REDUCED by $104,000! 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.
For sale
Price cut: $104K (9/19)
$1,595,000
965 N Summit Ave, Pasadena, CA 91103
9beds
6baths
4,275sqft
Est.:
Multi Family
Built in 1958
-- sqft lot
$1,585,000 Zestimate®
$373/sqft
$-- HOA
What's special
- 127 days |
- 345 |
- 12 |
- Loading
- Loading