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541 N Summit Ave 4 Unit Apartment Building $1,600,000 ($400,000/Unit) Pasadena, CA 91103
INVESTMENT HIGHLIGHTS
- All units currently 100% occupied (strong existing cash flow)
- Situated in 91103, a central Pasadena corridor with good connectivity to nearby commercial strips, parks, and amenities
- School district: Pasadena Unified School District; nearby schools include Roosevelt Elementary, Octavia E. Butler Magnet, John Muir High School
- In-unit laundry hookups, wall A/C units, and individual private carport parking for each unit
- Close proximity to Old Pasadena / downtown retail & dining, including The Paseo (outdoor mall) and pedestrian linkages to Colorado Blvd & civic center
- a median household income around $90,000, high renter population, and diverse professional workforce — making it a consistent rental hotspot
EXECUTIVE SUMMARY
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.
**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.
PROPERTY FACTS
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $400,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,700 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low-Rise | Parking Ratio | 1.08/1,000 SF |
| Zoning | RM-12 | ||
| Price | $1,600,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | RM-12 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 5725-007-002 | Improvements Assessment | $450,000 |
| Land Assessment | $900,000 | Total Assessment | $1,350,000 |
PROPERTY TAXES
Parcel Number
5725-007-002
Land Assessment
$900,000
Improvements Assessment
$450,000
Total Assessment
$1,350,000
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541 N Summit Ave
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