965 N Summit Avenue, Pasadena CA, 91103

Active

965 N Summit Avenue

Pasadena CA, 91103

$2,150,000

$502.92 per sqft

Active

9 Beds

6 Baths

4,275 sqft

Residential

Built in 1958

Listed by Sam Shakerchi with Compass 310-525-0872

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.

24471701

MLSⓇ ID

December 12, 2024

Listed

December 20, 2024

Updated

Map

965 N Summit Avenue
Pasadena CA, 91103

Interior Features

Total Stories: 1
Bedrooms: 9
Total Bathrooms: 6
Appliances: Washer
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.28 Acres

Other Property Details

Area Name: 645 - Pasadena (NW)
Days on Market: 8
Garage: No
Parking: Carport, Guest, One Space
Parking Total: 12
View: No
County: Los Angeles
Pool: No
Zoning: PSR1

Listing Contact: 310-230-5478

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/20/2024 at 1:40 PM UTC