Investor’s Dream Opportunity in Pasadena!BACK ON MARKET! BUYER CANNOT PERFORM! Discover endless potential with this 3-bedroom, 1-bathroom home nestled in a prime Pasadena neighborhood. It features a spacious backyard along with a classic California basement and attic for extra storage or potential expansion space. Impacted by a fire in June 2021, this property presents a unique opportunity for a bold investor with vision! Due to the current condition, this home is uninhabitable, making it a serious fixer-upper or an ideal teardown to create something new.This is an all-cash sale only and sold strictly ‘as is’–no repairs will be made by the seller. Please respect the uninhabitable condition and refrain from visiting the property directly. The city of Pasadena has designated this property as RM-12 (Multi-Family Residential, Two Units Per Lot), presenting an incredible opportunity to maximize its investment potential. Investors can build additional units to significantly enhance the property’s value and rental income. For homebuyers, it allows for the addition of another home, providing the option to live in one unit while renting out the other, further optimizing financial returns. Buyer/Investor to conduct their own due diligence regarding measurements, permits, and city compliance to address and satisfy their inquiries. If you’re ready to take on a major project and unlock its value, this property is calling for you! DEADLINE TO SUBMIT OFFERS: 11/8/24, FRIDAY AT 6:00 PM. Send offers under 1 PDF file with POF to [email protected]. Thanks!
Property Details
Price:
$545,000
MLS #:
P1-19747
Status:
Pending
Beds:
3
Baths:
1
Address:
894 N Summit Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
645pasadenanw
City:
Pasadena
Listed Date:
Oct 5, 2024
State:
CA
Finished Sq Ft:
1,236
ZIP:
91103
Lot Size:
7,500 sqft / 0.17 acres (approx)
Year Built:
1904
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Schools
Interior
Appliances
None
Cooling
None
Fireplace Features
None
Heating
None
Exterior
Community Features
Sidewalks
Fencing
Chain Link
Garage Spaces
2.00
Lot Features
Sprinklers None
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Map
Community
- Address894 N Summit Avenue Pasadena CA
- Area645 – Pasadena (NW)
- CityPasadena
- CountyLos Angeles
- Zip Code91103
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
894 N Summit Avenue
Pasadena, CA
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