965 N Summit Avenue, Pasadena, CA 91103
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Listed Price :
$2,150,000
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Beds :
9
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Baths :
6
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Property Size :
4,275 sqft
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Year Built :
1958
Property 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.
Interior Features
| Bedroom Information |
| Bedrooms |
9 |
| Bathroom Information |
| Bathrooms |
6 |
Listing Information
| Address |
965 N Summit Avenue |
| City |
Pasadena |
| State |
CA |
| Zip |
91103 |
| County |
Los Angeles |
| Listing Agent |
Sam Shakerchi DRE #01868195 |
| Courtesy Of |
Compass |
| List Price |
$2,150,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,275 |
| Lot Size |
12,008 |
| Year Built |
1958 |
Listing information courtesy of: Sam Shakerchi, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 20th, 2024 at 1:04 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
