Property Details
About this Property
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.
MLS Listing Information
MLS #
CRAR25052991
MLS Source
California Regional MLS
Days on Site
18
Interior Features
Laundry
None
Heating
Central Forced Air
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Madison Elementary School | public | K-5 | 0.43 mi | |
| Washington Accelerated Elementary School | public | K-5 | 0.82 mi | |
| Octavia E. Butler Magnet School | public | 6-8 | 0.84 mi | |
| Roosevelt Elementary School | public | K-5 | 0.90 mi | N/A |
| Cleveland Elementary School | public | K-5 | 1.10 mi | N/A |
| Longfellow (Henry W.) Elementary School | public | K-5 | 1.22 mi | |
| John Muir High School | public | 9-12 | 1.45 mi | |
| McKinley School | public | K-8 | 1.56 mi | |
| Twilight Adult | public | UG | 1.60 mi | N/A |
| Rose City High (Continuation) School | public | 9-12 | 1.62 mi | |
| Twentieth Street Elementary School | public | K-5 | 1.62 mi | |
| Jefferson Elementary School | public | K-5 | 1.68 mi | N/A |
| Eliot Arts Magnet | public | 6-8 | 1.84 mi | |
| Altadena Elementary School | public | K-5 | 1.86 mi | |
| Jackson Elementary School | public | K-5 | 1.90 mi | |
| Marshall Fundamental School | public | 6-12 | 2.04 mi | |
| San Rafael Elementary School | public | K-5 | 2.19 mi | |
| Blair High School | public | 6-12 | 2.34 mi | |
| Daniel Webster | public | K-5 | 2.39 mi | |
| Hamilton Elementary School | public | K-5 | 2.62 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
842 N Summit Ave is a Residential Income in Pasadena, CA 91103. This – square foot property sits on a 10,009 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,125,000 and was built in 1950. This address can also be written as 842 N Summit Ave, Pasadena, CA 91103.
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This listing information is up-to-date as of March 11, 2025. For the most current information, please contact Robert Ip
