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Listed by Kelly Arft • RENKEN COMPANY
$2,388,000
Est. payment /mo
0.52 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV-26233688
Lot Size 0.519 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
100% Land Title: ±22,609 SF land parcel APN 5746-015-057
Passive Rent: Collects monthly Absolute NNN ground rent
Zero Maintenance: No roof, HVAC, Property Tax, or insurance bills
Reversion Rights: Takes free title to building at lease end
Leasehold Building: ±2,082 SF QSR drive-thru structure
Tenant Expense: Franchisee pays 100% of property upkeep
Direct Tax & Insurance: Paid directly by QSR tenant (Taco Bell)
Locked-in Entitlement: Rare 24-hour drive-thru permit in Pasadena
Passive Rent: Collects monthly Absolute NNN ground rent
Zero Maintenance: No roof, HVAC, Property Tax, or insurance bills
Reversion Rights: Takes free title to building at lease end
Leasehold Building: ±2,082 SF QSR drive-thru structure
Tenant Expense: Franchisee pays 100% of property upkeep
Direct Tax & Insurance: Paid directly by QSR tenant (Taco Bell)
Locked-in Entitlement: Rare 24-hour drive-thru permit in Pasadena
Location
State CA
County Los Angeles
Area 648 - Pasadena Se
Zoning PSC
Exterior
Community Features Curbs, Sidewalks, Street Lights
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900