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2886-2888 E Walnut St
Pasadena, CA 91107 Lamanda Park

$5,999,888 USD

Service For Sale  •  16,245 SF

Property Details

  • Property Type Service
  • Total Building Size 16,245 SF
  • Lot Size 0.36 AC
  • Building Class C
  • Year Built 1955
  • Cap Rate 7.48 %
  • Tenancy Multiple
  • Zoning LPSP
60 Transit Score
85 Walk Score

Highlights

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
3 Industrial Buildings on 2 Legal Parcels with 12 Work/Live Commercial Condo's - Allows for a Multitude of Uses
Potential to convert property into 12 Commercial Condo Work/Live Units - Draft Plans Created - Additional Upside
Prime Pasadena Location Across from Home Depot & Rusnak Dealership & short drive away from the Rosebowl, JPL, Pasadena College, 210/110/134 Freeway
Discount given to for Quick Close Cash Deals - Amazing Opportunity in Pasadena
Prime opportunity for savvy cash flow investors, 1031 exchange buyers, and owner-users seeking strong returns and multiple exit strategies.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $447,960 USD (2025)
Cap Rate: 7.48 %
Total Expenses: $87,500 USD

Public Transportation

Commuter RailDriveWalkDistance
El Monte (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 16 min - 7.6 mi
Transit/SubwayDriveWalkDistance
Sierra Madre Villa Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 11 min 0.6 mi
AirportDriveWalkDistance
Bob Hope 27 min - 20.0 mi
Los Angeles International 45 min - 28.1 mi
Long Beach (Daugherty Field) 44 min - 28.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Mike Vachani 626-391-9100 The Provenio Group, Inc.
Mike Vachani 626-391-9100 The Provenio Group, Inc.