842 N Summit Avenue, Pasadena, CA 91103

$999,999 Approx. USD 0 beds, 0 baths

Save My Notes

MORE INFO

Brochure

Marketed By The Keaty Team

View Team Members

Mortgage Calculator

GET PRE-APPROVED

Interested in This Property? Request Virtual Showing Your message will be sent to Kevin.
By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.

Agent Remarks

PRICE REDUCTION OF $125,000. This five-unit multi-family property offers a rare investment opportunity in one of Pasadena’s most desirable neighborhoods. Built in 1950, the property features six bedrooms and six bathrooms across 2,894 square feet of living space on a spacious 10,000- square-foot lot. With an annual gross rental revenue of approximately $80,000 and a net yearly income of around $50,000, this asset delivers strong cash flow. It has ample parking with approximately 9 private parking spaces and AC in each unit, enhancing tenant appeal. Investors may choose to maintain the property as a turnkey income generator or explore potential value-add improvements to further enhance rental income. Ideally located near Old Town Pasadena, the Rose Bowl, and key amenities, this property is perfect for 1031 exchange buyers, investors, or those looking to expand their rental portfolio.

Listing Details

Property type: Apartment (Multi-Family)

Status: Active

MLS# AR25052991

List price is $999,999 Reduced by $125,001 on 4/8/2025

Price: $999,999

Beds: 0

Baths: 0

Built in 1950

1 story

0.23 acres

Lot size: 0.2298