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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Manufacturing properties
2888 Walnut St Pasadena, CA 91107-3703
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-7842596
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1946
Total area
10,792 SF
Lot
0.36 ac (15,582 SF)
Zoning code
PSM*
APN
5748-006-034
UPID
US09-7842596
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
-
The Pie Studios Recording Studio
-
The Studios Theater & Performing Art Venue
-
On Site Locations Cinema Media Distribution
-
shePedals Magazine Publishing House
-
KIS Recovery Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.35M
Owner & transaction history
Studios At Walnut LLC · 19 yrs held
Studios At Walnut LLC
since 2006
7 recorded transactions
Zoning & alternative use
PSM* · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$125 / 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
$13,118
Tax year 2024
Assessed value
$1,065,057
Assessed 2024
Previous assessed
$1,065,057
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$662,874
Assessed improvement
$402,183
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1946
Heating
NONE
Stories
1
Total area
10,792 SF
Lot
0.36 ac (15,582 SF)
Zoning code
PSM*
APN
5748-006-034
UPID
US09-7842596
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSM* · Pasadena, CA
Zoning PSM* · permitted uses
PSM* · 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.
Building & site characteristics
From public records
Year built
1946
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Studios At Walnut LLC
Entity
Mailing address
2888 E WALNUT ST UNIT #6, PASADENA, CA 91107-3703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2019
—
Studios At Walnut LLC
—
Grant Deed
related
$2,550,000 · Credit Union/sthrn Ca
Nov 27, 2006
—
Studios At Walnut LLC
Campbell,estelle B
Grant Deed
$1,650,000 · First California Bank
Dec 23, 1992
$600,000
Estelle B Campbell
American Pacific
Grant Deed
$540,000 · American Pacific State Bank
—
—
Estelle B Campbell
—
Deed Of Trust
related
$175,000 · First Coastal Bank
—
—
Estelle B Campbell
—
Deed Of Trust
related
$20,185 · American Pacific State Bank
—
—
Advanced Rubber
—
Deed Of Trust
related
$100,000 · Gohsler Robert W
—
—
Estelle B Campbell
—
Deed Of Trust
related
$25,125 · American Pacific State Bank
—
—
Studios At Walnut LLC
—
Deed Of Trust
related
$185,000 · Promerica Bank
—
—
Studios At Walnut LLC
—
Deed Of Trust
related
$213,862 · Promerica Bank
—
—
Estelle B Campbell
—
Deed Of Trust
related
$800,000 · Greenpoint Mortgage Funding
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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