Courtesy of: Sam Shakerchi, Compass, samshakerchi@gmail.com
Courtesy of: Sam Shakerchi, Compass, samshakerchi@gmail.com
$1,595,000
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9 bed
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Lot: 0.28 Acres
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Other
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$1,595,000
965 N Summit Ave REDUCED by $104, 000! 6 Units for sale in Prime Pasadena. One of the 2+1's units is vacant. Two Buildings consisting of 3 units per building. Both buildings sit on a large 12, 008 SF lot. Excellent value-add multifamily opportunity that features (6) total units: Three 2bed +1 bath, three 1bed +1 bath units and there is room to build 3+ ADUs (buyer to verify). Rents are currently on the lower side so there's about 30% upside to be had and one of the 2+1's will be delivered vacant at COE. Located in a strong rental area near transit, amenities, & the 210 freeway. A great option for investors seeking income, development potential, or a 1031 exchange opportunity. Projected GRM after Value-Add is a very low 9.
Courtesy of: Sam Shakerchi, Compass, samshakerchi@gmail.com
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