CA > Pasadena
Pasadena, CA 91103,842 N Summit Avenue
Garrick Yan
Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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Listed by Robert Ip • Coldwell Banker Realty Pasadena
Bought with Mike Kobeissi • Kobeissi Properties

$ 850,000

Est. payment /mo
Sold on 09/12/2025

842 N Summit Avenue Pasadena, CA 91103

2,894 SqFt

UPDATED:

Key Details

Sold Price $850,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 2,894 sqft

Price per Sqft $293

MLS Listing ID CRAR25052991

Year Built 1950

Lot Size 10,009 Sqft

Property Sub-Type Other

Property Description

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.

Location

State CA

County Los Angeles

Interior

Heating Other

Laundry No Hookups

Bay East Association of Realtors
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Garrick Yan

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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