Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
940 North Summit Avenue . North Central , CA 91103
For sale 3-unit property located at 940 N Summit Avenue in Pasadena, California. For more information, please contact the listing agent, Edward Chao 818-212-2763 Edward.Chao@marcusmillichap.com
Posted: 05/21/2020 5:54 pm
| On HOMEiZ: 1444 days |
Updated: 3 years ago
| Views: 899
Location Map
Property Type
Sold
Property Price
$1225000
$1225000
05/21/2020
10,018.00
Sq. Ft.
$671
1826
Contact listing agent%
4.90%
$0
$60025
15.71
0.755%
$9249
Property Location & Description
For sale 3-unit property located at 940 N Summit Avenue in Pasadena, California. For more information, please contact the listing agent, Edward Chao 818-212-2763 Edward.Chao@marcusmillichap.com
Rent Control
The offering sits on a huge 10,017 SF lot with 1,826 SF of building area and is comprised of a great mix of all 2-bed/1-bath units. The property has been meticulously rehabbed throughout with a brand new roof, new landscaping, drip system, new a/c and heating, new kitchens, cabinets, stainless steel appliances, flooring, windows & doors, bathrooms, showers, etc. The property will be delivered with 2 vacant units that are completely rent ready allowing an investor to either owner-occupy or rent to tenants of their choosing at market rents. Since the property has less than 5 units, an investor can lock in a 30-year fixed-rate residential loan with today's very low interest rates (even more favorable if one chooses to owner occupy).
Located at 940 N Summit Avenue in Pasadena, California.
3
$408333
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
2+1
3
2.
3.
4.
5.
100%
Wood & Stucco
2
1963/2019
Good
Property Information
Sewer
Sewer System (Public)
Parking
Off-street
On-street
Assigned Parking
3
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
More information
19-524372
Listing Presented by
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