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Listed by Jeremy Noel • Wind Water, Inc
$4,429,000
Est. payment /mo
8,902 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,902 sqft
Price per Sqft $497
MLS Listing ID CROC25017098
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1989
Lot Size 0.344 Acres
Property Sub-Type Other
Property Description
Introducing an exceptional opportunity to acquire Summit Apartments, a value-add property located in the desirable Villa Parke community of Pasadena. 5 units ready for immediate move in including 3 units fully remodeled and 9 units with long term tenants. This apartment building offers a combination of one- and two-bedroom units, featuring amenities such as new laminate wood flooring and private balconies. The property is situated in a gated community and includes a laundry room, covered parking, and copper plumbing. Built in 1989, this asset presents significant potential for rental income growth. The building includes 9 units with long-term, well-established tenants and 5 vacant units, each 1-bedroom, 1-bath. 3 of these vacant units have been fully renovated, boasting new floors, fresh paint, updated kitchens, and modern bathrooms allowing the new owner the flexibility to choose and put their own tenants in place right away.
Location
State CA
County Los Angeles
Interior
Heating Electric
Cooling None
Flooring Laminate
Fireplace No
Laundry Community Facility, Laundry Room, Other, Inside
Exterior
Handicap Access Other
Building
Water Public
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