26
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$4,429,000
Est. payment /mo
0.34 Acres Lot
Active
839 N Summit AVE Pasadena, CA 91103
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UPDATED:
02/26/2025 07:34 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25017098
Originating Board California Regional MLS
Year Built 1989
Lot Size 0.344 Acres
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)
Rooms
Kitchen None
Interior
Heating Electric
Cooling None
Flooring Laminate
Laundry In Laundry Room, Laundry Area, Other, Washer/Dryer - Leased, Community Facility
Exterior
Parking Features Common Parking - Shared, Covered Parking
Pool None
Building
Water District - Public
Others
Tax ID 5725011017
Special Listing Condition Not Applicable
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Listed by Jeremy Noel • Wind Water, Inc