839 N Summit Avenue

Pasadena , CA 91103

MLS#: OC25017098

$4,429,000

Status: Active
Listing number: OC25017098
Listing provided by: Wind Water, Inc
Listing agent phone: None
Last update: N/A
On site: 6 months ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1989

Sq.Footage

N/A

Introducing 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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    N/A

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric

Exterior

  • Garage

    No

  • Other Exterior Features

    Balcony

  • Parking

    Covered, Community Structure

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.3442

  • Property Type

    Residential Income

  • Property Sub Type

    Condominium

Price

  • Sales Price

    $4,429,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Jeremy Noel , Wind Water, Inc

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Introducing 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.

839 N Summit Avenue

Message successfully sent.

What would you like to know?

Related Properties

BRAND NEW 3-units property in Pasadena’s most desirable location, just minutes from Pasadena City College (PCC), Caltech, and vibrant downtown Pasadena with its many amenities, dining, and entertainment options, plus easy access to major freeways. The front unit offers 3 bedrooms, 2.5 baths, while the rear duplex includes one unit with 3 bedrooms, 3.5 baths, and another with 3 bedrooms, 2.5 baths, a total of 5,219 sq ft of living space. Each residence is thoughtfully designed with modern finishes, two stories, and an attached two-car garage—ideal for multi-generational living, rental income, or a prime investment opportunity.
#AR25168304

Pasadena

107 N Parkwood Avenue

None Beds

None Baths

5,219 Sq.Ft.

$4,688,000

MLS#: AR25168304

Garfield Apartments is a well-located, 16-unit, value-add opportunity in the desirable city of Pasadena, CA. This gated community features an attractive unit mix of 1, 2, and 3-bedroom units. Property amenities include covered parking, gas cooking, individual gas and electric meters, and a shared laundry facility. Recent capital improvements include soft-story retrofitting, a new roof (2020), dual-pane windows, and fresh exterior paint. Garfield Apartments offers investors a compelling opportunity to acquire a value-add asset with strong in-place income and significant upside; approximately 48% upside in rents. The property is operating at a 5.7% cap rate with current rents, 9.7% with market rents.
#PW25156120

Pasadena

719 721 N Garfield Avenue

None Beds

None Baths

10,571 Sq.Ft.

$3,600,000

MLS#: PW25156120

Pride-of-Ownership 10-unit (4 Houses & 2 Triplexes) on a large 21k SF R3 Zoned Lot, Excellent Unit Mix, Gated, Garage Parking, Drawings for 2 ADUs are included. MONTANO VILLAS, a 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. This exceptional property comprises 4 bungalows/houses and 2 triplexes and is situated on a large ±20,911sf R3 lot. This value-add investment opportunity provides savvy investors with high-quality assets in a strong Pasadena submarket with significant rental upside potential and future expansion opportunities. The ownership had completed many significant capital improvements: Some of the major improvements are recently replaced roofs, new Central A/C and heating in each unit, new double pane windows throughout. An initial drawing for 2 ADU units would be included in the sale. MONTANO VILLAS is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and is situated on a ±20,911 SF R3 lot size. It offers excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2 bedrooms+1bathroom units complete with laundry hookups. Each patio home has a tiled shower + bathtub. The remaining 6 units consist of four (4) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom units. Each unit has central A/C and heating (installed in 2009), double pane windows, original hardwood flooring, stove, and refrigerator. Each of the 4 patio homes have a dishwasher. Each unit has an individual water heater and separately metered for electricity and gas. The property has two shared laundry rooms (machines are seller owned) and a large storage room. Parking is provided by a combination of 9 parking garages (with storage spaces) and several open space parking. Most tenants in this community are long time tenants that are on month to month and are due for rent increases. An additional significant rental upside can be realized when units turn in the future. The property is several blocks north of Old Town Pasadena. It is located east of Los Robles Ave and west of El Molino Ave. It is near the Rose Bowl area (Rose Bowl Stadium, Rose Bowl Aquatics Center, Kidspace Children Museum, and Brookside Golf Course), and just located across from a local Washington Park.
#AR25146336

Pasadena

517 E Washington Boulevard

None Beds

None Baths

8,340 Sq.Ft.

