1135-1139 N Summit Ave - Apartments FOR SALE


Pasadena, CA 91103
$1,499,000 USD
949-310-2223
1135-1139 N Summit Ave, Pasadena, CA for Sale
$1,499,000 USD
Apartments - FOR SALE
1/37
null | 5.09% Cap Rate

1135-1139 N Summit Ave
Pasadena, CA 91103


OVERVIEW

Beautifully renovated 2 houses on a lot with one car garage and additional on-site parking; potential to add ADU. Corner lot; houses sit side by side with frontage along Summit Ave and allow for completely independent living and privacy for both homes. Currently fully occupied. Corner building (1135 N. Summit) is a large one bedroom, loft work/live space with two onsite parking spaces in the rear. 1139 N. Summit is a beautiful California bungalow with 2 bedrooms and one bath and large deck in rear with a one car detached garage. Both buildings separately metered. Currently a 5.09 cap, with the addition of an ADU, the cap jumps to 6.28. Please see pro-forma attached.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$714 USD /SF

# OF UNITS

2

PRICE/UNIT

$749,500

CAP RATE

5.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1912

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,417 SF

ZONING

RM-12

APN/PARCEL ID

5728-002-015

ASK ABOUT THIS PROPERTY

Marina RossiThe Avi-Ross Group, LLCMore Info
949-310-2223

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Marina RossiThe Avi-Ross Group, LLCMore Info
949-310-2223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.