590 Lake AvePasadena, CA 91101

Property Details for 590 Lake Ave

Year built

1967

Construction

TILT-UP CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

1,750 SF

Zone code

PSC-

Property type

Auto shops

APN

5732-015-024

APU

5732015024

Description

Exceptional investment opportunity: a 1,750 square foot, single-story auto repair shop in Pasadena, CA. This turnkey business, established in 1967, is offered as a sale-leaseback, providing immediate income generation. Located at 590 N Lake Ave, Pasadena, CA 91101, the property boasts a prime location near the 210 and 134 freeways, ensuring high visibility and accessibility. The 7,024 square foot lot provides ample space, including 7 parking spaces. The building is zoned PSC- and features a strong, established tenant with a loyal customer base, offering a stable and consistent revenue stream. The asking price is $1,550,000, translating to $885.71 per square foot. This represents a rare chance to acquire a recession-resistant asset in a high-demand market with potential for future rent increases. The property's strong demographics and convenient freeway access contribute to its exceptional investment potential. This sale-leaseback opportunity is ideal for owner-users and investors seeking a stable, high-return investment. The Los Angeles County location, combined with the existing successful business, presents a compelling opportunity for immediate income and long-term growth. The property's APN is 5732-015-024.

• CAP approach

  CAP return

  Valuation

  6%

  $689,324

  6.5%

  $636,299

  7%

  $590,849

• Comparable approach

  Method

  Valuation

  Relative Method

  $835,114

  Geo Method

  $838,606

• Alternative Use

  Use

  Valuation

  Residential

  $536,742

  Hospitality

  $491,653

  Educational

  $409,049

  Medical

  $423,117

  Retail

  $636,299

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1562

Longitude

-118.132

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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