1361 N Fair Oaks Ave - Restaurant FOR SALE
Pasadena, CA 91103 |
1361 N Fair Oaks Ave
Pasadena, CA 91103
HIGHLIGHTS
- 9% Pro-Forma CAP. Current scheduled income is $149,112.00. 100% leased stabled income + Great Potential with a buildable space on this huge lot.
- Prime Location, 5 Minutes from the Old Town Pasadena. Geological advantages, stable income, corner location of Fair Oaks Ave & Washington Bl.
- Current low rent, Great location, Extra space to build for additional income, ideal for long-term stable investment
- 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.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
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
4712
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
38
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5728-015-053
