965 N Summit AVE new Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91103
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,275 sqft
Price per Sqft $397
MLS Listing ID 25540149
Bedrooms 9
Year Built 1958
Lot Size 0.276 Acres
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 645 - Pasadena (Nw)
Zoning PSR1
Exterior
Parking Features Carport
Building
Story 1
New Construction No
Others
Special Listing Condition Standard