10
See all 10 photos
$1,699,000
Est. payment /mo
9 Beds
6 Baths
4,275 SqFt
New
965 N Summit AVE Pasadena, CA 91103
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,275 sqft
Price per Sqft $397
MLS Listing ID 25540149
Bedrooms 9
HOA Y/N No
Year Built 1958
Lot Size 0.276 Acres
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 645 - Pasadena (Nw)
Zoning PSR1
Interior
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Carport
Total Parking Spaces 12
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5728003033
Special Listing Condition Standard
Listed by Sam Shakerchi • Compass