839 N Summit AVE Active Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91103
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 8,902 sqft
Price per Sqft $497
MLS Listing ID OC25017098
HOA Y/N No
Year Built 1989
Lot Size 0.344 Acres
Acres 0.3442
Property Sub-Type Condominium
Property Description
Introducing an exceptional opportunity to acquire Summit Apartments, a value-add property located in the desirable Villa Parke community of Pasadena.
5 units ready for immediate move in including 3 units fully remodeled and 9 units with long term tenants. This apartment building offers a combination of one- and two-bedroom units, featuring amenities such as new laminate wood flooring and private balconies. The property is situated in a gated community and includes a laundry room, covered parking, and copper plumbing. Built in 1989, this asset presents significant potential for rental income growth. The building includes 9 units with long-term, well-established tenants and 5 vacant units, each 1-bedroom, 1-bath. 3 of these vacant units have been fully renovated, boasting new floors, fresh paint, updated kitchens, and modern bathrooms allowing the new owner the flexibility to choose and put their own tenants in place right away.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Zoning PSR1
Rooms
Other Rooms Living Room
Interior
Interior Features Living Room Balcony
Heating Electric
Cooling None
Flooring Laminate
Fireplaces Type None
Appliance None
Laundry Common Area,Community,Individual Room,Inside
Exterior
Parking Features Community Structure,Covered
Pool None
Community Features Urban
Utilities Available Sewer Connected
Handicap Access Parking
Private Pool No
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS 1031 Exchange,Cash,Cash To New Loan,Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Jeremy
SHOW CONTACT PH 949-423-9800
SHOW INSTRUCTIONS DO NOT DISTURB TENANTS. Tenants not aware of the sale. Drive by only, No showings until an offer is accepted by owner. Submit Proof of Funds & Pre-Qualification Letter with Offer. Seller Selects all Services. Contact Jeremy 949-423-9800 with questions.