830 Lake AvePasadena, CA 91104

Property Details for 830 Lake Ave

Year built

1970

Construction

WOOD

Lot size

0.33 AC

Property size (Sq ft)

3,959 SF

Zone code

PSC-

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5732-001-026

APU

5732001026

Description

This exceptional 3,260-square-foot restaurant space, located at 830 N Lake Ave in Pasadena, California (zip code 91104), presents a unique opportunity for a discerning restaurateur. The property is a single-tenant space, ideal for a business seeking a dedicated and established location. The building boasts a robust electrical system, featuring both 400 and 200 amp power supplies, ensuring ample capacity for all kitchen equipment and operational needs. The property's address is conveniently situated in Pasadena, CA, offering excellent visibility and accessibility. The property is categorized as a second-generation restaurant space, suggesting existing infrastructure suitable for immediate occupancy. This turnkey solution eliminates the need for extensive build-out, allowing for a faster and more cost-effective launch. The property's APN is 5732-001-026. The space is currently vacant and ready for immediate lease. This prime location in Pasadena offers a thriving market and significant potential for a successful culinary venture. The property's size and existing infrastructure make it an attractive option for a variety of restaurant concepts. Interested parties are encouraged to inquire further to explore this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,559,448

  6.5%

  $1,439,490

  7%

  $1,336,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,889,266

  Geo Method

  $1,897,166

• Alternative Use

  Use

  Valuation

  Residential

  $1,214,264

  Hospitality

  $1,112,259

  Educational

  $925,387

  Medical

  $957,212

  Retail

  $1,439,490

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1602

Longitude

-118.132

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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