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965 N Summit Ave 6 Unit Apartment Building $1,550,000 ($258,333/Unit) 7.60% Cap Rate Pasadena, CA 91103
INVESTMENT HIGHLIGHTS
- Huge 12,008 SF LOT
- 20-30% Upside Potential
- 2 buildings - 3 units each
- Tons of Parking
- Build at least ADU's
EXECUTIVE SUMMARY
965 N Summit Ave, Pasadena, CA 91103
Just Reduced to $1,550,000 | 6 Units | Lot: 12,008 SF
Two buildings consisting of Three (3) Units each
One of the 2+1's units is now vacant
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. One of the 2+1's will be delivered vacant.
Just Reduced to $1,550,000 | 6 Units | Lot: 12,008 SF
Two buildings consisting of Three (3) Units each
One of the 2+1's units is now vacant
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. One of the 2+1's will be delivered vacant.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Gas Range
- Online Services
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (86)
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965 N Summit Ave
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