918 N Lake Ave N, Pasadena, CA 91104
Commercial property · 2 recorded sales since 2020
Sold December 2020
Listing Agent: Maren Impala (DRE #02094135) · Listing Office: Siemienowski & Associates · Contact: 858-866-0750 · Bought with: Ara Keshishian · Compass · MLS #200049451 · Source: CRMLS
About this commercial property
Exceptional value-add property, home to the iconic Roma Market! This property has excellent street visibility & sits on the signalized corner of N Lake Ave. & E Mountain St., featuring parking lot access from both streets. The property consists of seven units, 5 of which are retail spaces, plus 2 apartments, both 1 bedroom 1 bath. The 5 retail spaces total 7,875 Sq.Ft. & the 2 residential spaces total 1,229 Sq.Ft for a total of 9,104 Sq.Ft. It sits on a total of 3 lots, totaling 27,487 Sq.Ft. The retail tenants are all long-term tenants with commercial leases expiring in 2021, 2022 and 2023, & the residential leases are month to month. All commercial leases are AIR Commercial Leases, Multi-tenant, Lease-gross. The buildings were built in 1964 & 1968, and are in good condition. They can easily be improved with exterior paint, landscaping & other exterior improvements. Tenants pay for gas & electric. **Property consists of 3 APNs. See attached marketing package.
Listing description from the December 2020 sale, as reported to CRMLS.
Sale history
