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2886-2888 E Walnut St 16 245 pi² 100% Loué Industriel Immeuble Pasadena, CA 91107 8 273 425 $ CAD (509,29 $ CAD/pi²) 7,48% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- CURRENT CAP IS 5.3% -Proforma Cap Rate in 90 days is +/- 7.5%, $535,000 Gross Income-Strong Actual Income Property with lots of Value Add & Upside
- Potential to convert property into 12 Commercial Condo Work/Live Units - Draft Plans Created - Additional Upside
- Discount given to for Quick Close Cash Deals - Amazing Opportunity in Pasadena
- 3 Industrial Buildings on 2 Legal Parcels with 12 Work/Live Commercial Condo's - Allows for a Multitude of Uses
- Prime Pasadena Location Across from Home Depot & Rusnak Dealership & short drive away from the Rosebowl, JPL, Pasadena College, 210/110/134 Freeway
- Prime opportunity for savvy cash flow investors, 1031 exchange buyers, and owner-users seeking strong returns and multiple exit strategies.
RÉSUMÉ DE L'ANNONCE
HUGE PRICE REDUCTION - WE ARE NOW PRICED AT UNDER 6 MILLION DOLLARS- THIS IS AN AMAZING DEAL AND WILL GO FAST!!! CURRENT CAP RATE OF 5.3% --PROFORMA CAP IN 3 MONTHS POST CLOSING CAN BE AROUND 7.5% IF YOU BRING RENTS TO MARKET!!!
Rare Pasadena Investment with Strong Income + Value-Add Play - PERFECT 1031 EXCHANGE WITH ACTUAL STRONG INCOME!!! CAN BE CONVERTED TO 12 INDIVIDUAL COMMERCIAL WORK/LIVE CONDOS AND SOLD OFF INDIVIDUALLY - TENTATIVE PLANS ALREADY DRAWN! SELLER IS MOTIVATED TO MAKE SOMETHING HAPPEN - NEW LISTING - FULL PHOTO SHOT AND MARKETING PACKAGE WILL BE AVAILABLE IN JANUARY 2026 BUT SHOWINGS WILL START NOW!!!
SELLER IS MOTIVATED AND WILL WORK HARD TO MAKE A DEAL HAPPEN!!!
Great Cash Flow Today with Amazing Future Upside and Rental Income . This versatile Pasadena asset is a prime opportunity for savvy cash flow investors, 1031 exchange buyers, and owner-users seeking strong returns and multiple exit strategies.
Currently generating +/-$418,000 in gross annual income with a path to $535,000+ in Proforma Gross Income, this property provides immediate yield with a proven trajectory to over 7.5% Cap Rate within 90 days of closing. The current Cap Rate is +/-5.3%, creating a clear path for short-term income growth.
Property Features:
12 legal commercial work/live units, fully approved for both residential and commercial use
3 Industrial Buildings totaling 16,250+ sq ft (inclusive of mezzanines, common areas & storage)
Two legal parcels totaling approx. 15,578 sq ft of land
All tenants on month-to-month or expiring leases within 12 months – ready for repositioning
Flexible zoning supports a wide range of uses and creative tenant mixes
Draft condo conversion plans ready – option to split into 12 work/live condo units for resale
Fully rebuilt in the early 1990s, remodeled again in the early 2000s to its modern creative use
Formerly home to Occidental College’s art school – well-maintained and thoughtfully reimagined
Owner-user potential with upside through lease-up, repositioning, or strategic unit sales
This is not just a building—it’s a strategic asset offering multiple income streams, value-add options, and long-term scalability. Perfectly positioned for investors seeking flexibility and return in one of Pasadena’s most desirable and supply-constrained markets. Whether you’re looking to cash flow from Day 1 or scale into a higher valuation over time, this is your chance to own a Pasadena property that checks all the boxes.
Whether you're building long-term passive income, looking to reposition and increase NOI, or exploring profitable exit strategies through condo resale or tenant repositioning, this property delivers multiple income streams and scalability in a high-demand Pasadena location. It is also perfect for an Owner-User. Opportunities like this—offering immediate income with built-in value-add potential—rarely hit the market in Pasadena.
