Updated Sep 1, 2026
Arnel Jalbuena Acquires $1.35M Retail Property In Pasadena
597 East Walnut Street
$1,350,000
$440/SF
Building Size
3,063 SF
Asset Type
Retail
Closing
Jan 9, 2023
About this deal
AI
Located at 597 East Walnut Street in Pasadena, this retail property has been sold in a recent transaction. The property spans 3,063 square feet and was sold for $1,350,000, resulting in a price per square foot of $441.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,350,000
- Address: 597 East Walnut Street
- Market: Pasadena
The buyer of the property is Arnel Jalbuena, while the seller is Gary Paulsen. Dane Garson and Jay Martinez from Kidder Mathews, along with Elizabeth Clark from Douglas Elliman, represented the seller in this deal.
Players
Pasadena Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93