965 N Summit Avenue
Pasadena, CA 91103
Active for $2,150,000
Beds: 9 Baths: 6 Structure Size: 4,275 sqft Lot Size: 12,008 sqft
| MLS | 24471701 |
| Year Built | 1958 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $2,150,000 |
| Structure Size | 4,275 sqft |
| Lot Size | 12,008 sqft |
| Beds | 9 |
| Baths | 6 |
Description
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.
Listing information courtesy of: Sam Shakerchi, Compass 310-525-0872. *Based on information from the Association of REALTORS/Multiple Listing as of 01/10/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Felix Martinez
REALTOR®
Direct: 818.741.7299
Email: Email Me
DRE: 01988492
DRE #01873088
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