965 N Summit Avenue, Pasadena, CA 91103
- $1,512,000
- 9
- BD
- 6
- BA
- 4,275
- SqFt
- Sold Price
- $1,512,000
- List Price
- $1,550,000
- Closing Date
- Dec 31, 2025
- Status
- CLOSED
- MLS#
- 25540149
- Year Built
- 1958
- Bedrooms
- 9
- Bathrooms
- 6
- Living Sq. Ft
- 4,275
- Lot Size
- 12,008
- Acres
- 0.28
- Days on Market
- 186
- Property Type
- Multifamily
- Stories
- One Level
Property Description
REDUCED and ready to sell! 6 Units for sale in Prime Pasadena. One of the 2+1's units is vacant. Two Buildings consisting of 3 units per building. Both buildings sit on a large 12,008 SF lot. Excellent value-add multifamily opportunity that features (6) total units: Three 2bed +1 bath, three 1bed +1 bath units and there is room to build 3+ ADUs (buyer to verify). Rents are currently on the lower side so there's about 30% upside to be had and one of the 2+1's will be delivered vacant at COE. Located in a strong rental area near transit, amenities, & the 210 freeway. A great option for investors seeking income, development potential, or a 1031 exchange opportunity. Projected GRM after Value-Add is a very low 9.
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Additional Information
- Appliances
- Refrigerator
- Attached Structure
- Detached
- Number Of Units Total
- 6
Listing courtesy of Listing Agent: Sam Shakerchi (samshakerchi@gmail.com) from Listing Office: Compass.
Listing sold by Kenneth So from Moon Realty
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.