CA > Pasadena
Pasadena, CA 91103,839 N Summit AVE
Pasadena, CA 91103,839 N Summit AVE
Pasadena, CA 91103,839 N Summit AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,429,000
Est. payment /mo
0.34 Acres Lot
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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25017098

HOA Y/N No

Year Built 1989

Lot Size 0.344 Acres

Property Sub-Type Condominium

Property Description

Introducing an exceptional opportunity to acquire Summit Apartments, a value-add property located in the desirable Villa Parke community of Pasadena.
5 units ready for immediate move in including 3 units fully remodeled and 9 units with long term tenants. This apartment building offers a combination of one- and two-bedroom units, featuring amenities such as new laminate wood flooring and private balconies. The property is situated in a gated community and includes a laundry room, covered parking, and copper plumbing. Built in 1989, this asset presents significant potential for rental income growth. The building includes 9 units with long-term, well-established tenants and 5 vacant units, each 1-bedroom, 1-bath. 3 of these vacant units have been fully renovated, boasting new floors, fresh paint, updated kitchens, and modern bathrooms allowing the new owner the flexibility to choose and put their own tenants in place right away.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Zoning PSR1

Interior

Interior Features Balcony

Heating Electric

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry Common Area, Inside, Laundry Room

Exterior

Parking Features Covered, Community Structure

Pool None

Community Features Urban

Utilities Available Sewer Connected

Accessibility Parking

Private Pool No

Building

Story 1

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5725011017

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Jeremy Noel • Wind Water, Inc • 949-423-9800

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