965 N Summit Ave - Apartments FOR SALE


Pasadena, CA 91103
$2,150,000 USD
310-525-0872
965 N Summit Ave, Pasadena, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

965 N Summit Ave
Pasadena, CA 91103


HIGHLIGHTS

  • Value-Add Opportunity - Currently under-market rents allow for about 30% upside.
  • Room for Expansion: Add 3 ADU’s for extra income. 2 detached and the 3rd with 25% of it attached to an existing structure/wal
  • Upside Potential: Currently under-market rents allow for about 30% upside.
  • Prime Location: Located in sought-after Pasadena, known for its strong rental market.
  • All units have washer hookups.

OVERVIEW

Looking for an investment with room to grow? This 6-unit apartment building in Pasadena offers incredible value-add potential and room to boost your returns. Prime Location: Located in sought-after Pasadena, known for its strong rental market. Value-Add Opportunity: Light renovations can increase rents and boost property value. Upside Potential: Currently under-market rents allow for about 30% upside. Room for Expansion: Add 3 ADU’s for extra income. 2 detached and the 3rd with 25% of it attached to an existing structure/wall. Steady Demand: Pasadena's strong job market ensures a reliable tenant base. CAP Rate will vary based on the property taxes of the final price. Don’t miss this chance to invest in a high-demand area with significant upside potential.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

6

PRICE/UNIT

$358,333

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

11,996 SF

ZONING

R37200, Pasadena - PSR1

APN/PARCEL ID

5728-003-033

ASK ABOUT THIS PROPERTY

Sam ShakerchiShakerchi Real EstateMore Info
310-525-0872

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Sam ShakerchiShakerchi Real EstateMore Info
310-525-0872

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