Rare Pasadena Investment with Strong Income + Value-Add Play - PERFECT 1031 EXCHANGE WITH ACTUAL STRONG INCOME!!! CAN BE CONVERTED TO 12 INDIVIDUAL COMMERCIAL WORK/LIVE CONDOS AND SOLD OFF INDIVIDUALLY - TENTATIVE PLANS ALREADY DRAWN! SELLER IS MOTIVATED TO MAKE SOMETHING HAPPEN - NEW LISTING - FULL PHOTO SHOT AND MARKETING PACKAGE WILL BE AVAILABLE IN JANUARY 2026 BUT SHOWINGS WILL START NOW!!!
SELLER IS MOTIVATED AND WILL WORK HARD TO MAKE A DEAL HAPPEN!!!
Great Cash Flow Today with Amazing Future Upside and Rental Income . This versatile Pasadena asset is a prime opportunity for savvy cash flow investors, 1031 exchange buyers, and owner-users seeking strong returns and multiple exit strategies.
Currently generating +/-$418,000 in gross annual income with a path to $535,000+ in Proforma Gross Income, this property provides immediate yield with a proven trajectory to over 7.5% Cap Rate within 90 days of closing. The current Cap Rate is +/-5.3%, creating a clear path for short-term income growth.
Property Features:
12 legal commercial work/live units, fully approved for both residential and commercial use
3 Industrial Buildings totaling 16,250+ sq ft (inclusive of mezzanines, common areas & storage)
Two legal parcels totaling approx. 15,578 sq ft of land
All tenants on month-to-month or expiring leases within 12 months – ready for repositioning
Flexible zoning supports a wide range of uses and creative tenant mixes
Draft condo conversion plans ready – option to split into 12 work/live condo units for resale
Fully rebuilt in the early 1990s, remodeled again in the early 2000s to its modern creative use
Formerly home to Occidental College’s art school – well-maintained and thoughtfully reimagined
Owner-user potential with upside through lease-up, repositioning, or strategic unit sales
This is not just a building—it’s a strategic asset offering multiple income streams, value-add options, and long-term scalability. Perfectly positioned for investors seeking flexibility and return in one of Pasadena’s most desirable and supply-constrained markets. Whether you’re looking to cash flow from Day 1 or scale into a higher valuation over time, this is your chance to own a Pasadena property that checks all the boxes.
Whether you're building long-term passive income, looking to reposition and increase NOI, or exploring profitable exit strategies through condo resale or tenant repositioning, this property delivers multiple income streams and scalability in a high-demand Pasadena location. It is also perfect for an Owner-User. Opportunities like this—offering immediate income with built-in value-add potential—rarely hit the market in Pasadena.
BILAN FINANCIER (RÉEL - 2025) |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
738 362 $
|
45,45 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
738 362 $
|
45,45 $
|
| Taxes |
98 593 $
|
6,07 $
|
| Dépenses d’exploitation |
22 063 $
|
1,36 $
|
| Total des dépenses |
120 656 $
|
7,43 $
|
| Revenu net d’exploitation |
617 705 $
|
38,02 $
|
BILAN FINANCIER (RÉEL - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 738 362 $ |
| Annuel par pi² | 45,45 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 738 362 $ |
| Annuel par pi² | 45,45 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 98 593 $ |
| Annuel par pi² | 6,07 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 22 063 $ |
| Annuel par pi² | 1,36 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 120 656 $ |
| Annuel par pi² | 7,43 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 617 705 $ |
| Annuel par pi² | 38,02 $ |
FAITS SUR LA PROPRIÉTÉ
1 1
Walk Score®
Très pratique à pied (85)
Impôts fonciers
| Numéros de lot | Évaluation totale | 2 043 769 $ CAD | |
| Évaluation du terrain | 1 370 465 $ CAD | Impôts annuels | 98 593 $ CAD (6,07 $ CAD/pi²) |
| Évaluation des bâtiments | 673 304 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéros de lot
Évaluation du terrain
1 370 465 $ CAD
Évaluation des bâtiments
673 304 $ CAD
Évaluation totale
2 043 769 $ CAD
Impôts annuels
98 593 $ CAD (6,07 $ CAD/pi²)
Année d’imposition
2025
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Présenté par
The Provenio Group, Inc.
2886-2888 E Walnut St
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