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826 N Summit Avenue

Pasadena, CA 91103
  • $1,295,000
  • STATUS: ACTIVE
  • ON SITE: 152 Days
  • ID#: CV23120313
$1,295,000
  • 6
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

JUST REDUCED! We are pleased to exclusively offer for sale this multi-family investment property in the highly desirable community of Pasadena. The property consists of all single story construction, with a unit mix of 1(2Bed/1Bath) cottage style unit, and 4 remaining units situated in two duplex style buildings; 1(2Bed/1Bath) and 3(1Bed/1Bath)s. Tenants pay for their own electricity and gas while the owner pays for water and trash. The seller has been quite conservative with the rental increases leaving a new investor significant upside in the rental rates. *Note: While the city of Pasadena has a Certificate of Occupancy for 5 legal rental units, Los Angeles County shows the subject property as 4 units. All 5 units have their own mailing addresses and gas and electrical meters. JUST REDUCED! We are pleased to exclusively offer for sale this multi-family investment property in the highly desirable community of Pasadena. The property consists of all single story construction, with a unit mix of 1(2Bed/1Bath) cottage style unit, and 4 remaining units situated in two duplex style buildings; 1(2Bed/1Bath) and 3(1Bed/1Bath)s. Tenants pay for their own electricity and gas while the owner pays for water and trash. The seller has been quite conservative with the rental increases leaving a new investor significant upside in the rental rates. *Note: While the city of Pasadena has a Certificate of Occupancy for 5 legal rental units, Los Angeles County shows the subject property as 4 units. All 5 units have their own mailing addresses and gas and electrical meters.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
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826 N Summit Avenue Pasadena, CA 91103

  • Price: $1,295,000
  • Status: ACTIVE
  • On Site: 152 Days
  • ID#: CV23120313
6
Beds
0
Baths
0
½ Baths
0.28
Acres
Neighborhood:
Pasadena (91103)
County:
Los Angeles
Area:
Pasadena (91103)
Property Description
JUST REDUCED! We are pleased to exclusively offer for sale this multi-family investment property in the highly desirable community of Pasadena. The property consists of all single story construction, with a unit mix of 1(2Bed/1Bath) cottage style unit, and 4 remaining units situated in two duplex style buildings; 1(2Bed/1Bath) and 3(1Bed/1Bath)s. Tenants pay for their own electricity and gas while the owner pays for water and trash. The seller has been quite conservative with the rental increases leaving a new investor significant upside in the rental rates. *Note: While the city of Pasadena has a Certificate of Occupancy for 5 legal rental units, Los Angeles County shows the subject property as 4 units. All 5 units have their own mailing addresses and gas and electrical meters. JUST REDUCED! We are pleased to exclusively offer for sale this multi-family investment property in the highly desirable community of Pasadena. The property consists of all single story construction, with a unit mix of 1(2Bed/1Bath) cottage style unit, and 4 remaining units situated in two duplex style buildings; 1(2Bed/1Bath) and 3(1Bed/1Bath)s. Tenants pay for their own electricity and gas while the owner pays for water and trash. The seller has been quite conservative with the rental increases leaving a new investor significant upside in the rental rates. *Note: While the city of Pasadena has a Certificate of Occupancy for 5 legal rental units, Los Angeles County shows the subject property as 4 units. All 5 units have their own mailing addresses and gas and electrical meters.
Exterior Features

Pool N/K Site CurbsSidewalks

Interior Features

Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Annual Expense Actual 26314 Buildings 3 Cfd Mello Roos Fee 1209.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 87300 Monthly Total Fees 100 Tenant Pays ElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1550.0 Unit2 Rent Actual 1525.0 Unit3 Rent Actual 1400.0 Unit4 Rent Actual 1400.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Kristopher German of RE/MAX 2000 REALTY: 909-645-0443. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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