Introducing an exceptional opportunity to acquire Summit Apartments, a value-add property located in the desirable Villa Parke community of Pasadena.
5 remodeled units ready for immediate move in 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. 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.
5 remodeled units ready for immediate move in 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. 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.
Property Details
Price:
$4,429,000
MLS #:
OC25017098
Status:
Active
Baths:
0
Address:
839 N Summit Avenue
Type:
Residential Income
Subtype:
Condominium
Neighborhood:
645pasadenanw
City:
Pasadena
Listed Date:
Jan 27, 2025
State:
CA
ZIP:
91103
Lot Size:
14,992 sqft / 0.34 acres (approx)
Year Built:
1989
See this Listing
Mortgage Calculator
Schools
Interior
Accessibility Features
Parking
Appliances
None
Cooling
None
Fireplace Features
None
Flooring
Laminate
Heating
Electric
Interior Features
Living Room Balcony
Exterior
Community Features
Urban
Electric
Electricity – On Property
Garage Spaces
0.00
Parking Features
Community Structure, Covered
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities, Electricity
Utilities
Sewer Connected
Map
Community
- Address839 N Summit Avenue Pasadena CA
- Area645 – Pasadena (NW)
- CityPasadena
- CountyLos Angeles
- Zip Code91103
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839 N Summit Avenue
Pasadena, CA
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