$4,429,000
Overview
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.
MLS #
OC25017098MR
Listed on
Jan 27, 2025
Status
Active
Price
$4,429,000
Type
Residential Income
Size of home
8902
Beds / Baths
17 / 13.00
Size of lot
14992
Location address
839 N Summit AVE
PASADENA 91103
PASADENA 91103
General Information
Original List Price
$4,429,000
Price Per Sq/Ft
$498
Complex Features
Urban
Pool
Yes
Spa
No
Year Built
1989
Appliances
None
Laundry
Community, Inside, Laundry Area, Room
Fireplace
No
Heating Type
Electric
Cooling Type
None
Sale Type
Standard
Equipment
Community, Inside, Laundry Area, None, Room
Common Walls
Attached
Disability Access
Other Main Level Modifications
Courtesy of:
Jeremy Noel /
Wind Water, Inc