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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.
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Listing Snapshot
Price
$4,429,000
Days On Site
195 Days
Bedrooms
N/A
Inside Area (SqFt)
8,902 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.3442 Acres
Year Built
1989
MLS® Number
OC25017098
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
6 months ago
Listing first seen on site
6 months ago
Listing updated with changes from the MLS®
General Features
Acres
0.3442
Number Of Stories
1
Parking
CoveredCommunity Structure
Property Sub Type
Condominium
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
8902
Stories
Two
Utilities
Sewer Connected
Water Source
Public
Zoning
PSR1
Interior Features
Fireplace Features
None
Flooring
Laminate
Heating
Electric
Laundry Features
Common AreaInsideLaundry Room
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Exterior Features
Exterior
Balcony
Pool Features
None
Community Features
Building Access
1
Financing Terms Available
CashConventional1031 Exchange
MLS Area
645 - Pasadena (NW)
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.