$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 #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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