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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Outlet malls
1705 Walnut St Pasadena, CA 91106-1611
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8302104
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1965
Construction
WOOD
Total area
2,210 SF
Lot
0.13 ac (5,748 SF)
Zoning code
PSC-
APN
5737-016-020
UPID
US09-8302104
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
-
Crown City Water Damage Experts Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.27M
Owner & transaction history
Hrach A Kouladjian · 1 yrs held
Hrach A Kouladjian
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+22.4%
Office building
$1.2M
+12.9%
Auto repair, garage
$1.1M
+0.6%
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
$1,265,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,100,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,345,000
Change: +22% · Conversion: Moderate
OFFICE BUILDING
$1,240,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,105,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$1,005,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±10% · vs last sale $1.27M (Sep 18 2024)
Last sale anchor
$1.27M
Sep 18 2024
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
$572 / 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
$15,162
Tax year 2024
Assessed value
$1,292,340
Assessed 2024
Previous assessed
$1,292,340
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$612,000
Assessed improvement
$680,340
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,210 SF
Lot
0.13 ac (5,748 SF)
Zoning code
PSC-
APN
5737-016-020
UPID
US09-8302104
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
RETAIL STORES Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1965
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Hrach A Kouladjian
Individual
Mailing address
2253 KINCLAIR DR, PASADENA, CA 91107-1023
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 18, 2024
—
Hrach A Kouladjian
Hrach Kouladjian
Intrafamily Transfer
related
—
Sep 1, 2022
—
Hrach Kouladjian
—
Deed
related
$300,000 · Harmon E Schwartz Ira
Jul 22, 2022
$1,267,000
Hrach Kouladjian
Daniel D Fong
Grant Deed
—
May 11, 2021
$1,100,000
Daniel D Fong
Pasadena 1705 E Walnut LLC
Grant Deed
—
Mar 1, 2021
—
Standard Oil Company Of California
Chevron U S A INC
Intrafamily Transfer
related
—
Apr 23, 2013
$595,000
Pasadena 1705 E Walnut LLC
Darlene Leilani Parker Tafua
Grant Deed
$318,000 · Bank Of America NA
Jul 31, 2012
—
Parker Marguerite L Trust
Hould,thomas J & Jody K
Deed In Lieu Of Foreclosure
related
—
Sep 25, 2008
$725,000
Thomas J Hould
Parker Marguerite L Trust
Grant Deed
$616,250 · Parker Marguerite L Trust
Jun 10, 1993
—
Marguerite L Parker
—
Deed Of Trust
related
—
—
—
Pasadena 1705 E Walnut LLC
—
Deed Of Trust
related
$264,000 · California Statewide Certified
—
—
Pasadena 1705 E Walnut LLC
—
Deed Of Trust
related
$254,400 · Bank Of America
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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