About This Restaurant
Investment Highlights
Annual income $ 140,275.20 based on April 2024, by the end of 2024, the total income shall be higher. Annual increment. Huge lot for building more spaces. Laundromat property is not a part. The plan should be easily be alive if no modification, but buyer must confirm with City for it. Great Location. 5 minutes to Old Town Pasadena. The seller has an Expired plan to build 2,205 sqft, but the Covid period stopped the plan. Now, seller wants to retire. 100% All NNN Leased tenants.
Executive Summary
After your email inquiry, please text 626-429-9977 to inform us of a faster response. I appreciate your cooperation. The seller has an Expired plan to build 2,205 sqft.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Convenience Store General Retail Fast Food Office Medical Restaurant
- Building Size 4,712
- Building Class C
- Year Built/Renovated 1980/2012
- Price 2,650,000
- Price Per SF 562
- Cap Rate 5.32
- NOI 140,980
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.21
- Land Acres 0.52 AC
Amenities
- Bus Line
- Corner Lot
- Restaurant
- Air Conditioning
Property Taxes
| Parcel Number | 5728-015-053 | Improvements Assessment | $1,166,475 |
| Land Assessment | $188,515 | Total Assessment | $1,354,990 |
| Date Created: | 2024-07-16 04:09:22 | Last Updated: | 2024-07-16 04:09:22 |
| Address: | 1361 N Fair Oaks Ave , Pasadena, California, 91103 | ||