965 N Summit Ave 6 Unit Block of Flats £1,472,139 (£245,357/Unit) Pasadena, CA 91103
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity - Currently under-market rents allow for about 30% upside.
- Upside Potential: Currently under-market rents allow for about 30% upside.
- All units have washer hookups.
- Room for Expansion: Add 3 ADU’s for extra income. 2 detached and the 3rd with 25% of it attached to an existing structure/wal
- Prime Location: Located in sought-after Pasadena, known for its strong rental market.
- Price Just Reduced by $224,000!
EXECUTIVE SUMMARY
Looking for an investment with room to grow? This 6-unit apartment building in Pasadena offers incredible value-add potential and room to boost your returns.
Just reduced by $224,000!
Prime Location: Located in sought-after Pasadena, known for its strong rental market.
Very LOW Price Per Unit: $321,000
Value-Add Opportunity: Light renovations can increase rents and boost property value.
Upside Potential: Currently under-market rents allow for about 30% upside.
Room for Expansion: Add 3 ADU’s for extra income. 2 detached and the 3rd with 25% of it attached to an existing structure/wall.
Steady Demand: Pasadena's strong job market ensures a reliable tenant base.
CAP Rate will vary based on the property taxes of the final price.
Don’t miss this chance to invest in a high-demand area with significant upside potential.
Just reduced by $224,000!
Prime Location: Located in sought-after Pasadena, known for its strong rental market.
Very LOW Price Per Unit: $321,000
Value-Add Opportunity: Light renovations can increase rents and boost property value.
Upside Potential: Currently under-market rents allow for about 30% upside.
Room for Expansion: Add 3 ADU’s for extra income. 2 detached and the 3rd with 25% of it attached to an existing structure/wall.
Steady Demand: Pasadena's strong job market ensures a reliable tenant base.
CAP Rate will vary based on the property taxes of the final price.
Don’t miss this chance to invest in a high-demand area with significant upside potential.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
SITE AMENITIES
- Laundry Facilities
- Gas Hob
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 3 | - | - |
1 of 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (86)
ZONING
| Zoning Code | R37200, Pasadena - PSR1 (Research shows that at least Three (3) ADU's can be built on site.) |
