New Listing
$500,000
( )
 $2,684 est/mo Sourced by Back At You

720 N. Lake Ave,Pasadena, CA 91104

Pasadena, CA 91104

Share:

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.

Details

MLS #GD26205900
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site1
Listing Provided ByThe Art In Real Estate | Kristina Melkonyan

Features

Area Information

StateCA
CountyLos Angeles
CityPasadena
Zip Code91104
Area645 Pasadena (NW)
Listing VS Median (in 91104)
Price:
$500,000
low | high
Med:
$1,400,000
100% of Average
On site:
1
low | high
Med:
35
2.857142857143% of Average
Sourced by Back At You

Market Activity 91104

Request a showing

Request a showing

Contact


Additional Information


Showing Information


Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Home Source at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

StateCA
CountyLos Angeles
CityPasadena
Zip Code91104
Area645 Pasadena (NW)
Listing VS Median (in 91104)
Price:
$500,000
low | high
Med:
$1,400,000
100% of Average
On site:
1
low | high
Med:
35
2.857142857143% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $375K - $625K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
614 620 N Mar Vista Property Photo 1
$4,800,000
614 620 N Mar Vista
Pasadena, CA 91106
542 N Madison Property Photo 1
$1,499,000
542 N Madison
Pasadena, CA 91101
823 N Madison Avenue Property Photo 1
$1,350,000
823 N Madison Avenue
Pasadena, CA 91104
Listing Updated: September 21, 2026 at 3:55:40 AM PDT
Real Estate Links Our Domains