541 N Summit Ave - Apartments FOR SALE


Pasadena, CA 91103- Villa Parke
$1,600,000 USD
909-273-1994
541 N Summit Ave, Pasadena, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

541 N Summit Ave
Pasadena, CA 91103
Villa Parke


HIGHLIGHTS

  • All units currently 100% occupied (strong existing cash flow)
  • In-unit laundry hookups, wall A/C units, and individual private carport parking for each unit
  • Situated in 91103, a central Pasadena corridor with good connectivity to nearby commercial strips, parks, and amenities
  • Close proximity to Old Pasadena / downtown retail & dining, including The Paseo (outdoor mall) and pedestrian linkages to Colorado Blvd & civic center
  • School district: Pasadena Unified School District; nearby schools include Roosevelt Elementary, Octavia E. Butler Magnet, John Muir High School
  • a median household income around $90,000, high renter population, and diverse professional workforce — making it a consistent rental hotspot

OVERVIEW

Welcome to this investment opportunity in the heart of City of Pasadena. This property features two (2) two-story buildings (Front and Back) with four (4) units total. Each building has 2 units (1st floor & 2nd floor). All four units are 100% occupied. Each unit features 2 bedrooms + den (used as 3rd bedroom), and 1 bathroom. Each unit comes with indoor laundry hookups, A/C wall unit, and each unit comes with private one (1) carport parking in the back of the building. Exterior of the building was painted in 2024. This property is conveniently located in the heart of Pasadena and is minutes away from shopping centers, parks, metro and restaurants. Located just minutes from Old Town Pasadena, the Rose Bowl, and major freeways, this property combines convenience with long-term upside. All tenants are current with rent payments. **The information contained herein is obtained from sources believed to be reliable. However, we have not verified it and make no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is used for example and is submitted subject to errors, omissions, change of price or conditions, and is subject to prior sale, lease or withdrawal without notice.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$432 USD /SF

# OF UNITS

4

PRICE/UNIT

$400,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM-12

APN/PARCEL ID

5725-007-002

ASK ABOUT THIS PROPERTY

Tiffany HuangTNG Real EstateMore Info
909-273-1994

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Tiffany HuangTNG Real EstateMore Info
909-273-1994

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