$2,750,000 USD
626-429-9977
1361 N Fair Oaks Ave
Pasadena, CA 91103
Northwest Pasadena
HIGHLIGHTS
- 9% Pro-Forma income CAP. Current scheduled income is $149,112.00. 100% leased stabled income + Great Potential with a huge lot.
- Prime Location, 5 Minutes from the Old Town Pasadena. Geological advantages, no close competitors, corner location of Fair Oaks Ave & Washington Bl.
- It is in a well-established market, large enough to ensure stable income but small enough to limit new competition.
- It includes an expired plan to build an additional 2,205 sqft, which can likely be reactivated. Possible for a MIX use project in the future.
- For nearly two decades, the property has always been 99% leased, except during renovation periods.
- Laundromat property is not a part.
OVERVIEW
Additional Space to build for 9% or higher CAP rates. An expired plan to build an extra 2,205 sq. ft., offering further growth opportunities.
Investment Opportunity: High-Potential Property with 100% Leased Rental Income (currently, lower than the market rent)
The current scheduled income of $149,112.00 highlights excellent upside potential. The property is fully leased, providing a stable income stream.
For a faster response after your inquiry email, please text 626-429-9977. I appreciate your prompt attention to this incredible investment opportunity.
FOR SALE DETAILS
PRICE
$2,750,000 USD
PRICE/SF
$584 USD /SF
CAP RATE
5.42%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
100% Occupied-5.42% CAP RATE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Convenience Store, Fast Food, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
27
LAND DETAILS
LAND ACRES
0.52 AC
LAND SF
22,651 SF
ZONING
PSC*
APN/PARCEL ID
5728-015-053
ASK ABOUT THIS PROPERTY
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626-429-9977
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626-429-9977
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