965 N Summit Avenue, Pasadena, CA 91103 - Berkshire Hathaway HomeServices California Properties

Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007

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Agent Remarks

JUST REDUCED by $224,000! 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 Details

Property type: (Multi-Family)

Status: Active

MLS# 24471701

List price is $1,926,000 Reduced by $224,000 on 3/6/2025

Beds: 9

Baths: 6

Built in 1958

4,275 sqft

1 story

0.28 acres

Lot size: 0.2757