842 N Summit Avenue

Pasadena, CA 91103

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,894 Sqft
  • 10009
    Sqft(Lot)
$1,125,000

Description

This five-unit multi-family property offers a rare investment opportunity in

one of pasadena’s most desirable neighborhoods. built in 1950, the

property features six bedrooms and six bathrooms across 2,894 square

feet of living space on a spacious 10,000- square-foot lot.

with an annual gross rental revenue of approximately $80,000 and a net

yearly income of around $50,000, this asset delivers strong cash flow. it

has ample parking with approximately 9 private parking spaces and ac in

each unit, enhancing tenant appeal. investors may choose to maintain the

property as a turnkey income generator or explore potential value-add

improvements to further enhance rental income.

ideally located near old town pasadena, the rose bowl, and key amenities,

this property is perfect for 1031 exchange buyers, investors, or those

looking to expand their rental portfolio.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48915307

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1950
    • Building Area Total: 2,894

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2298
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 10009

  • Listing Price Information

    • Original List Price: 1,125,000
    • Listing Contract Date: 2025-03-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5725012013

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 645 - Pasadena (NW)
    • Postal Code Plus 4: 3155
    • Directions: South of Mountain Street
    • Zoning: PSR1
    • Source Property Type: Residential Income
    • Area: 645 - Pasadena (NW)
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 75
    • Common Walls: 1 Common Wall
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/05/2025 @ 02:45

  • MLS: AR25052991
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 2,894 sqft, 10,009 sized lot, and 0 parking. are nearby neighborhoods.