Address
918 N Lake Ave N Pasadena, CA
Price
$ 3,795,000
Property Attributes
  • MLS#200049451
  • TypePending
  • CountyLOS ANGELES
  • CityPasadena
  • Zip91104
  • Style
  • Price$ 3,795,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage9104
  • Lot Size0.63 Acres
Listing Provided Courtesy Of:
Siemienowski & Associates
Property Description

Exceptional value-add property, home to the iconic Roma Market! This property has excellent street visibility & sits on the signalized corner of N Lake Ave. & E Mountain St., featuring parking lot access from both streets. The property consists of seven units, 5 of which are retail spaces, plus 2 apartments, both 1 bedroom 1 bath. The 5 retail spaces total 7,875 Sq.Ft. & the 2 residential spaces total 1,229 Sq.Ft for a total of 9,104 Sq.Ft. It sits on a total of 3 lots, totaling 27,487 Sq.Ft. The retail tenants are all long-term tenants with commercial leases expiring in 2021, 2022 and 2023, & the residential leases are month to month. All commercial leases are AIR Commercial Leases, Multi-tenant, Lease-gross. The buildings were built in 1964 & 1968, and are in good condition. They can easily be improved with exterior paint, landscaping & other exterior improvements. Tenants pay for gas & electric. **Property consists of 3 APNs. See attached marketing package.

Price History
10/22/2020 Listed $3,795,000

General Features

# Of Units (1) 909
# Of Units (2) 909
# Of Units (3) 918
# Of Units (4) 920
# Of Units (5) 924
# Of Units (6) 925
# Of Units (7) 930
Construction Brick, Stucco
Parking Spaces
Sale/rent For Sale
Tenant Pays Electric Yes
Tenant Pays Gas Yes
Tenant Pays Water No
Total Units 7
Zoning PSC6

Interior Features

# Of Units W/ranges 2
# Of Units W/refrigerator 2
Baths in Unit 1 1.0
Baths in Unit 2 1.0
Bedrooms in Unit 1 1
Bedrooms in Unit 2 1
Unit Furnished (3) C
Unit Furnished (4) C
Unit Furnished (5) C
Unit Furnished (6) C
Unit Furnished (7) C

Exterior Features

Exterior Fully Landscaped
Lot Size Area .5 through .75 Acres
Total Parking 30

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91104

Price
AVG $1.5M
$3.8M
Visits
AVG 21
11
Walkscore
AVG 66
86
Data Provided by Walkscore ® not using MLS data

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