$3,800,000

MLS#: AR25146336

Introducing a charming oasis in the heart of Pasadena: this 16-unit garden-style apartment building offers a serene living experience. Nestled amidst lush landscaping, each unit boasts modern comforts with a touch of classic elegance. There are a mix of one and two-bedroom floor plans that feature well maintained kitchens, gleaming hardwood floors in the ground floor apartments, and parking for each unit. Enjoy the California sun in the tranquil courtyard, perfect for relaxing or socializing. With convenient access to Pasadena's vibrant culture, shopping, and dining, this property provides the ideal blend of comfort and convenience. The allure of Pasadena living is at its finest in this picturesque, well-maintained community. This property is gated and had a new roof installed in January 2023. Both the 515 and 517 buildings were repiped with pex in 2015 and 2017. The back carports have newer trusses and roof installed in 2020 with permits.**DRIVE BY ONLY. Property is tenant occupied. Please do not enter the property or approach tenants.
#AR25088228

Pasadena

515 N El Molino Avenue

None Beds

None Baths

11,794 Sq.Ft.

$4,790,000

MLS#: AR25088228

Nestled in the heart of Pasadena's prestigious South Grand Avenue district, 160 S Grand Avenue stands as a testament to early 20th-century elegance and modern adaptability. Constructed in 1906, this distinguished estate has gracefully evolved from a grand single-family residence into a sophisticated five-unit property, seamlessly blending historic charm with contemporary comforts.Historical SignificanceOriginally built in 1906, this property reflects the architectural grandeur of Pasadena's golden era. While specific details about its original builder and successive owners remain part of its rich tapestry, the estate's transformation from a private residence to a multi-unit dwelling underscores its enduring appeal and versatility.Property EvolutionThe main estate was thoughtfully converted into four unique units, each exuding individual character while preserving the home's historic essence. A fifth unit was subsequently added, designed with the owner's vision in mind, complete with caretaker quarters to ensure meticulous upkeep. Spanning a generous 5,941 square feet, the property encompasses eight bedrooms and five bathrooms, offering a blend of private retreats and communal spaces.Exquisite FeaturesPrivate Outdoor Spaces: Each unit boasts its own secluded outdoor area, perfect for relaxation or intimate gatherings.Ample Parking: Residents benefit from dedicated garage spaces, a coveted amenity in this historic neighborhood.Lush Grounds: The estate is enveloped by mature, verdant landscaping, providing a serene backdrop and a sense of seclusion.Inviting Pool: A well-maintained pool offers a refreshing retreat, enhancing the property's allure.160 S Grand Avenue is more than just a residence; it's a rare opportunity to own a piece of Pasadena's storied past, thoughtfully updated for modern living. This trophy property epitomizes timeless elegance, exceptional location, and unmatched potential.
#P1-21149

Pasadena

160 S Grand Avenue

None Beds

None Baths

5,941 Sq.Ft.

$3,750,000

MLS#: P1-21149

OVER 6% CAP RATE ON CURRENT RENTS! Great investment offering at under $250k per unit on almost 1 acre of land. A Buyer could be looking at over a 6% CASH ON CASH RETURN with this property even with today's interest rates. Cash cow opportunity in super strong rental location with bulletproof buildings on a large lot with BIG UPSIDE! Possibilities for ADU and great rent growth make this one of the best opportunities in Pasadena right now. With mostly single-story floor plans offering a unit mix of One 3Bed+2bath, Three 2Bed+1bath and 16 spacious 1Bed+1bath units. Each unit is equipped with wall-mounted air conditioning and heating, a mix of tile and carpet flooring, and expansive kitchens with gas oven/stove combinations. The property is well-maintained, showcasing an open grass courtyard, an on-site laundry facility that yields a steady flow of income with open and carport parking.
#24456721

Pasadena

485 E Washington Boulevard

25 Beds

None Baths

13,859 Sq.Ft.

$4,990,000

MLS#: 24456721

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here