842 N Summit Avenue, Pasadena CA, 91103

Active

842 N Summit Avenue

Pasadena CA, 91103

$1,125,000

$388.74 per sqft

Active

2,894 sqft

Condos

Built in 1950

Listed by Robert Ip with Coldwell Banker Realty Pasadena 626-394-2527

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.

AR25052991

MLSⓇ ID

March 10, 2025

Listed

March 11, 2025

Updated

Interior Features

Total Stories: 1
Laundry Description: None
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 0.23 Acres
Lot Features: 2-5 Units/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 645 - Pasadena (NW)
Garage: No
Parking Total: 0
View: No
County: Los Angeles
Water Source: Public
Pool Features: None
Zoning: PSR1

Listing Contact: 626-584-0050

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/11/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/11/2025 at 10:40 AM UTC