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Two beautifully restored homes sit side by side on a generous 7,451 sq. ft. corner lot, offering both space and versatility. Zoned RM-12 (Multi-Family Residential – Two Units Per Lot), this property allows for the development of a third-unit ADU, further enhancing its investment potential. The 1912 California Craftsman features two bedrooms, one bathroom, a private yard, a driveway, and a detached garage. Next to it, the 1912 Modern Farmhouse offers one bedroom, one bathroom, an open floor plan, and drought-resistant desert landscaping. Together, these properties generate an impressive annual income, equating to a strong cap rate and a standout return in today’s competitive market. Beyond immediate cash flow, this property offers long-term value appreciation, blending timeless architectural appeal with solid financial performance. Located in Pasadena’s sought-after Garfield Heights neighborhood, it is ideally positioned to attract tenants seeking charm, convenience, and access to one of Southern California’s most desirable cities. Pasadena, nestled in the San Gabriel Valley just northeast of Los Angeles, is renowned for its historic charm, cultural landmarks, and vibrant neighborhoods. The city is home to iconic attractions such as the Rose Bowl Stadium and the annual Tournament of Roses Parade, seamlessly blending tradition with modern living. The California Craftsman house will be delivered vacant. Architectural diversity ranges from Craftsman bungalows in Bungalow Heaven to grand estates in Linda Vista and San Rafael. Garfield Heights, with its tree-lined streets, preserved Craftsman homes, and strong community spirit, offers the perfect balance of suburban tranquility and urban accessibility. Paired with Pasadena’s excellent schools, lively Old Town, and proximity to downtown Los Angeles, this property represents not only a desirable living experience but also an exceptional addition to any investment portfolio. Recent upgrades for 1135 N Summit Ave include a new mini-split HVAC system, a new roof, new plumbing with a tankless water heater, new electrical with a 100-amp panel, new appliances, cabinets, and plumbing finishes, a renovated kitchen, a renovated bathroom, and new flooring. Recent upgrades for 1139 N Summit Ave include a new central HVAC system, refinished original hardwood floors, restored original cabinets and windows with original hardware throughout, a new backyard deck, double French doors in the kitchen and primary bedroom opening to the backyard, unique original light fixtures, updated electrical with a new 100-amp panel, updated plumbing with cast iron piping replacement, new tile in the kitchen and bath, and new appliances.
Property Type(s):
Residential Income
| Last Updated | 3/17/2025 | Year Built | 1912 |
|---|---|---|---|
| County | Los Angeles |
Additional Details
| AIR | Central Air, See Remarks |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater, Tankless Water Heater |
| HEAT | Electric, Forced Air, Natural Gas, See Remarks |
| HOA DUES | 0 |
| LOT | 7451 sq ft |
| LOT DESCRIPTION | Sprinkler System |
| LOT DIMENSIONS | 98x76 |
| STORIES | 1 |
| ZONING | RM-12 |
Location
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Listed with Coldwell Banker Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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