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839 N Summit AvenuePasadena, CA 91103Price: $3,900,000

  • Price: $3,900,000
  • Est. Mortgage of $/month
  • 60 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,900,000List Price
  • 0.34Acreage

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Listed by Gary Tolfa of Triqor Group
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, stainless sinks, and patios/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 3.8%, and a market cap rate of 5.3%.

Property Details of 839 N Summit Avenue

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 "Based on information submitted to CA_CRMLS as of October 21, 2021 1:54 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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