I had the same problem too. I did 2 things that fixed the problem. After migrating my preferences, I opened:
/"yourUsername"/.config/sublime-text-2/Packages/LaTeXTools/builders/traditionalBuilder.py
and I removed the space after the = and before '%E:
$pdflatex = '%E -interaction=nonstopmode........
in the DEFAULT_COMMAND_LATEXMK.
Also, I changed the file:
/"yourUsername"/.config/sublime-text-2/Packages/LaTeXTools/LaTeXTools.default-settings
specifically in the "Platform settings: adapt as needed for your machine" I changed the "linux" section:
from "texpath" : "/usr/texbin"
to "texpath" : "$PATH:/usr/texbin"
After saving the changes, I went to Preferences->Package Settings->LaTexTools and selected Reconfigure LaTexTools and migrate settings.
Restart Sublime and Ready.
I use sublime-text-2 in Arch Linux but I think the changes will work.