Homes for sale - 926 Summit, Pasadena, CA 91103

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24249404

Year Built 1896

Lot Size 10,014 Sqft

Property Description

Located in the vibrant heart of Pasadena, this property bene?ts from the city’s rich cultural heritage, stunning architecture, and thriving arts scene. The area is known for its diverse community, world-class museums, and commitment to sustainability, making it an attractive destination for residents and visitors alike.
This historic building, originally constructed in 1896, has undergone extensive renovations, completed this year. Upgrades include all new plumbing, enhanced electrical systems, freshly painted exteriors, new vinyl fencing, and new roofs throughout. These improvements ensure a modern living experience while preserving the property’s unique charm.
The property features four well-designed units:
1 x 1 Bedroom, 1 Bathroom
1 x 2 Bedroom, 1 Bathroom
2 x 3 Bedroom, 1 Bathroom
This diverse unit mix cater s to a variety of tenants, from singles and couples to families, enhancing rental demand and potential cash ?ow.
Situated on a large 10,014 SF lot, the property offers signi?cant development potential. The buyer has the opportunity to build an additional four 1 Bedroom, 1 Bathroom units, expanding the total square footage by approximately 1,600 SF. This potential for expansion presents an attractive avenue for increased revenue and long-term investment growth.
Pasadena's location near Los Angeles, combined with its desirable amenities, supports a robust rental market. The area attracts a steady in?ux of residents seeking quality housing in a vibrant community, positioning this investment for strong occupancy rates and rental income.
This property represents a unique opportunity to invest in a newly rehabbed multifamily building in a sought-after area of Pasadena. With its combination of historic charm, modern amenities, and potential for expansion, this asset is poised for signi?cant appreciation and ongoing cash ?ow.
Don’t miss your chance to acquire this exceptional property in one of Southern California’s most desirable cities!

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Zoning PSR1

Rooms

Other Rooms Shed(s)

Interior

Heating Central

Cooling Central Air

Laundry Inside

Exterior

Parking Features Assigned,Asphalt,Off Site,Off Street

Fence Vinyl

Pool None

Community Features Curbs,Street Lights,Sidewalks

Utilities Available Cable Available,Phone Available

Roof Type Composition,Shingle

Building

Lot Description Garden,Rectangular Lot

Story 2

Foundation Raised

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan,1031 Exchange

Listing Terms Cash to New Loan,1031 Exchange

Special Listing Condition Standard