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Pasadena, CA 91103,541 N Summit AVE
Pasadena, CA 91103,541 N Summit AVE
Pasadena, CA 91103,541 N Summit AVE
$1,249,000
Est. payment /mo
$1,249,000
Est.Price: ?

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6,978 Sqft Lot
SOLD DATE : 10/19/2020

Key Details

Sold Price $1,249,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Not Applicable-105

MLS Listing ID 320002251

Year Built 1965

Lot Size 6,978 Sqft

Property Description

Offered for sale is this great Residential Income property in a desirable Pasadena neighborhood. The property features an ideal mix of four identical large 2 bed and 1 bath units + den (used as 3rd bedroom) that are 100% occupied with long term tenants. Each unit measures approximately 925 sqft with their own laundry hookups and are individually metered (gas and electricity). Tenants have not been affected by the current pandemic and are in good standing with rents paid up to date. Property offers two separate common areas and a carport for four cars. Property has great rental upside with a potential of providing an attractive cap of over 5% and GRM of 14.5! Copy and paste the URL Virtual tour and floor plan - (https://my.matterport.com/show/?m=53n8XZ3vvsp&mls=1)

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Zoning PSR1

Interior

Cooling Wall/Window Unit(s)

Laundry Gas Dryer Hookup

Exterior

Parking Features Detached Carport

View Y/N No

Building

Story 2

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Artin Babayan • National Properties
Bought with Jose Marin • Marin Realty Group
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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