720 N. Lake Ave Pasadena, CA $ 500,000
720 N. Lake Ave
$ 500,000
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720 N. Lake Ave

Pasadena, CA, 91104
$ 500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,157

Listed by Kristina Melkonyan, The Art In Real Estate, kristina@homeskristina.com
720 N. Lake Ave, Pasadena, CA 91104 - Image 1
720 N. Lake Ave, Pasadena, CA 91104 - Image 2
720 N. Lake Ave, Pasadena, CA 91104 - Image 3
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720 N. Lake Ave, Pasadena, CA 91104 - Image 9
720 N. Lake Ave, Pasadena, CA 91104 - Image 10

Commercial Property for sale in Pasadena, CA

for $500,000.

Turnkey, fully equipped Mediterranean restaurant opportunity in Pasadena. The restaurant features a spacious dining area, service counter, indoor seating, sidewalk patio seating and a complete commercial kitchen. The warm, rustic interior includes wood-paneled walls, barrel accents, decorative lighting and tile flooring, creating a comfortable and inviting atmosphere. The existing furniture, fixtures and equipment (FF&E) include a large Type 1 commercial exhaust hood, multi-burner gas range with flat-top griddle and double ovens, commercial kebab/charbroiler station, vertical & shawarma/gyro broiler, deep fryers, meat grinder, specialty food-preparation equipment, refrigerated preparation station, commercial refrigerators freezers, upright glass-door freezer, under-counter glass-door beverage coolers, countertop ice maker, service/display counter, commercial sinks, stainless-steel worktables and shelving, storage racks, cookware, preparation containers, plates, serving pieces, utensils, POS/register systems, dining tables and chairs, outdoor patio furniture, wall-mounted television, menu boards, fans, lighting fixtures and restaurant décor. Open seven7 days a week and has been operated by the current owner for approximately 6 years. It has 2 full-time and 3 part-time employees. Current rent is $6,700/m, and the existing lease reportedly expires April 10, 2034 w option to lease). Lease terms and assignment are subject to landlord approval and buyer verification. Utilities and insurance are not included in the rent amount. An existing beer-and-wine license is included in the sale, subject to ABC approval and transfer. The premises also reportedly have a Conditional Use Permit offering potential for full-liquor licensing. Buyer must independently verify the CUP, permitted uses and all licensing requirements with the appropriate governmental agencies. The property may also offer potential for private events and a rear hookah-lounge concept, subject to landlord consent and all required city, health, fire, tobacco and other governmental approvals. Current food, beverage and supply inventory are all included, subject to a physical count and written agreement at closing. All FF&E, inventory, permits, licenses, lease terms, permitted uses and equipment condition are subject to buyer investigation and verification. Please do not disturb employees or contact the business directly. Contact the listing agent for pricing, financial information and private showings.

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Commercial Active

Price

$ 500,000

Property Type

Commercial

Taxes

$ 0

Style

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

GD26205900

Days on Market

15

Features
General
Business Type Restaurant
County Los Angeles
Property Type Business Opportunity
Building Features Phone System TV System
Status Active
Directions North on Lake before Washington st. do not call or go direct. please do not disturb clients
City Pasadena
MLS Area 645 - Pasadena (NW)
Lease Renewal Y/N true
Additional Parcels Y/N false
Leasable Area 1888
Building Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Total Actual Rent 6700
Ownership Type Sole Proprietor
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* Excluded Features
List By
Kristina Melkonyan

Listing Agent

The Art In Real Estate

Broker

kristina@homeskristina.com

Email

Affordability Calculator

$3,157
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,157
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/21/2026$500,000 Listed Price

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720 N. Lake Ave, Pasadena, CA, 91104 is a Commercial Property for sale at $500,000. The property's zip code is 91104 which is in Pasadena, CA