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$ 2,150,000
Est. payment /mo
Active
965 N Summit Avenue Pasadena, CA 91103
4,275 SqFt
UPDATED:
12/20/2024 02:43 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,275 sqft
Price per Sqft $502
MLS Listing ID CL24471701
HOA Y/N No
Year Built 1958
Lot Size 0.276 Acres
Acres 0.28
Property 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.
Location
State CA
County Los Angeles
Area Listing
Zoning PSR1
Interior
Fireplace No
Laundry Washer
Building
New Construction No
Others
Tax ID 5728003033
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Sam Shakerchi • Compass