965 N Summit Avenue, Pasadena, CA 91103 (MLS # 24471701)

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PRICE $2,150,000 dsIDX morgage calculator
BEDS 9
BATHS 6
HOME SIZE 4,275 sqft
LOT SIZE 12,010 sqft

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.

DAYS ON MARKET 11 LAST UPDATED 12/12/2024
YEAR BUILT 1958 COMMUNITY Pasadena (NW)
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
APPLIANCES Washer
AREA Pasadena (NW)
GARAGE Carport, Guest, One Space
LOT 0.28 acre(s)
PARKING Carport,Guest,One Space
STORIES 1
ZONING PSR1
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Compass

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