839 North Summit Avenue
839 North Summit Avenue
$3,800,000
3
14
8,902
8,902
$427
Closed 6/2/22
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,...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%.
- Listed by Gary Tolfa • DRE #00955403 • Brokerage DRE #01921625 • Triqor Group
Property Details for 839 North Summit Avenue
Parking Spaces Total
23
Private PoolNo
Total Units14.0
Building TypeAttached
Lot Size SourceAssessor
Living Area8902
Assessor Parcel Number5725-011-017
Property Attached YNtrue
Location
LISTING UPDATED: 06/02/2022 05:35 AM
Property Details for 839 North Summit Avenue
Status | Closed |
---|---|
MLS # | PW22006892 |
Days on Market | 22 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1989 |
Lot Size | 0.34 AC / 14,992 SF |
County | Los Angeles County |
Location
Building Information for 839 North Summit Avenue
Stories1Residences-Year Built1989Building Size-Lot Size0.34 AC / 14,992 SF
Payment Calculator
$24,576 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 839 North Summit Avenue
Property History for 839 North Summit Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 839 North Summit Avenue
Taxable ValueLand$2,907,000Additions$976,610Total$3,883,610
Tax Record2023$46,058 ($3,838 / month)
Home Facts
Total Finished SqFt8,902 SqFtAbove Grade Finished SqFt8,902 SqFtStories1Lot Size14,992 SqFtStyleMulti-Family Res (5+ Units)Year Built1989ZoningPSR1CountyLOS ANGELESAPN5725-011-017
Schools near 839 North Summit Avenue
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Roosevelt Elementary School PublicK to 5 | ||
Octavia E. Butler Magnet School Public6 to 8 | ||
John Muir High School Public9 to 12 | ||
Odyssey Charter School - South CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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