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541 N Summit AVE Pasadena, CA 91103
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Key Details
Sold Price $1,249,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-105
MLS Listing ID 320002251
Sold Date 10/19/20
HOA Y/N No
Year Built 1965
Lot Size 6,978 Sqft
Property Description
Offered for sale is this great Residential Income property in a desirable Pasadena neighborhood. The property features an ideal mix of four identical large 2 bed and 1 bath units + den (used as 3rd bedroom) that are 100% occupied with long term tenants. Each unit measures approximately 925 sqft with their own laundry hookups and are individually metered (gas and electricity). Tenants have not been affected by the current pandemic and are in good standing with rents paid up to date. Property offers two separate common areas and a carport for four cars. Property has great rental upside with a potential of providing an attractive cap of over 5% and GRM of 14.5! Copy and paste the URL Virtual tour and floor plan - (https://my.matterport.com/show/?m=53n8XZ3vvsp&mls=1)
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Zoning PSR1
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Gas Cooking
Laundry Gas Dryer Hookup
Exterior
Parking Features Detached Carport
View Y/N No
Private Pool No
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Tax ID 5725007002
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Jose Marin • Marin Realty Group