922 N Summit Avenue Pasadena, CA $ 2,295,000
922 N Summit Avenue
$ 2,295,000
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922 N Summit Avenue

Pasadena, CA, 91103
$ 2,295,000
Bedrooms9 Baths4.0 Sq 4,211

Monthly Estimate*

$ 16,031

Listed by Coldwell Banker Hallmark
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Multi-Family Home for sale in Pasadena, CA

for $2,295,000 with 9 bedrooms and 4 full baths. This 4,211 square foot home was built in 1896 on a lot size of 0.2299.

Welcome to this exceptional multi-family home in the highly desirable neighborhood of Pasadena! This property boasts a total of 9 bedrooms and 4 bathrooms spread across 4 units, making it a fantastic investment opportunity.**Title is showing 7 bedroom, 4 bathroom!! Let's delve into the unique features and offerings of this property: Unit Breakdown:Unit 1 (1 Bed, 1 Bath): Generating a monthly income of 1,695.Unit 2 (2 Bed, 1 Bath): Generating a monthly rental income of $2,695.Unit 3 (2 Bed, 1 Bath plus a den converted into a bedroom): Generating a monthly income of $3,495.Unit 4 (2 Bed, 1 Bath plus a den converted into a bedroom): This unit generates a monthly income of $2,970. This property is upgraded with all-new plumbing and electrical fixtures. You won't have to worry about old pipes or wiring issues – it's all fresh and ready to go! Also the property has received a fresh look with a newly repainted exterior, including the parking lot, in August 2023. Plus, all vinyl fences on the premises are brand new.The middle and back units have recently received a brand-new roof, providing added durability and peace of mind. The owner has committed to taking care of the front unit's roof for the buyer, showcasing a commitment to property maintenance. Each unit is designed to be light and bright, creating a welcoming and comfortable living environment for tenants.The property is equipped with tankless water system, all-new appliances. With a mix of unit sizes and rental incomes, this property presents a great investment opportunity for those looking to expand their real estate portfolio.Don't miss out on this incredible opportunity to own a multi-family home with a blend of versatility, modern amenities, and strong rental potential! Contact me today to schedule a viewing.

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Multi-Family Active

Price

$ 2,295,000

Bedrooms

9

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.2299

Year Built

1896

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

GD24015743

Days on Market

94

Features
General
Sewer PublicSewer
Zoning PSR1
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1896
Property SubType Quadruplex
Gross Income 120720.0
Community Features Sidewalks
County Los Angeles
Net Operating Income 105896.0
Operating Expense 800.0
Insurance Expense 2500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions use google maps.
City Pasadena
Entry Location main
View Y/N N
Senior Community Y/N N
Total Units 4
MLS Area 699 - Not Defined
Lot Size Square Feet 10014.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Summit
Listing Terms Cash Conventional FHA
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 4800.0
Home Warranty Y/N N
Trash Expense 0.0
Water Sewer Expense 4500.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 79
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 12
Property Sub Type Additional Quadruplex
Expected Active Date 2024-01-26
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Exterior
Lot Features Item25UnitsAcre
Water Source Public
Total Parking 0.0
Lot Size Area 10014.0
Number of Buildings 3
Spa N
Building Area Total 4211.0
Lot Size Acres 0.2299
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 3
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features Inside
Entry Level 2
Electric On Property Y/N N
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Internal Only
Street Number 1 922
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* Excluded Features
List By
Coldwell Banker Hallmark

Broker

(818) 644-7565

Phone

Affordability Calculator

$16,031
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,031
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/26/2024$2,295,000 Listed Price

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922 N Summit Avenue, Pasadena, CA, 91103 is a Multi-Family Home for sale at $2,295,000 with 4,211 sqft and a lot size of 0.2299. 922 N Summit Avenue has 9 bedrooms, 4.0 baths, and was built in 1896. The property's zip code is 91103 which is in Pasadena, CA