965 N Summit Ave Active Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91103
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,275 sqft
Price per Sqft $397
MLS Listing ID 25540149
Style California Bungalow
Bedrooms 9
Year Built 1958
Lot Size 0.276 Acres
Property Sub-Type Multi-Family
Property Description
965 N Summit is 6 Units for sale in Prime Pasadena. There are 2 Buildings consisting of 3 units per building. Both of those buildings sit on a very large 12,008 SF lot. Excellent value-add multifamily opportunity that features (6) total units: (3) 2 bed / 1 bath, (3) 1 bed / 1 bath and there is room to build 3+ ADUs (buyer to verify). Rents are currently on the lower side so there's about 20 - 30% upside to be had. Located in a strong rental area near transit, amenities, and the 210 freeway. A great option for investors seeking income, development potential, or a 1031 exchange opportunity. Projected GRM after Value-Add is a very low 9...Add units. Raise rents. Build equity.
Location
State CA
County Los Angeles
Area Pasadena Nw
Zoning PSR1
Rooms
Other Rooms None
Interior
Heating Other
Cooling Window Unit(s)
Equipment Range/Oven, Refrigerator
Exterior
Parking Features Carport
Garage Spaces 12.0
Building
Story 1
Others
Special Listing Condition Standard