Pasadena, CA 91103,965 N Summit Ave
Pasadena, CA 91103,965 N Summit Ave
Pasadena, CA 91103,965 N Summit Ave
10
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$1,699,000
Est. payment /mo
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9 Beds
6 Baths
4,275 SqFt
Active

965 N Summit Ave Pasadena, CA 91103

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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

Acres 0.2757

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

Architectural Style California Bungalow

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Compass

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agent

Michelle M Randazzo

REALTOR® | RE.0196837

+1(702) 412-1049

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965 N Summit Ave