965 N Summit Avenue

Pasadena, CA 91103

  • 9 Bed(s)
  • 0 Bath(s)
  • 4,275 Sqft
  • 12008
    Sqft(Lot)
$2,150,000

Description

Looking for an investment with exceptional growth potential? this 6-unit apartment building in sought-after pasadena offers an incredible opportunity to enhance your returns. located in a prime area with a robust rental market, the property features under-market rents, providing approximately 30% upside potential. with light renovations, you can increase rents and boost property value. additionally, the property allows for the addition of three adustwo detached and one partially attached to an existing structureoffering even more income potential. pasadena's strong job market ensures a reliable tenant base, while the cap rate will vary depending on the final property tax assessment. don't miss this chance to invest in a high-demand location with room for significant value growth.

  • Property Type

    Residential Income
  • County

    Los Angeles
  • Style

    Residential Income
  • AD ID

    48006760

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Property Details

  • Bedroom Information

    • Total Bedrooms : 9

    Bathroom Information

    • Total Baths: 6
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Washer
  • Building Information

    • Year Built: 1958
    • Building Area Total: 4,275
  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2757
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 12008
  • Listing Price Information

    • Original List Price: 2,150,000
    • Listing Contract Date: 2024-12-12

    Lease Information

    • Listing Agreement: Exclusive Right To Sell
  • Tax Information

    • Parcel Number: 5728003033
  • Garage and Parking

    • Garage Description: Carport,Guest,One Space

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 645 - Pasadena (NW)
    • Directions: Summit, between Mountain and Hammond
    • Zoning: PSR1
    • Source Property Type: Residential Income
    • Area: 645 - Pasadena (NW)

    Building and Construction

    • Property Age: 66
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4275
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 12/18/2024 @ 20:59

  • MLS: 24471701
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 9 bedrooms which is for sale, it has 4,275 sqft, 12,008 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Pasadena , in zip code 91103, this Los Angeles County Home are nearby neighborhoods.