Pasadena, CA 91011,99 S Lake AVE #102
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Pasadena, CA 91011,99 S Lake AVE #102
Pasadena, CA 91011,99 S Lake AVE #102
Pasadena, CA 91011,99 S Lake AVE #102
Pasadena, CA 91011,99 S Lake AVE #102

$70,000

Est. payment /mo

$100,000

30.0%
Est.Price: ?

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99 S Lake AVE #102 Pasadena, CA 91011

1,191 SqFt

SOLD DATE : 08/26/2024

Key Details

Sold Price $70,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 1,191 sqft

Price per Sqft $58

MLS Listing ID WS23183658

Sold Date 08/26/24

HOA Y/N No

Property Description

This quick service restaurant is a rare find opportunity in the city of Pasadena. Convenient location, Great location, Money Making location on the famous Lake Ave where is close to Green Street and Colorado Blvd. The location currently offers an eclectic menu with unique Poke and Tea that receives rave reviews from patrons. The contemporary designed ambiance provides entertainment pleasure attracting steady customers. High visibility from inside and out. Excellent location with plenty of street parking and foot traffic. 1191 sq.ft spaces with 30 max seat capacities. Sale includes all FF&E. This is a truly unique opportunity to step into a steady and busy turn-key quick service restaurant business setting. Restaurant may be converted to a different concept with landlord's approval. This sale is well priced and represents real value. Trade name may be included in the sale. Call today for more information.

Business Highlights:
*Restaurant Name: Pokemix by Flour+Tea, Established since 2020
*Intersections of Lake Ave & Green Street
*Lease expiration is May 2026, Annual Rent Increase 3%
*Current Lease Rate: $5,249.93/month, CAM: $916.98/month
*30 Max Seat Capacities
*2 Full Time Employees, Monthly Gross: $28,000
*Trade name may be included in the sale.
*Restaurant may convert to a different concept with the landlord's approval.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Fireplace No

Others

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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California Regional MLS (CRMLS)
Listed by ARTHUR HUANG • Pinnacle Real Estate Group • 626-833-1085
Bought with MAX HOO • Pinnacle Real Estate Group

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

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