926 Summit , Pasadena, CA 91103
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- MLS#: PW24249404 ( Quadruplex )
- Street Address: 926 Summit
- Viewed: 1
- Price: $2,295,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1896
- Bldg sqft: 0
- Days On Market: 134
- Additional Information
- County: LOS ANGELES
- City: Pasadena
- Zipcode: 91103
- Provided by: Justin White
- Contact: Justin Justin
- DMCA Notice
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DescriptionLocated in the vibrant heart of Pasadena, this property bene?ts from the citys 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 propertys 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. Dont miss your chance to acquire this exceptional property in one of Southern Californias most desirable cities!
Property Location and Similar Properties
Features
Appliances
- Disposal
- Gas Oven
Association Fee
- 0.00
Building Area Total
- 5811.00
Commoninterest
- Community Apartment
Common Walls
- 1 Common Wall
Construction Materials
- Plaster
Cooling
- Central Air
Country
- US
Days On Market
- 78
Current Financing
- Conventional
Electric Expense
- 0.00
Fencing
- Vinyl
Foundation Details
- Raised
Fuel Expense
- 0.00
Garage Rental Rate
- 0.00
Garage Spaces
- 0.00
Gardner Expense
- 800.00
Heating
- Central
Insurance Expense
- 6392.00
Laundry Equipment Own Lease
- Own
Laundry Features
- Dryer Included
- Inside
- Washer Included
Levels
- One
Lockboxtype
- None
Lot Features
- Garden
- Lot 10000-19999 Sqft
- Rectangular Lot
Netoperatingincome
- 88510.00
Other Structures
- Shed(s)
Parcel Number
- 5729016014
Parking Features
- Assigned
- Asphalt
- Off Site
- Off Street
Pool Features
- None
Property Type
- Quadruplex
Property Condition
- Updated/Remodeled
Road Frontage Type
- City Street
Road Surface Type
- Paved
Roof
- Composition
- Shingle
Security Features
- Carbon Monoxide Detector(s)
- Smoke Detector(s)
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 428695580:CRM
Tenant Pays
- All Utilities
- Cable TV
- Electricity
- Gas
- Insurance
Totalexpenses
- 37842.00
Trash Expense
- 500.00
Uncovered Spaces
- 4.00
Utilities
- Cable Available
- Phone Available
Vacancyallowance
- 3908
Water Sewer Expense
- 500.00
Water Source
- Public
Window Features
- Double Pane Windows
Year Built
- 1896
Year Built Source
- Public Records
Zoning
- PSR1