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965 N Summit AVE Pasadena, CA 91103
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Key Details
Sold Price $1,512,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,275 sqft
Price per Sqft $353
MLS Listing ID 25540149
Bedrooms 9
Year Built 1958
Lot Size 0.276 Acres
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.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Zoning PSR1
Exterior
Parking Features Carport
Building
Story 1
New Construction No
Others
Special Listing Condition Standard
Read Less
Bought with Kenneth So Moon Realty
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