839 Summit Avenue, Pasadena, CA 91103
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- MLS#: OC25017098 ( Condominium )
- Street Address: 839 Summit Avenue
- Viewed: 8
- Price: $4,429,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1989
- Bldg sqft: 0
- Days On Market: 66
- Additional Information
- County: LOS ANGELES
- City: Pasadena
- Zipcode: 91103
- Provided by: Wind Water, Inc
- Contact: Jeremy Jeremy
- DMCA Notice
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DescriptionIntroducing 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.
Property Location and Similar Properties
Features
Accessibility Features
- Parking
Appliances
- None
Assessments
- None
Association Fee
- 0.00
Building Area Total
- 8902.00
Commoninterest
- Condominium
Common Walls
- 2+ Common Walls
Cooling
- None
Country
- US
Days On Market
- 17
Current Financing
- Conventional
Electric
- Electricity - On Property
Fireplace Features
- None
Flooring
- Laminate
Fuel Expense
- 0.00
Garage Spaces
- 0.00
Heating
- Electric
Insurance Expense
- 0.00
Interior Features
- Living Room Balcony
Laundry Equipment Own Lease
- Lease
Laundry Features
- Common Area
- Community
- Individual Room
- Inside
Levels
- Two
Lockboxtype
- None
Netoperatingincome
- 113400.00
Number Of Separate Electric Meters
- 14
Parcel Number
- 5725011017
Parking Features
- Community Structure
- Covered
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Condominium
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 430891266:CRM
Tenant Pays
- All Utilities
- Electricity
Totalactualrent
- 182952.00
Totalexpenses
- 67800.00
Trash Expense
- 0.00
Utilities
- Sewer Connected
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1989
Year Built Source
- Assessor
Zoning
- PSR1