Listing Courtesy of: CRMLS / Coldwell Banker Realty / Robert Ip - Contact: 626-394-2527
842 N Summit Avenue Pasadena, CA 91103
Active (2 Days)
$1,125,000
2,894
SQFT
Description
MLS #:
AR25052991
AR25052991
Lot Size
10,009 SQFT
10,009 SQFT
Type
Multifamily
Multifamily
Year Built
1950
1950
County
Los Angeles County
Los Angeles County
Listed By
Robert Ip, DRE #01876261 CA, Coldwell Banker Realty, Contact: 626-394-2527
Source
CRMLS
Last checked Mar 12 2025 at 7:29 PM PDT
CRMLS
Last checked Mar 12 2025 at 7:29 PM PDT
Bathroom Details
Heating and Cooling
- Central
Utility Information
- Utilities: Water Source: Public
- Sewer: Public Sewer
Stories
- 1
Additional Information: Pasadena | 626-394-2527
Location
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.
one of Pasadena’s most desirable neighborhoods. Built in 1950, the
property features six bedrooms and six bathrooms across 2,894 square
feet of living space on a spacious 10,000- square-foot lot.
With an annual gross rental revenue of approximately $80,000 and a net
yearly income of around $50,000, this asset delivers strong cash flow. It
has ample parking with approximately 9 private parking spaces and AC in
each unit, enhancing tenant appeal. Investors may choose to maintain the
property as a turnkey income generator or explore potential value-add
improvements to further enhance rental income.
Ideally located near Old Town Pasadena, the Rose Bowl, and key amenities,
this property is perfect for 1031 exchange buyers, investors, or those
looking to expand their rental portfolio.