1191 E. Walnut Street, Pasadena, CA
Pasadena Lender Owned Office Property-Excellent Owner User Opportunity
Marketing description
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 1191
E Walnut Street, a 2,160 square foot office asset situated on 0.13 acres (5,533 SF) of land,
ideally located just north of Pasadena’s primary commercial corridor along Colorado Boulevard.
The property is currently vacant, having been formerly occupied by a single psychology
practice, creating an immediate owner-user or value-add opportunity. An owner-user may occupy the
property for their own business operations, while a value-add investor has the ability to
reposition the asset with a market-rate tenant or multiple tenants, depending on the desired use
and configuration.
Zoned CG (Commercial General), the property benefits from a broad commercial zoning designation
that allows for a wide range of professional, medical, creative, and service-oriented uses.
The site is comprised of three structures, including the original two-story office building, a
separate converted office unit, and a detached storage/office structure. The main building includes
four (4) offices on the ground floor with shared restrooms, along with two additional rooms and a
bathroom on the second floor. Two rear patio areas provide access to the detached units, allowing for
flexible separation of uses or ancillary workspace.
The property is served by four (4) easily accessible street-front parking spaces, including one
ADA-designated space, and is equipped with a handicap elevator, providing functional accessibility.
Additionally, due to the property’s proximity to public transit, AB 2097 eliminates municipal
parking requirements, materially enhancing future use flexibility and reducing constraints
for re-tenanting or owner occupancy. The site boasts a Walk Score of 89 (“Very Walkable”) and is
located approximately 0.3 miles north of Colorado Boulevard, offering convenient access to
restaurants, cafés, shops, and daily amenities within a five-minute walk. The property is also
positioned approximately 0.5 miles from Pasadena City College, one of the area’s primary educational and employment anchors.
Investment highlights
VACANT OFFICE ASSET WITH IMMEDIATE OWNER-USER APPEAL
Currently Vacant:
Allows immediate occupancy for an owner-user or near-term lease-up for a value-add investor.
Flexible Occupancy Options
Suitable for single-tenant or multi-tenant use depending on the buyer’s strategy.
Broad Commercial Zoning
CG zoning supports a wide variety of professional, medical, creative, and service-oriented uses.
Small-Scale Pasadena Ownership Opportunity
Rare opportunity to control a standalone office asset in a highly desirable and supply-constrained submarket.
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