965 N Summit Avenue
Pasadena, CA 91103
- – beds
- – baths
- – sqft
- 12,008 sqft lot
- 1958 build
- – on site
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.
Last checked:
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Last updated Dec 16, 2024
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MLS# 24471701 —
The Building
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Year Built:1958
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New Construction:No
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Building Area Total:4275.00
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Total Number Of Units:6
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# of Buildings:2
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Stories Total:1
Interior
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Levels:One
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Laundry:Washer Included
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Laundry:1
Financial & Terms
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Disclosures:Rent Control, Property Report
Location
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Directions:Summit, between Mountain and Hammond
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Latitude:34.16255700
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Longitude:-118.14803100
The Property
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Property Type:Residential Income
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Zoning:PSR1
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Lot Size Area:12008.0000
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Lot Size Acres:0.2757
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Lot Size SqFt:12008.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5728003033
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Guest, Parking Space, Carport
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Parking Spaces:12.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/12/24
Dec 12, 2024
|
Listed / Active | CRMLS_CA | $2,150,000 |
