1985 Summit ave, Pasadena, CA 91103
Pending
$1,600,000
6%
5 Units
8 Beds
5 Baths
3,776 Area(sq.ft.)
Lot: 8,906 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,414 | $ 2,414 | $ 3,000 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,414 | $ 2,414 | $ 3,000 |
| Unit 3 | 1 | 2 | 1 | No | $ 1,185 | $ 1,185 | $ 3,000 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,414 | $ 2,414 | $ 3,000 |
| Unit 5 | 1 | studio | 1 | No | $ 1,700 | $ 1,700 | $ 2,200 |
| 5 | 8 | 5 | $ 10,127 | $ 10,127 | $ 14,200 |
| MLS #: | WS25080714MR |
| Days On Market: | 235 |
| Listing Date: | April 15, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 424 |
| Price per unit: | $ 320,000 |
| Year Built: | 1949 |
Property Details
Don t miss this exceptional opportunity to own a fully upgraded Five units property offering spacious, modern units in a highly desirable area. Ideal for both investors and owner-users, each unit has been thoughtfully updated with high-end finishes and features that maximize comfort, functionality, and rental appeal. Interior Features Bright, open floorplans with abundant natural light, luxury vinyl tile flooring and fresh paint throughout. Brushed nickel hardware and fixtures. Updated kitchens with light quartz countertops, white shaker-style cabinetry, stainless steel sinks, generous pantry space, and new stoves. Bathrooms feature new tub/shower combos, modern vanities, 3-door medicine cabinets, and elegant brushed nickel lighting. Primary bedrooms include wall A/C units, large walk-in closets, and linen storage. Additional Highlights: 4 of 5 units offer washer/dryer hookups for added tenant convenience. One assigned parking space per unit. Prime Location: Located near major conveniences, including restaurants, grocery stores, and retail. Just minutes from the newly renovated Westfield Santa Anita Mall and with easy access to freeways, this property sits in a sought-after rental market with strong upside potential.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 121,536 |
| Total Annual Expense: | $ 36,146 |
| Net Operating Income: | $ 85,390 |
| Actual Gross Rent: | $ 10,128 |
Structure
| Community Features: | Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | PSR1 |
| Land Lease Type: | Fee |
| Total Parking: | 10 |
Interior
| Cooking Appliances: | Oven-Gas |
| AC/Cooling: | Wall/Window Unit(s) |
| Equipment: | Gas Dryer Hookup, Washer Hookup |
| Heating: | Natural Gas |
| Fireplace Rooms: | None |
| Laundry: | Gas Dryer Hookup, Washer Hookup |
| Laundry Income: | 0.00 |
Exterior
| Pool: | No |
Detailed Map
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