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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.

Features
: No
: electric
: No
1
1
: Individual Room, Inside, Common Area, Community
0
: Urban
Additional Information
Wind Water, Inc
0
OCNOELJER
OC07011
Jeremy
5725011017
: Standard
Two
27

Multi-Family For Sale

839 Summit Avenue, Pasadena, California 91103

8,902 Sqft
$4,429,000
Listing ID #OC25017098
Basic Details
Status : Active
DaysOnMarket : 19
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : OC25017098
Price : $4,429,000
Living Area : 8,902 Sqft
Lot Size : 14,992 Sqft
Year Built : 1989
Country : US
State : California
County : Los Angeles
City : Pasadena
Zipcode : 91103
Price Per Square Foot : $498
ModificationTimestamp : 2025-02-26 12:31:46
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