Pasadena, CA 91103 842 N Summit Avenue

842 N Summit Avenue Pasadena, CA - Image 1842 N Summit Avenue Pasadena, CA - Image 2842 N Summit Avenue Pasadena, CA - Image 3
Presented By: Robert Ip with Coldwell Banker Realty Pasadena; 626-394-2527
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# AR25052991
  • 03/10/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 6
  • Baths • 4
  • SQFT • 2,894

Home Details

PRICE REDUCTION OF $125,000. This five-unit multi-family property offers a rare investment opportunity in one of Pasadena’s most desirable neighborhoods. Built in 1950, the property features six bedrooms and six bathrooms across 2,894 square feet of living space on a spacious 10,000- square-foot lot. With an annual gross rental revenue of approximately $80,000 and a net yearly income of around $50,000, this asset delivers strong cash flow. It has ample parking with approximately 9 private parking spaces and AC in each unit, enhancing tenant appeal. Investors may choose to maintain the property as a turnkey income generator or explore potential value-add improvements to further enhance rental income. Ideally located near Old Town Pasadena, the Rose Bowl, and key amenities, this property is perfect for 1031 exchange buyers, investors, or those looking to expand their rental portfolio.
Presented By: Robert Ip with Coldwell Banker Realty Pasadena; 626-394-2527

Interior Features for 842 N Summit Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 842 N Summit Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityPasadena
Community FeaturesSidewalks
CountyLos Angeles
DirectionsSouth of Mountain Street
Electric Expense2327.0
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income83460.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet10009.0
Lot Size UnitsSquareFeet
MLS Area645 - Pasadena (NW)
MobileHomeRemainsYNNo
Net Operating Income37046.0
New ConstructionNo
Number Of Units Total5
Operating Expense46054.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot76
Tenant PaysCableTv, Electricity, Gas
Trash Expense0.0
Water Sewer Expense0.0
Year Built1950
Year Built SourceAssessor
ZoningPSR1

Exterior for 842 N Summit Avenue

Building Area Total2894.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.2298
Lot Size Area10009.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $999,999
MLS#AR25052991
List Date 03/10/2025
Property Type Multi-Family
Phone 714.742.6515
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Request Info
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