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Pending
  • Listing Provided by: 

    Robert Ip DRE #01876261 626-394-2527,

    Coldwell Banker Realty Pasadena

    $999,999

    842 N Summit Ave, Pasadena, CA 91103

    1beds
    1baths
    2,894sqft
    : 
    Multi Family
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $346/sqft
    $-- HOA

    What's special

    PRICE REDUCTION OF $125,000. This five-unit multi-family property offers a rare investment opportunity in 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.
    152 days
    on Zillow
    |
    990
    |
    47
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 05, 2025 at 02:45pm

    Listing Provided by:

    Robert Ip DRE #01876261 626-394-2527,

    Coldwell Banker Realty Pasadena

    Source: CRMLS,MLS#: AR25052991MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    Heating
    • Central
    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 2,894
    • Total interior livable area: 2,894 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 10,009 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 5725012013
    • Zoning: PSR1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks
    Location
    • Region: Pasadena

    Financial & listing details

    • Price per square foot: $346/sqft
    • Tax assessed value: $766,615
    • Annual tax amount: $9,708
    • Date on market: 3/10/2025
    • Listing terms: Cash,Cash to New Loan,Conventional
    • Tenant pays: Cable TV, Electricity, Gas
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