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Map
$588,123*
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Commercial -
Off Market
48 S Fair Oaks Avenue
Pasadena, CA 91105
Studio
0 Bath
2327 Sqft
$360,000 - $438,000
Reference Base Price*
47.40%
Since Aug 1, 2019
CA-Los Angeles
Primary Model
About This Property
City Thai, an award winning and well known Thai restaurant in the
Old Town District in Pasadena. It has 2327 sf. with the lowest rent
in the area of only $5817/mo. and the lowest price in the area of
only $399,000, Come and See! Great investment!Single Tenant Sub
Lease: - Absolute NNN ground lease; landlord responsibilities
for water and sewer charges.- Newer 5-year lease term with 5 years
option. The current lease has three years left with the 5
years option. - City Thai is an award winning and well known
Thai restaurant in the Old Town District in Pasadena..- High
Traffic Pasadena Location: Fair Oaks Boulevard is the major
north/south thoroughfare in Old Town Pasadena; 25,000 cars per
day.Close Freeway Access: 1/2 mile from Interstate 210 benefiting
from 266,000 cars per dayHub of Employment and Education: Pasadena
is home to top employers including Kaiser Permanente, Parsons, and
Nasa Jet Propulsion Laboratory (JPL); nearby colleges include
Caltech, Pasadena City College, and ArtCenter College of
DesignTransit Oriented Investment: Approximately 1 mile from the
Metro Gold Line Sierra Madre Villa station averaging over 50,000
daily riders on weekdays with affluent Passadena residents.
The manager has listed the unit size as 2327 square feet.
The manager has listed the unit size as 2327 square feet.
Unit Size
2,327Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$171
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jul 2, 2019 | No longer available | - | |
No longer available | |||
Apr 2, 2019 | Listed | $399,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Condo
Stu
1
Bath
459 ft²
$869/ft²
$399,000
Feb 10, 2023
-
$264/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/02/2019
|
|
Studio
|
-
|
2327 ft²
|
$399,000
Studio
-
2327 ft²
|
-
-
|
-
|
-
|