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826 N Summit Avenue

Pasadena, CA 91103
  • $1,295,000
  • STATUS: Active
  • ON SITE: 75 Days
  • MLS #: CV23120313
UPDATED: 77 min ago
$1,295,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Listing Agent(s): Kristopher German of Re/Max 2000 Realty (626-956-0188)


Description

JUST REDUCED! We are pleased to exclusively offer for sale this multi-family investment property in the highly desirable community of Pasadena. The property consists of all single story construction, with a unit mix of 1(2Bed/1Bath) cottage style unit, and 4 remaining units situated in two duplex style buildings; 1(2Bed/1Bath) and 3(1Bed/1Bath)s. Tenants pay for their own electricity and gas while the owner pays for water and trash. The seller has been quite conservative with the rental increases leaving a new investor significant upside in the rental rates.*Note: While the city of Pasadena has a Certificate of Occupancy for 5 legal rental units, Los Angeles County shows the subject property as 4 units. All 5 units have their own mailing addresses and gas and electrical''''''''''' meters.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T07:41:09.35. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/141296145
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826 N Summit Avenue Pasadena, CA 91103

  • Price: $1,295,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 77 min ago
  • MLS #: CV23120313
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1956
Built
Neighborhood:
645 - Pasadena (NW)
County:
Los Angeles
Area:
645 - Pasadena (NW)
Property Description
JUST REDUCED! We are pleased to exclusively offer for sale this multi-family investment property in the highly desirable community of Pasadena. The property consists of all single story construction, with a unit mix of 1(2Bed/1Bath) cottage style unit, and 4 remaining units situated in two duplex style buildings; 1(2Bed/1Bath) and 3(1Bed/1Bath)s. Tenants pay for their own electricity and gas while the owner pays for water and trash. The seller has been quite conservative with the rental increases leaving a new investor significant upside in the rental rates.*Note: While the city of Pasadena has a Certificate of Occupancy for 5 legal rental units, Los Angeles County shows the subject property as 4 units. All 5 units have their own mailing addresses and gas and electrical''''''''''' meters.
Exterior Features

Carport Spaces 1 Carport YN Yes Entry Level 1 Entry Location 1 Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Open Parking Spaces 6 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features CurbsGutter(S)Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 87300 Gross Scheduled Income 87300 Insurance Expense 2500 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupGas Dryer HookupInside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 3750 Net Operating Income 58367 New Construction YN No New Taxes Expense 14112 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 26314 Other Expense 750 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 7275 Trash Expense 2466 Vacancy Allowance 2619 Water Sewer Expense 2736 Water Source Public Zoning Psr1



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T07:41:09.35. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Kristopher German of Re/Max 2000 Realty (626-956-0188)