Listing provided courtesy of Sam Shakerchi of Compass. Last updated 2025-04-30 08:14:14.000000. Listing information © 2024 CLAW.
Asking Price: $1,926,000
965 Summit, Pasadena CA 91103
Community: 645 - Pasadena (NW)
This property was built in 1958 and is priced at $1,926,000. Please see the additional details below.
JUST REDUCED by $224,000! Looking for an investment with exceptional growth potential? This 6-unit apartment building in sought-after Pasadena offers an incredible opportunity to enhance your returns. Located in a prime area with a robust rental market, the property features under-market rents, providing approximately 30% upside potential. With light renovations, you can increase rents and boost property value. Additionally, the property allows for the addition of three ADUstwo detached and one partially attached to an existing structureoffering even more income potential. Pasadena's strong job market ensures a reliable tenant base, while the CAP rate will vary depending on the final property tax assessment. Don't miss this chance to invest in a high-demand location with room for significant value growth.