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$2,388,000

Under Contract

1951 E Colorado

Pasadena, CA

MLS# CV26233688

8 days on marketNalren refreshed

Listing Agent

Kelly Arft

Listing Agent

RENKEN COMPANY

DRE #: 01231023

(626) 675-6667

Brokerage: RENKEN COMPANY

Griffin Wright

Co-Listing Agent

RENKEN COMPANY

DRE #: 02136413

Brokerage: RENKEN COMPANY

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

N/A

Year Built

0.52 acres

Lot Size

N/A

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

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

Facts & Features

Exterior

Lot Features
0–1 Acre Lot

Utilities

Water Source
Public

Community / HOA

HOA
No
Association Fee
$0

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