1245 E WALNUT ST

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1245 E WALNUT ST

PASADENA, CA 91106
Asking Price
$2.50M
Asset Type
Executive Office Retail
Class
Class B

What's Special

FIXER UPPER! Prime Location Owner-User or Mixed-Use Redevelopment Opportunity <p><strong>INVESTMENT HIGHLIGHTS</strong></p><ul><li>​One of the Best Value Deal in Central Pasadena (PCC and Caltech area)</li><li>​Heavy Fixer Upper ready for Value-add buyer or a developer</li><li>​Priced attractively on Per SF building and Per SF Lot </li><li>​High-density Zoning CG perfect for a high-density redevelopment projects</li><li>​Adjacent to an approved 34-condo project</li><li>​Nearby Colorado Blvd, Pasadena City College, CALTECH, Lake Ave District, Playhouse District, Old Town P

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631

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