1135-1139 N Summit Ave
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1135-1139 N Summit Ave
2 Unit Block of Flats £1,174,167 (£587,083/Unit) 5.09% Net Initial Yield Pasadena, CA 91103
Executive Summary
Beautifully renovated 2 houses on a lot with one car garage and additional on-site parking; potential to add ADU. Corner lot; houses sit side by side with frontage along Summit Ave and allow for completely independent living and privacy for both homes. Currently fully occupied. Corner building (1135 N. Summit) is a large one bedroom, loft work/live space with two onsite parking spaces in the rear. 1139 N. Summit is a beautiful California bungalow with 2 bedrooms and one bath and large deck in rear with a one car detached garage. Both buildings separately metered. Currently a 5.09 cap, with the addition of an ADU, the cap jumps to 6.28. Please see pro-forma attached.
Property Facts
| Price | £1,174,167 | Building Class | C |
| Price Per Unit | £587,083 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,100 SF |
| Net Initial Yield | 5.09% | Number of Floors | 1 |
| No. Units | 2 | Year Built/Renovated | 1912/2024 |
| Property Type | Residential | Parking Ratio | 2.38/1,000 SF |
| Property Subtype | Apartment |
| Price | £1,174,167 |
| Price Per Unit | £587,083 |
| Sale Type | Investment |
| Net Initial Yield | 5.09% |
| No. Units | 2 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,100 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1912/2024 |
| Parking Ratio | 2.38/1,000 SF |
Unit Amenities
- Air Conditioning
- Storage Space
Site Amenities
- Courtyard
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 1,490 |
| 1+1 | 1 | - | 1,230 |
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Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (80)
zoning
| Zoning Code | RM-12 (Multi-Family Residential – Two Units Per Lot, Low-Medium Density Residential. Potential to add ADU.) |
| RM-12 (Multi-Family Residential – Two Units Per Lot, Low-Medium Density Residential. Potential to add ADU.) |
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Presented by
The Avi-Ross Group, LLC
1135-1139 N Summit Ave
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