Bought with Gary Tolfa • Triqor Group
$3,800,000
$3,850,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
839 N Summit Avenue Pasadena, CA 91103
8,902 SqFt
Key Details
Sold Price $3,800,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 8,902 sqft
Price per Sqft $426
MLS Listing ID CRPW22006892
Sold Date 06/02/22
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1989
Lot Size 0.344 Acres
Property Description
Presenting the opportunity to acquire Summit Apartments, an excellent value-add apartment building situated in the Villa Parke community of Pasadena. The property offers a mix of one and two-bedroom units with amenities such as new laminate wood flooring and balconies. The apartment building is a gated community and features a laundry room, covered parking, and copper plumbing. This property offers an investor the opportunity to acquire a 1989 constructed asset with approximately 20% upside in rents, a current cap rate of 4.2%, and a market cap rate of 5.7%.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Other
Water Public
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