Active
926 Summit
PASADENA CA, 91103
$2,295,000
$394.94 per sqft
Active
9 Beds
4 Baths
5,811 sqft
Multi-family
Built in 1896
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!
PW24249404MR
MLSⓇ ID
October 21, 2024
Listed
December 14, 2024
Updated
Map
926 Summit
PASADENA CA, 91103
Interior Features
Total Stories
2
Bedrooms
9
Total Bathrooms
4
Appliances
Dryer, Dryer Included, Inside, Washer, Washer Included
Laundry Description
Dryer, Dryer Included, Inside, Washer, Washer Included
Fireplace
No
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.23 Acres
Roof
Composition, Shingle
Sewer
Public Sewer
Other Property Details
Area Name
Pasadena NW
Days on Market
1
Garage
No
Parking
Assigned, Offsite
Parking Total
4
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
PSR1
Listed by Justin White with Justin White
Listing Contact: 714.231.2537
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Landon Pacific Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/14/2024