839 N Summit Avenue, Pasadena, CA 91103 - MLS#OC25017098

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 4,429,000

Est. payment | -/mo

6 Beds

0.34 Acres Lot

Save

$ 4,429,000

Est. payment | -/mo

Save

6 Beds

0.34 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25017098

Bedrooms 6

Lot Size 0.344 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Introducing an exceptional opportunity to acquire Summit Apartments, a value-add property located in the desirable Villa Parke community of Pasadena. 5 units ready for immediate move in including 3 units fully remodeled and 9 units with long term tenants. This apartment building offers a combination of one- and two-bedroom units, featuring amenities such as new laminate wood flooring and private balconies. The property is situated in a gated community and includes a laundry room, covered parking, and copper plumbing. Built in 1989, this asset presents significant potential for rental income growth. The building includes 9 units with long-term, well-established tenants and 5 vacant units, each 1-bedroom, 1-bath. 3 of these vacant units have been fully renovated, boasting new floors, fresh paint, updated kitchens, and modern bathrooms allowing the new owner the flexibility to choose and put their own tenants in place right away.

Location

State CA

County Los Angeles

Zoning Assessor

Direction 210 freeway to N Marengo, left on painter, right on Summit

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 5725011017

Listed by Jeremy Noel Wind Water, Inc

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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839 N Summit Avenue Pasadena, CA 91103