842 N Summit Avenue, Pasadena, CA 91103

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
#1#2#3
842 N Summit Avenue,Pasadena, CA 91103
$999,999
  • - Beds
  • - Baths
  • 2,894 sq. ft.
  • Multi-family
  • Pending
Listed by:robert ip
Office:coldwell banker realty pasadena
MLS#:AR25052991
Source:CRMLS

Price summary

  • Price:$999,999
  • Price per sq. ft.:$345.54

About this home

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.

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Home facts

  • Year built:1950
  • Listing Id #:AR25052991
  • Added:162 day(s) ago
  • Updated:August 18, 2025 at 07:47 AM

Rooms and interior

  • Living area:2,894 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:1950
  • Building area:2,894 sq. ft.
  • Lot area:0.23 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$999,999
  • Price per sq. ft.:$345.54
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