842 N Summit Avenue, Pasadena, CA 91103 - Berkshire Hathaway HomeServices California Properties

842 N Summit Avenue, Pasadena, CA 91103

$999,999 Approx. USD 0 beds, 0 baths

Listing Agent


Robert Ip | robert.ip@cbcnrt.com
Lic#: 01876261
Broker: Courtesy of Coldwell Banker Realty Pasadena

Agent Remarks

PRICE REDUCTION OF $125,000. This five-unit multi-family property offers a rare investment opportunity in one of Pasadena’s most desirable neighborhoods. Built in 1950, the property features six bedrooms and six bathrooms across 2,894 square feet of living space on a spacious 10,000- square-foot lot. With an annual gross rental revenue of approximately $80,000 and a net yearly income of around $50,000, this asset delivers strong cash flow. It has ample parking with approximately 9 private parking spaces and AC in each unit, enhancing tenant appeal. Investors may choose to maintain the property as a turnkey income generator or explore potential value-add improvements to further enhance rental income. Ideally located near Old Town Pasadena, the Rose Bowl, and key amenities, this property is perfect for 1031 exchange buyers, investors, or those looking to expand their rental portfolio.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# AR25052991
List price is $999,999 Reduced by $125,001 on 4/8/2025
Price: $999,999
Beds: 0
Baths: 0
Built in 1950
1 story
0.23 acres
Lot size: 0.2298
County: Los Angeles
Zoning: PSR1
Lot description: TwoToFiveUnitsAcre
Heating description: Central
MLS area: 645 - Pasadena (NW)

Last Updated: 7/4/2025

 Days On Market (DOM): 126

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This listing belongs to the 645 - Pasadena (NW) MLS area

Lat/Long: 34.160372, -118.147145.
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Source: CRM. Also Available in AR25052991,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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