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Millman Team Real Estate

$500,000

720 N. Lake Ave, Pasadena, California 91104

  • Business Opportunity Property Type
Property 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.

Basic Details
Business Opportunity
For Sale
GD26205900
$500,000
Active
Features
$0
Address Map
CA
Los Angeles
Pasadena
91104
N. Lake Ave
720
W119° 52' 4.7''
N34° 9' 30''
North on Lake, before Washington st. do not call or go direct. please do not disturb clients
645 - Pasadena (NW)
Additional Information
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Restaurant
2026-09-21
Broker/Agent Information
The Art In Real Estate
Kristina Melkonyan
Listing Information
01968355
GD165116345
G8071
Active
2026-10-30T10:06:27Z
CRMLS
2026-09-21T04:41:49Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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