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769 N Orange Grove Blvd Pasadena, CA 91103

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For Sale
$2,250,000

Residential income property in Pasadena, leased back by owner.

Lot size:
0.25 Acres

Property Features for 769 N Orange Grove Blvd

General Information

Lot size
0.25 Acres

Building Details

Year built
1905
Source: Elliman

Listing Agency: The Altemus Company

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Pasadena Residential Income Property

This residential income property is located in Pasadena and features two separate structures. The property will be leased back by the current owner for $10,000.00 per month on a triple net basis. The tenant will execute a new five-year lease that includes annual rent adjustments. The owner currently operates a program for teenagers and their families at this location. This program, known as Insight Treatment, is an after-school program and does not involve overnight stays. The owner operates six additional facilities and is looking to expand their operations.
Location Intelligence

Current Use by Public Records

Clear Behavioral Health ... Mental Health Service Mitzen Black Psychologist

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Pasadena
County
Los Angeles
State
California
Longitude
-118.1541479
Latitude
34.1565124

FAQs

What type of property is this?
Residential income property - Residential income property in Pasadena, leased back by owner.
Where is this residential income property located?
The property is located at 769 N Orange Grove Blvd Pasadena, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: - Leased back by the owner for $10,000.00 per month Triple Net.; - New five-year lease with annual rent adjustments.; - Residential income property.
More about this property
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