Home | Los Angeles County | Pasadena | 91103 | 842 N Summit Ave
MLS: CRAR25052991 | Status: | Price: $850,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 10,009 | 1950 |
PRICE REDUCTION OF $125,000. This five-unit multi-family property offers a rare investment opportunity in one of Pasadena’s most desirable neighborhoods. Built in 1950, the property features six bedrooms and six bathrooms across 2,894 square feet of living space on a spacious 10,000- square-foot lot. With an annual gross rental revenue of approximately $80,000 and a net yearly income of around $50,000, this asset delivers strong cash flow. It has ample parking with approximately 9 private parking spaces and AC in each unit, enhancing tenant appeal. Investors may choose to maintain the property as a turnkey income generator or explore potential value-add improvements 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 those looking to expand their rental portfolio.
| Field | Value |
|---|---|
| MLS # | CRAR25052991 |
| MLS Source | California Regional MLS |
| Feature | Details |
|---|---|
| Laundry | None |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Robert Ip
Coldwell Banker Realty Pasadena
License #: 01876261
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Madison Elementary School | public | K-5 | 0.43 mi | 2 |
| Washington Accelerated Elementary School | public | K-5 | 0.82 mi | 5 |
| Octavia E. Butler Magnet School | public | 6-8 | 0.84 mi | 4 |
| Longfellow (Henry W.) Elementary School | public | K-5 | 1.22 mi | 4 |
| John Muir High School | public | 9-12 | 1.45 mi | 4 |
| McKinley School | public | K-8 | 1.56 mi | 2 |
| Twilight Adult | public | UG | 1.60 mi | N/A |
| Rose City High (Continuation) School | public | 9-12 | 1.62 mi | 3 |
| Twentieth Street Elementary School | public | K-5 | 1.62 mi | 5 |
| Eliot Arts Magnet | public | 6-8 | 1.84 mi | 2 |
| Altadena Elementary School | public | K-5 | 1.86 mi | 5 |
| Jackson Elementary School | public | K-5 | 1.90 mi | 5 |
| Thurgood Marshall Secondary School | public | 6-12 | 2.13 mi | 6 |
| San Rafael Elementary School | public | K-5 | 2.19 mi | 4 |
| Blair High School | public | 6-12 | 2.34 mi | 4 |
| Daniel Webster School | public | K-5 | 2.39 mi | 5 |
| Hamilton Elementary School | public | K-5 | 2.62 mi | 7 |
| Norma Coombs Elementary | public | K-5 | 2.82 mi | 6 |
| La Canada High School | public | 7-12 | 2.91 mi | 9 |
| Cis Academy | public | K-12 | 3.08 mi | 7 |
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This listing information is up-to-date as of September 12, 2025. For the most current information, please contact Robert Ip.