$1,550,000

965 N Summit Avenue, Pasadena, CA 91103

  • 9 beds |
  • 6 baths |
  • 4,275 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon0.28acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $363/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

REDUCED and ready to sell! 6 Units for sale in Prime Pasadena. One of the 2+1's units is vacant. Two Buildings consisting of 3 units per building. Both buildings sit on a large 12,008 SF lot. Excellent value-add multifamily opportunity that features (6) total units: Three 2bed +1 bath, three 1bed +1 bath units and there is room to build 3+ ADUs (buyer to verify). Rents are currently on the lower side so there's about 30% upside to be had and one of the 2+1's will be delivered vacant at COE. Located in a strong rental area near transit, amenities, & 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.

Listing Status:
Active
Date Added:
May 30, 2025 at 05:00AM
Listing Office:
Compass : 310-230-5478
Listing Agent:
Sam Shakerchi : 310-525-0872
MLS ID:
25540149
  • Appliances: Refrigerator
  • Parking: CarportParking spaces: 12
  • General: 1
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: PSR15728003033
  • Source: CRMLS_CL

This listing courtesy of Sam Shakerchi, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Madison Elementary School

515 E Ashtabula St, Pasadena, CA, 91104

Grades PK-5

0.52 miles away

W

Washington STEAM Multilingual Academy

1505 N Marengo Ave, Pasadena, CA, 91103

Grades 6-8

0.65 miles away

J

John Muir High School

1905 Lincoln Ave, Pasadena, CA, 91103

Grades 9-12

1.29 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.