965 North Summit Avenue
$2,150,000
9
6
4,275
4,275
$503
Listed By Compass
Description
Looking for an investment with exceptional growth potential? This 6-unit apartment building in sought-after Pasadena offers an incredible opportunity to enhance your returns. Located in a prime area with a robust rental market, the property features under-market rents, providing approximately 30% upside potential. With light renovations, you can increase rents and boost property value. Additionally, the property allows for the addition of three ADUstwo detached and one partially attached to an existing...Looking for an investment with exceptional growth potential? This 6-unit apartment building in sought-after Pasadena offers an incredible opportunity to enhance your returns. Located in a prime area with a robust rental market, the property features under-market rents, providing approximately 30% upside potential. With light renovations, you can increase rents and boost property value. Additionally, the property allows for the addition of three ADUstwo detached and one partially attached to an existing structureoffering even more income potential. Pasadena's strong job market ensures a reliable tenant base, while the CAP rate will vary depending on the final property tax assessment. Don't miss this chance to invest in a high-demand location with room for significant value growth.
Listing Agent
Property Details for 965 North Summit Avenue
Zoning
PSR1
StyleLow Rise
Parcel Number5728003033
Total Units6.0
Living Area4275
Source Living AreaVendor Enhanced
AreaPasadena NW (645)
Vacancy Rate0
LISTING UPDATED: 12/12/2024 01:21 AM
Property Details for 965 North Summit Avenue
Status | Active |
---|---|
MLS # | 24-471701 |
Days on Market | 6 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1958 |
Lot Size | 0.28 AC / 12,008 SF |
County | Los Angeles County |
Building Information for 965 North Summit Avenue
Stories1Residences-Year Built1958Building Size-Lot Size0.28 AC / 12,008 SF
Property Information for 965 North Summit Avenue
Property History for 965 North Summit Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 965 North Summit Avenue
Taxable ValueLand$231,721Additions$238,964Total$470,685
Tax Record2024$6,735 ($561 / month)
Home Facts
Total Finished SqFt4,275 SqFtAbove Grade Finished SqFt4,275 SqFtLot Size12,004 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningPSR1CountyLOS ANGELESAPN5728-003-033
Schools near 965 North Summit Avenue
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
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 | ||
Odyssey Charter School - South CharterK to 8 |
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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