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Listed by Justin White • Justin White
$ 2,295,000
Est. payment /mo
Active
926 Summit Pasadena, CA 91103
5,811 SqFt
UPDATED:
12/14/2024 03:55 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,811 sqft
Price per Sqft $394
MLS Listing ID PW-24249404
Year Built 1896
Lot Size 10,014 Sqft
Property Description
Located in the vibrant heart of Pasadena, this property bene?ts from the city's rich cultural heritage, stunning architecture, and thriving arts scene. The area is known for its diverse community, world-class museums, and commitment to sustainability, making it an attractive destination for residents and visitors alike. 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
Zoning PSR1
Interior
Heating Central
Cooling Central Air
Laundry Dryer Included, Inside, Washer Included
Exterior
Parking Features Off Site, Off Street, Asphalt, Assigned
Pool None
Community Features Curbs, Sidewalks, Street Lights
Utilities Available Cable Available, Phone Available
Building
Lot Description Garden, Lot 10000-19999 Sqft, Rectangular Lot
Sewer Public Sewer