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

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