1951 E Colorado, Pasadena, CA 91107
- $2,388,000
- List Price
- $2,388,000
- Status
- ACTIVE
- MLS#
- CV26233688
- Lot Size
- 22,609
- Acres
- 0.52
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 29
- Property Type
- Land
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
Additional Information
- Land Lease
- Yes
- Land Lease Amount
- $8858
- View
- None
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Kelly Arft (kelly.arft@renkenco.com) from Listing Office: RENKEN COMPANY.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.