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$ 1,550,000
Est. payment /mo
Active
965 N Summit Avenue Pasadena, CA 91103
4,275 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,275 sqft
Price per Sqft $362
MLS Listing ID CL25540149
HOA Y/N No
Year Built 1958
Lot Size 0.276 Acres
Acres 0.28
Property Sub-Type Other
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
Zoning PSR1
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5728003033
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Listed by Sam Shakerchi • Compass