842 North Summit Avenue 842 North Summit Avenue Pasadena, California 91103 United States

PRICE REDUCTION OF $125,000. This five-unit multi-family property offers a rare investment opportunity inone of Pasadenas most desirable neighborhoods. Built in 1950, theproperty features six bedrooms and six bathrooms across 2,894 squarefeet of living space on a spacious 10,000- square-foot lot.With an annual gross rental revenue of approximately $80,000 and a netyearly income of around $50,000, this asset delivers strong cash flow. Ithas ample parking with approximately 9 private parking spaces and AC ineach unit, enhancing tenant appeal. Investors may choose to maintain theproperty as a turnkey income generator or explore potential value-addimprovements to further enhance rental income.Ideally located near Old Town Pasadena, the Rose Bowl, and key amenities,this property is perfect for 1031 exchange buyers, investors, or thoselooking to expand their rental portfolio.

Listing Courtesy of Coldwell Banker Realty Pasadena, Email/Phone : 626-394-2527