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1361 N Fair Oaks Ave
Pasadena, CA 91103
100% Occupied-5.42% CAP RATE · Retail Property For Sale
Investment Highlights
- 9% Pro-Forma CAP. Current scheduled income is $149,112.00. 100% leased stabled income + Great Potential with a buildable space on this huge lot.
- Current low rent, Great location, Extra space to build for additional income, ideal for long-term stable investment
- For nearly two decades, the property has always been 99% leased, except during renovation periods.
- Prime Location, 5 Minutes from the Old Town Pasadena. Geological advantages, stable income, corner location of Fair Oaks Ave & Washington Bl.
- It includes an expired plan to build an additional 2,205 sqft, which can likely be reactivated. Possible for a MIX use project in the future.
- Laundromat property is not a part.
Property Facts
Property Type
Retail
Property Subtype
Building Size
4,712 SF
Building Class
C
Year Built
1980
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.52 AC
Zoning
PSC* - Planned Strip Commercial
Parking
38 Spaces (8.06 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Corner Lot
- Restaurant
- Air Conditioning
Property Taxes
| Parcel Number | 5728-015-053 | Improvements Assessment | $196,130 |
| Land Assessment | $1,213,600 | Total Assessment | $1,409,730 |
Property Taxes
Parcel Number
5728-015-053
Land Assessment
$1,213,600
Improvements Assessment
$196,130
Total Assessment
$1,409,730
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