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1951 E Colorado Pasadena, CA 91107
0.52 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26233688
HOA Y/N No
Land Lease Amount 8858.0
Lot Size 0.519 Acres
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
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
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Zoning PSC
Interior
Fireplace No
Exterior
Community Features Curbs, Street Lights, Sidewalks
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 5746015057
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Kelly Arft RENKEN COMPANY 626-675-6667, DRE #01231023
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