Bank
Oct 17, 2005
—
Kim Gi H & Kyung J Trust
Kim,gi H
Quit Claim Deed
related
—
Oct 18, 2002
$699,000
Gi H Kim
Khatchikian,tr
Grant Deed
$594,150 · Cnl Commercial Finance INC
Oct 5, 1999
—
Khatchikian Nichan B Co Tr
—
Deed Of Trust
related
—
Jul 25, 1997
—
Khatchikian,nichan B & Sossie Tr
Khatchikian,n B & S
Quit Claim Deed
related
—
Jul 6, 1995
$10,500
Khatchikian,nichan B & Sossie
Wendell C Bevis Estate
Trustees Deed
—
Jul 6, 1995
$113,500
Khatchikian,nichan B & Sossie
Barnes,robert T & Constance
Trustees Deed
$102,000 · Individual
Jul 6, 1995
$35,500
Khatchikian,nichan B & Sossie
Bevis Trust
Trustees Deed
—
—
—
Kim Gi H & Kyung J Trust
—
Deed Of Trust
related
$561,000 · Hanmi Bank
—
—
Kim Gi G & Kyung J Trust
—
Deed Of Trust
related
$520,000 · Woori America Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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