Map location of 1245 E Walnut Street, Pasadena, CA 91106
$2,700,000
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1245 E Walnut Street, Pasadena, CA 91106

 Contact
- Beds
0 Baths
6,536 Sq Ft
Listing By: Handoko Chen - Growth Investment Group Pasade camrmls-p Realty.com

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 should allow much higher density redevelopment options (buyer to verify). The zoning allows a wide range of uses including (but not limited to): Medical use, Medical R&D, Retail, Residential, Transit-Oriented Development, Professional Office, and other wide range of uses. It enjoys a high traffic volume of 16,808 CPD and has superb demographics with $125,686 average household income within a mile radius.The building has attractive curb appeal and separately metered for electricity. There are 17 electrical meters the main panel has been updated. There are 2 shared bathrooms. Parking is in the back with 16 open space and 1 disabled parking ratio is 2.65/1000. The property is located within the central Pasadena area (near Pasadena City College and California Institute of Technology), south of 210 Freeway and just within minutes to Lake Ave District, Pasadena Playhouse, and Old Town Pasadena area. Boasting a Walk Score of 85 with SUPERB demographics, it offers a superior location with easy access to FWY 210 and FWY 134. It is approximately a mile away from Pasadena Playhouse District, and around 1.8miles from Old Town Pasadena.

  • MLS# AR25258476
  • Date Listed11/11/2025
  • Days on Realty 35 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.39 acres (16,886 sq. ft)
  • Property Type Office
  • County Los Angeles
  • Year Built 1961
  • Water Public
  • Square Feet 6,536 sq. ft
  • Price Per Sq. Ft $413.1

Interior Features

  • Cooling Central Air
  • Heating Central

Exterior / Lot Features

  • Roof Flat
  • Lot Size Acres 0.39
  • Lot Size SQFT 16,886.00
  • Lot Features Corner Lot, Landscaped, Level, Near Public Transit

Directions

West of Lake Ave and East of Hill Ave, south of 210 FWY, minutes from CALTECH and PCC

Financial Considerations

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in CA / 91106

Source: Walkscore

90/100

Walker's Paradise

Walk Score ®

64/100

Good Transit

Transit Score ®

88/100

Very Bikeable

Bike Score ®

Overview

Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.

Transit Summary

12 nearby routes: 11 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 55/100, Transit Score: 28/100, Bike Score: 49/100.

Points of Interest near 1245 E Walnut Street, Pasadena, CA 91106

Frequently Asked Questions for 1245 E Walnut Street

Source: Realty.com

1245 E Walnut Street, Pasadena, CA 91106 is a Office, Commercial Sale property listed for $2,700,000 The property is 6536 sq. ft with - bedrooms and 0 bathrooms

Realty.com has 27 photos of 1245 E Walnut Street.

Our records indicate that 1245 E Walnut Street was built in 1961.

The full address for this home is 1245 E Walnut Street, Pasadena, CA 91106.

1245 E Walnut Street has been listed on Realty.com since Tue November 11, 2025

Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 55/100, Transit Score: 28/100, Bike Score: 49/100.

Listing provided courtesy of: Growth Investment Group Pasade (tel: 626-594-4900)
Listing agent: Handoko Chen (#AR45550)

This content last refreshed on 2025-12-16 08:31:34. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 1245 E Walnut Street, Pasadena, CA 91106 : MLS# AR25258476

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