55 Walnut StPasadena, CA 91103

Property Details for 55 Walnut St

Year built

1924

Construction

TILT-UP CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

4,810 SF

Zone code

PSC-

Property type

Office properties

Property subtype

Office buildings

APN

5723-001-018

APU

5723001018

Description

This exceptional 4,850 square foot Class A office building in Pasadena, CA, presents a unique owner-user opportunity. Located at 55 E Walnut Street, this single-story, one-unit property boasts a desirable creative office layout, perfect for a variety of businesses. The space features a blend of private offices, open collaborative areas, and conference rooms, complemented by state-of-the-art production space, edit bays, and studio space, ideal for creative or entertainment companies. Significant technological infrastructure is already in place. Enjoy dramatic usable rooftop patios offering stunning views. The property benefits from on-site and ample neighborhood parking. The building's architecturally significant design and efficient layout, along with its location in the vibrant city of Pasadena (zip code 91103), make this a truly exceptional offering. The property is zoned PSC and is move-in ready. This is an investment opportunity for those seeking a stunning and functional office space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,288,882

  6.5%

  $1,189,737

  7%

  $1,104,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $910,861

  Geo Method

  $914,670

• Alternative Use

  Use

  Valuation

  Residential

  $1,475,274

  Hospitality

  $1,351,343

  Educational

  $1,124,302

  Medical

  $1,162,968

  Retail

  $1,748,914

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1498

Longitude

-118.149

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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