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965 N Summit Ave
Pasadena CA 91103 US

$2,150,000

Active Listing ID 24-471701
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9 bed
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Lot: 0.28 Acres
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Other

$2,150,000

Active Listing ID 24-471701
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965 N Summit Ave 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.

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Property Features

  • Facts
  • Lot Size: 0.28 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2150000
  • unparsedaddress: 965 N Summit Ave
  • postalcity: Pasadena
  • stateorprovince: CA
  • country: US
  • postalcode: 91103
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2757
  • lotsizeunits: Acres
  • lotsizearea: 0.2757
  • livingarea: 4275
  • livingareaunits: Square Feet
  • listagentfullname: Sam Shakerchi
  • listagentemail: samshakerchi@gmail.com
  • listagentkey: 3yd-CLAWCA-X94991
  • listagentmlsid: X94991
  • listagentpreferredphone: 3102305478
  • listagentofficephone: 3102305478
  • listofficekey: 3yd-CLAWCA-X81461
  • listofficemlsid: X81461
  • disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1958
  • listingcontractdate: 2024-12-12
  • listagenturl: https://www.compass.com/
  • countyorparish: Los Angeles
  • parcelnumber: 5728-003-033
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 12
  • parkingfeatures: Carport, Guest
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"samshakerchi@gmail.com", "ListBrokerageCity":"Los Angeles", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":null, "ListBrokeragePostalCode":"90212", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"9454 Wilshire Blvd. #400", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"9454 Wilshire Blvd.", "ListOfficeAddress2":"Suite 400", "ListOfficeBrokerMlsId":"X71023", "ListOfficeCity":"Beverly Hills", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"90212", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Low Rise, Residential Income - Pasadena, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/965-N-Summit-Ave_Pasadena_CA_91103_M19042-88488?f=listhub&s=CLAWCA-24&m=471701&c=rexren", "MLSModificationTimestamp":"2024-12-12T01:21:34Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/12/2024 4:01:36 PM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Sam Shakerchi, Compass, samshakerchi@gmail.com

Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.