See Home Value
$588,123*
Commercial - Off Market

48 S Fair Oaks Avenue

Pasadena, CA 91105
bedrooms
Studio
bathrooms
0 Bath
square feet
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.
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
-
$365,000 Jan 1, 1993
$365,000 May 17, 1993
$314/mo
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
20190402
04/02/2019
Studio
-
2327 ft²
$399,000
bedrooms
Studio
bathrooms
-
square feet
2327 ft²
-
-
-
-

Building Info

48 South Fair Oaks Avenue 48 South Fair Oaks Avenue, Pasadena, CA 91105
More about this Building
48 South Fair Oaks Avenue
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About Downtown Pasadena


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