926 Summit Pasadena Ca
Description
1 x 1 Bedroom, 1 Bathroom
1 x 2 Bedroom, 1 Bathroom
2 x 3 Bedroom, 1 Bathroom
This diverse unit mix cater s to a variety of tenants, from singles and couples to families, enhancing rental demand and potential cash ? ow. Situated on a large 10,014 SF lot, the property offers signi? cant development potential. The buyer has the opportunity to build an additional four 1 Bedroom, 1 Bathroom units, expanding the total square footage by approximately 1,600 SF. This potential for expansion presents an attractive avenue for increased revenue and long-term investment growth. Pasadena's location near Los Angeles, combined with its desirable amenities, supports a robust rental market. The area attracts a steady in? ux of residents seeking quality housing in a vibrant community, positioning this investment for strong occupancy rates and rental income. This property represents a unique opportunity to invest in a newly rehabbed multifamily building in a sought-after area of Pasadena. With its combination of historic charm, modern amenities, and potential for expansion, this asset is poised for signi? cant appreciation and ongoing cash ? ow. Don’t miss your chance to acquire this exceptional property in one of Southern California’s most desirable cities!
- Listed by Justin White • DRE #01267826 • Brokerage DRE #01267826 • Justin White • 714.231.2537
Property Details for 926 Summit Pasadena Ca
Property Details for 926 Summit Pasadena Ca
| Status | Active |
|---|---|
| MLS # | PW24249404 |
| Days on Market | 5 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1896 |
| Lot Size | 0.23 AC / 10,014 SF |
| County | Los Angeles County |
Building Information for 926 Summit Pasadena Ca
Property Information for 926 Summit Pasadena Ca
- Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Insurance
- Gross Income: $126,352
- Gross Scheduled Income: $130,260
- Vacancy Allowance: 3908
- Vacancy Allowance Rate: 3
- Gross Operating Income: $126,352
- Net Operating Income: $88,510
- Number Of Rented Garages: 0
- Garage Rental Rate: $0
- Garage Income: $0
- Cap Rate: 3.86
- Current Financing: Conventional
- Operating Expense: $37,842
- Operating Expense Percent: 29.00%
- Gardener Expense: $800
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $6,392
- Trash Expense: $500
- Water Sewer Expense: $500
- Total Expenses: $37,842
- Tax Tract Number: 462...
- CFD/Mello-Roos Fee: $0
- Tax Lot: 12
- Community Features: Curbs, Sidewalks, Street Lights
- Appliances: Disposal, Gas Oven
- Equipment: Dryer, Dryer Included, Inside, Washer, Washer Included
- Laundry: Yes
- Laundry Features: Dryer Included, Inside, Washer Included
- Laundry Equipment Own Lease: Own
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Window Features: Double Pane Windows
- Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
- Construction Materials: Plaster
- Exterior Construction: Plaster
- Roof: Composition, Shingle
- Entry Location: 1
- Fence: Yes
- Fence: Vinyl
- Fencing: Vinyl
- Foundation Details: Raised
- Other Structures: Shed(s)
- Property Condition: Updated/Remodeled
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Garden, Lot 10000-19999 Sqft, Rectangular Lot
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Utilities: Cable Available, Phone Available
- Electric: Cable Available, Phone Available
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage: Assigned, Offsite
- Uncovered Spaces: 4
- Open Other Spaces Total: 4
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: Assigned, Asphalt, Off Site, Off Street
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,695
- Unit Type Total Rent: $1,695
- Unit Type Pro Forma: 2350
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,695
- Unit Type Total Rent: $2,695
- Unit Type Pro Forma: 2950
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,970
- Unit Type Total Rent: $2,970
- Unit Type Pro Forma: 3500
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $3,495
- Unit Type Total Rent: $3,495
- Unit Type Pro Forma: 3500
- Unit Type Type: 4
- Rent Controlled: Yes
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 5
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 926 Summit Pasadena Ca
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 926 Summit Pasadena Ca
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Washington Accelerated Elementary School PublicK to 5 | ||
Octavia E. Butler Magnet School Public6 to 8 | ||
John Muir High School Public9 to 12 | ||
Rose City High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Justin White, Justin White, DRE #01267826
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.