$2,700,000
Est. payment /mo
6,536 SqFt
New
1245 E Walnut Street Pasadena, CA 91106
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 6,536 sqft
Price per Sqft $413
MLS Listing ID CRAR25258476
HOA Y/N No
Year Built 1961
Lot Size 0.388 Acres
Acres 0.39
Property Sub-Type Office
Property Description
Prime Location Owner-User or Mixed-Use Redevelopment Opportunity, Superb location between Lake Ave & Hill Ave, south of 210 FWY, ±44% Vacant, Wide range of Allowed Use including Medical use and Medical R&D. Located nearby many new mixed-use/residential development projects. ADJACENT TO APPROVED 34-UNIT CONDO PROJECT (244-256 N CHESTER) - BUYER TO VERIFY! The property is single story commercial property with superb exposure right on Walnut St, located between Lake Ave and Hill Ave, and south of 210 FWY, it is the first time this property is being offered for sale since 1973! It is on a large ±16,881 SF/0.39ACRE corner lot with high density CG (Commercial General) zoning. It has a total of 6,536SF building size on a ±16,881SF lot. It is separated into 16 individual suites. 8 of the suites are vacant and will be delivered vacant (approximately ±2,860 SF / ±44% - buyer to verify) which makes this building suitable for an owner-user. The remaining 8 tenants are all on month-to-month rent and are significantly below market. This clear rental upside provides clear opportunities for an owner-user or developer to immediately increase the rents and boost the current income. The property has a wide ±150ft exposure on Walnut Street and offers a CG (Commercial General) zoning which shou
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air
Fireplace No
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Other, Cable Connected
Total Parking Spaces 17
Building
New Construction No
Others
Tax ID 5738015068
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Listed by Handoko Chen • Growth Investment Group Pasade
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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