720 N. Lake Ave , Pasadena, CA 91104
$500,000
Est. Payment: $2,648.33/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 2
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House Description

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.

Highlights

Listed by Kristina Melkonyan , 818-433-8002 The Art In Real Estate , 818-241-3000. CRMLS/Multi-Regional MLS mls logo

Property Type

Business Opportunity

County

Los Angeles

Area

645 - Pasadena (NW)

Listing ID

GD26205900

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:No Land Lease
Principal Interest
$2,648
Taxes
$319

Home Price

$500,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$100,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,648.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,648.33 $318.75 $0.00 $2,967.08
Yearly $31,779.93 $3,825.00 $0.00 $35,604.93
Total $953,398.02 $114,750.00 $0.00 $1,068,148.02

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Pasadena, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T09:06:11.000Z

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