842 N Summit Av,
Pasadena, CA 91103
在售房 $999,999 ($100万)
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房屋信息

其他类型

10009 平方英尺
(930平方米)

1950 年

1

暖: CF

2025年03月10日
已上市 40 天

地产编号: AR25052991
所处郡县: LA
面积单价:$345.54/sq.ft ($3,719 / 平方米)
房屋简介

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.

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