965 N Summit Ave - Apartments FOR SALE


Pasadena, CA 91103- Garfield Heights
$1,699,000 USD
310-525-0872
965 N Summit Ave, Pasadena, CA for Sale
$1,699,000 USD
Apartments - FOR SALE
1/11
null | 6.46% Cap Rate

965 N Summit Ave
Pasadena, CA 91103
Garfield Heights


HIGHLIGHTS

  • Huge 12,008 SF LOT
  • Tons of Parking
  • 20-30% Upside Potential
  • Build at least ADU's

OVERVIEW

965 N Summit Ave, Pasadena, CA 91103 Offered at $1,699,000 | 6 Units | Lot: 12,008 SF Excellent value-add multifamily opportunity in prime Pasadena. The property features (6) total units: (3) 2 bed / 1 bath (3) 1 bed / 1 bath Sits on an oversized 12,008 sq ft lot with room to build 3+ ADUs (buyer to verify). Rents currently have 20–30% upside, offering both immediate and long-term growth potential. Located in a strong rental area near transit, amenities, and the 210 freeway. A great option for investors seeking income, development potential, or a 1031 exchange opportunity....Add units. Raise rents. Build equity.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$397 USD /SF

# OF UNITS

6

PRICE/UNIT

$283,167

CAP RATE

6.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,008 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.