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965 N Summit is 6 Units for sale in Prime Pasadena. There are 2 Buildings consisting of 3 units per building. Both of those buildings sit on a very large 12,008 SF lot. Excellent value-add multifamily opportunity that features (6) total units: (3) 2 bed / 1 bath, (3) 1 bed / 1 bath and there is room to build 3+ ADUs (buyer to verify). Rents are currently on the lower side so there's about 20 - 30% upside to be had. Located in a strong rental area near transit, amenities, and the 210 freeway. A great option for investors seeking income, development potential, or a 1031 exchange opportunity. Projected GRM after Value-Add is a very low 9...Add units. Raise rents. Build equity.
Property Type(s):
Residential Income
| Last Updated | 5/30/2025 | Year Built | 1958 |
|---|---|---|---|
| Community | 645 - Pasadena (NW) | County | Los Angeles |
Additional Details
| APPLIANCES | Refrigerator |
|---|---|
| AREA | 645 - Pasadena (NW) |
| LOT | 0.2757 acre(s) |
| PARKING | Carport |
| STORIES | 1 |
Location
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Listed with Compass
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