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922 N Summit Avenue

Pasadena, CA 91103
  • $2,295,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: GD24015743
UPDATED: 93 min ago
$2,295,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1896
County:

School Ratings & Info

Listing Agent(s): Miganoush Barfian Namagerdi of Coldwell Banker Hallmark (818-476-3000)


Description

Welcome to this exceptional multi-family home in the highly desirable neighborhood of Pasadena! This property boasts a total of 7 bedrooms and 4 bathrooms spread across 4 units, making it a fantastic investment opportunity. 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 $2,695.Unit 2 (1 Bed, 1 Bath): Generating a monthly rental income of $1,695.Unit 3 (3 Bed, 1 Bath): Generating a monthly income of $3,495.Unit 4 (2 Bed, 1 Bath): 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T23:30:51.287. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/146972974
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922 N Summit Avenue Pasadena, CA 91103

  • Price: $2,295,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 93 min ago
  • ID#: GD24015743
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1896
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
Welcome to this exceptional multi-family home in the highly desirable neighborhood of Pasadena! This property boasts a total of 7 bedrooms and 4 bathrooms spread across 4 units, making it a fantastic investment opportunity. 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 $2,695.Unit 2 (1 Bed, 1 Bath): Generating a monthly rental income of $1,695.Unit 3 (3 Bed, 1 Bath): Generating a monthly income of $3,495.Unit 4 (2 Bed, 1 Bath): 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.
Exterior Features

Entry Level 2 Entry Location main Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 3 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Electric Expense 4800 Garage YN No Gross Income 120720 Gross Scheduled Income 10860 Insurance Expense 2500 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFHA Net Operating Income 105896 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 11800 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 4500 Water Source Public Zoning PSR1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T23:30:51.287. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): Miganoush Barfian Namagerdi of Coldwell Banker Hallmark (818-476-3000)