926 Summit Pasadena, CA 91103
10,014 Sqft Lot
UPDATED:
12/14/2024 11:11 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24249404
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1896
Lot Size 10,014 Sqft
Property Description
This historic building, originally constructed in 1896, has undergone extensive renovations, completed this year. Upgrades include all new plumbing, enhanced electrical systems, freshly painted exteriors, new vinyl fencing, and new roofs throughout. These improvements ensure a modern living experience while preserving the property’s unique charm.
The property features four well-designed units:
1 x 1 Bedroom, 1 Bathroom
1 x 2 Bedroom, 1 Bathroom
2 x 3 Bedroom, 1 Bathroom
This diverse unit mix cater s to a variety of tenants, from singles and couples to families, enhancing rental demand and potential cash ?ow.
Situated on a large 10,014 SF lot, the property offers signi?cant development potential. The buyer has the opportunity to build an additional four 1 Bedroom, 1 Bathroom units, expanding the total square footage by approximately 1,600 SF. This potential for expansion presents an attractive avenue for increased revenue and long-term investment growth.
Pasadena's location near Los Angeles, combined with its desirable amenities, supports a robust rental market. The area attracts a steady in?ux of residents seeking quality housing in a vibrant community, positioning this investment for strong occupancy rates and rental income.
This property represents a unique opportunity to invest in a newly rehabbed multifamily building in a sought-after area of Pasadena. With its combination of historic charm, modern amenities, and potential for expansion, this asset is poised for signi?cant appreciation and ongoing cash ?ow.
Don’t miss your chance to acquire this exceptional property in one of Southern California’s most desirable cities!
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Zoning PSR1
Rooms
Other Rooms Shed(s)
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Disposal, Gas Oven, Dryer, Washer
Laundry Inside
Exterior
Parking Features Assigned, Asphalt, Off Site, Off Street
Fence Vinyl
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Cable Available, Phone Available
Roof Type Composition,Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description Garden, Rectangular Lot
Story 2
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One
Additional Building Shed(s)
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5729016014
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
