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    1251 Lake Ave Pasadena, CA 91104

    Sponsored
    For Sale
    $85,000

    Established Family Restaurant, High Traffic Location

    Property size:
    1,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional business opportunity presents a well-established family restaurant in Pasadena, California. Located at 1251 Lake Avenue, this turnkey operation has built a strong reputation within the community over the past four years. The restaurant occupies 1,000 square feet within a modern shopping center situated on a high-traffic street, ensuring excellent visibility and accessibility to a large customer base. Ample parking is readily available for patrons. The sale includes all fixtures and equipment, making this a seamless transition for a new owner. The property sits on a sizable 1.41-acre lot, offering potential for future expansion or development, subject to local zoning regulations. This is an ideal investment for an experienced restaurateur looking to acquire a profitable, established business with significant growth potential. The restaurant's strong community presence and prime location provide a solid foundation for continued success. Financial details are available upon request, along with a comprehensive list of included fixtures and equipment. Serious inquiries only. This is a rare opportunity to own a thriving business in a desirable Pasadena location. Don't miss out on this chance to own a piece of Pasadena's culinary scene.

    Property Features for 1251 Lake Ave

    General Information

    Property type
    Investment properties
    Square Feet
    1,000 SF
    Lot Size
    61,420 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Salsa Picante Pasadena Mexican Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.133
    Latitude
    34.16753

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    FAQs

    What type of property is this?
    Investment property - Established Family Restaurant, High Traffic Location
    Where is this investment property located?
    The property is located at 1251 Lake Ave Pasadena, CA.
    What is the asking price?
    The asking price for this property is $85,000.
    (626) 289-6660
    Request Owner's contact information
    1251 Lake Ave Pasadena, CA 91104
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    Pasadena, CA 91104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1251 Lake Ave Pasadena, CA 91104
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