842 N Summit Avenue, Pasadena, CA 91103 - MLS#AR25052991

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$999,999

Est. payment - /mo

4 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID AR25052991

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

Property Description

PRICE REDUCTION OF $125,000. This five-unit multi-family property offers a rare investment opportunity in one of Pasadenas 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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction South of Mountain Street

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 5725012013

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Listed by Robert Ip Coldwell Banker Realty Pasadena

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

842 N Summit Avenue Pasadena, CA 91103

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION