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655 N Lake Ave
Pasadena, CA 91101 Olive Heights

$9,982 USD/MO

Restaurant For Lease  •  3,565 SF

Property Details

  • Property Type Restaurant
  • Year Built 1949
  • Total Building Size 3,565 SF
  • Tenancy Multiple
  • Building Class C
  • Zoning PSC-
50 Transit Score
80 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 3,565 SF $33.60 USD/SF/YR
Business Asset Sale - asking $225,000.00 (business asset sale price reduced on May 19, 2026)

This is an operating, built-out Mexican restaurant with a bar. Sale price includes Type 47 License and all furniture, fixtures, and equipment. Kitchen FF&E includes two hoods, one stackable walk-in cooler-freezer, dry storage shelves, refrigerators, multiple prep equipment and areas. The business name, brand, and menu are not part of the sale. Broker commission will be paid on the business asset sale only. A direct lease will be provided for a new qualified restaurant operator. Monthly rent is $9,997.80 for the base rent and $1,149.70 for the NNN expenses. Please contact the listing broker to schedule a tour of the restaurant.

  • Date available: 120 Days
  • Lease term: 5 - 10 Years
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet

Description

Restaurant with parking on the premises. Excellent location, close to Gold Line Metro Station and near a major intersection on Lake Avenue.

Highlights

Heavy Traffic
Close to 210 Freeway
Close to Gold Line Metro Station

Property Flyers

Amenities

  • Corner Lot
  • Restaurant
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Bob Hope 24 min - 17.6 mi
Los Angeles International 42 min - 26.2 mi
Long Beach (Daugherty Field) 44 min - 27.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 36
Type: Surface
Included in Rent: Yes
Berj Beramian 626-720-3710 Crownrose Commercial
Berj Beramian 626-720-3710 Crownrose Commercial