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$2,150,000

Beds
9
sq ft
4,275

965 N Summit Ave, Pasadena, CA 91103

965 N Summit Ave

Pasadena, CA 91103

  • 11 days on market
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.

Details

Property type

Lot size

0.2757 acres

Price per sq ft

$503

Year built

1958

HOA

No

Price History

12/12/2024
CLAW

CLAW #24471701

Listed
$2,150,000

Schools & Community

Neighborhood: 

North Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 11:00 PM

Listing updated: 12/20/2024 at 5:06 PM

Listed by: Sam Shakerchi, Compass Phone #: (310) 230-5478

MLS: CLAW #24471701

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