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NewLuxury

$2,388,000

22,608 sqft$106/sqft7 days on market

1951 E Colorado BLVD

Pasadena, CA 91107

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

22,608

Square feet

—

Built

Listing narrative

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

Listing agent (MLS): Kelly Arft · Listing brokerage (MLS): RENKEN COMPANY

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$2,388,000

Beds

Beds n/a

Type

Land

Home Size

22,608 sqft

Baths

Baths n/a

Lot Size

0.52 acres

Year

Year n/a

Status

New

Days on Market

7

$ / Sqft

$106

· 8% down, 7% APR, 30yr fixed
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Courtesy of RENKEN COMPANY