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940 N SUMMIT AVE Pasadena, CA 91103
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Key Details
Sold Price $1,225,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,826 sqft
Price per Sqft $670
MLS Listing ID 19-524372
Sold Date 05/21/20
Bedrooms 6
Year Built 1963
Lot Size 10,018 Sqft
Property Sub-Type Multi-Family
Property Description
We are proud to present the unique opportunity to own a turn-key 3-unit property located at 940 N Summit Avenue in Pasadena, California. The offering sits on a huge 10,017 SF lot with 1,826 SF of building area and is comprised of a great mix of all 2-bed/1-bath units.The property has been meticulously rehabbed throughout with a brand new roof, new landscaping, drip system, new a/c and heating, new kitchens, cabinets, stainless steel appliances, flooring, windows & doors, bathrooms, showers, etc.The property will be delivered with 2 vacant units that are completely rent ready allowing an investor to either owner-occupy or rent to tenants of their choosing at market rents. Since the property has less than 5 units, an investor can lock in a 30-year fixed-rate residential loan with today's very low interest rates (even more favorable if one chooses to owner occupy).
Location
State CA
County Los Angeles
Area Pasadena Nw
Zoning PSR1
Rooms
Other Rooms Other
Dining Room 0
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Other
Garage Spaces 3.0
Building
Story 1
Others
Special Listing Condition Standard
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Bought with Coldwell Banker Realty
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