922 N Summit AVE Pasadena, CA 91103
Sale
$2,295,000
4 Units
9 Beds
4 Baths
4,211 Area(sq.ft.)
10,014 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | n/a | $ 1,695 | n/a | |
| Unit 2 | 1 | 2 | 1 | n/a | $ 2,695 | n/a | |
| Unit 3 | 1 | 3 | 1 | n/a | $ 2,970 | n/a | |
| Unit 4 | 1 | 3 | 1 | n/a | $ 3,495 | n/a | |
| 4 | 4 | 9 | 4 | $ 0 | $ 10,855 | $ 0 |
| MLS #: | GD24015743IT |
| Days On Market: | 79 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 545 |
| Price per unit: | $ 573,750 |
| Year Built: | 1896 |
Property Details
Welcome to this exceptional multi-family home in the highly desirable neighborhood of Pasadena! This property boasts a total of 9 bedrooms and 4 bathrooms spread across 4 units, making it a fantastic investment opportunity.**Title is showing 7 bedroom, 4 bathroom!! Let's delve into the unique features and offerings of this property: Unit Breakdown:Unit 1 (1 Bed, 1 Bath): Generating a monthly income of 1,695.Unit 2 (2 Bed, 1 Bath): Generating a monthly rental income of $2,695.Unit 3 (2 Bed, 1 Bath plus a den converted into a bedroom): Generating a monthly income of $3,495.Unit 4 (2 Bed, 1 Bath plus a den converted into a bedroom): This unit generates a monthly income of $2,970. This property is upgraded with all-new plumbing and electrical fixtures. You won't have to worry about old pipes or wiring issues it's all fresh and ready to go! Also the property has received a fresh look with a newly repainted exterior, including the parking lot, in August 2023. Plus, all vinyl fences on the premises are brand new.The middle and back units have recently received a brand-new roof, providing added durability and peace of mind. The owner has committed to taking care of the front unit's roof for the buyer, showcasing a commitment to property maintenance. Each unit is designed to be light and bright, creating a welcoming and comfortable living environment for tenants.The property is equipped with tankless water system, all-new appliances. With a mix of unit sizes and rental incomes, this property presents a great investment opportunity for those looking to expand their real estate portfolio.Don't miss out on this incredible opportunity to own a multi-family home with a blend of versatility, modern amenities, and strong rental potential! Contact me today to schedule a viewing.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 11,800 |
| Net Operating Income: | $ 105,896 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | PSR1 |
| Land Lease Type: | Fee |
Interior
| Laundry: | Inside |
Exterior
| Pool: | No |
Detailed Map
Schools
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Income
