965 N Summit Ave
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965 N Summit Ave
6 Unit Apartment Building $3,047,560 CAD ($507,927 CAD/Unit) Pasadena, CA 91103
Investment Highlights
- Value-Add Opportunity - Currently under-market rents allow for about 30% upside.
- Upside Potential: Currently under-market rents allow for about 30% upside.
- All units have washer hookups.
- Room for Expansion: Add 3 ADU’s for extra income. 2 detached and the 3rd with 25% of it attached to an existing structure/wal
- Prime Location: Located in sought-after Pasadena, known for its strong rental market.
Executive Summary
Looking for an investment with room to grow? This 6-unit apartment building in Pasadena offers incredible value-add potential and room to boost your returns.
Prime Location: Located in sought-after Pasadena, known for its strong rental market.
Value-Add Opportunity: Light renovations can increase rents and boost property value.
Upside Potential: Currently under-market rents allow for about 30% upside.
Room for Expansion: Add 3 ADU’s for extra income. 2 detached and the 3rd with 25% of it attached to an existing structure/wall.
Steady Demand: Pasadena's strong job market ensures a reliable tenant base.
CAP Rate will vary based on the property taxes of the final price.
Don’t miss this chance to invest in a high-demand area with significant upside potential.
Prime Location: Located in sought-after Pasadena, known for its strong rental market.
Value-Add Opportunity: Light renovations can increase rents and boost property value.
Upside Potential: Currently under-market rents allow for about 30% upside.
Room for Expansion: Add 3 ADU’s for extra income. 2 detached and the 3rd with 25% of it attached to an existing structure/wall.
Steady Demand: Pasadena's strong job market ensures a reliable tenant base.
CAP Rate will vary based on the property taxes of the final price.
Don’t miss this chance to invest in a high-demand area with significant upside potential.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Site Amenities
- Laundry Facilities
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 3 | - | - |
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Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (82)
zoning
| Zoning Code | R37200, Pasadena - PSR1 (Research shows that at least Three (3) ADU's can be built on site.) |
| R37200, Pasadena - PSR1 (Research shows that at least Three (3) ADU's can be built on site.) |
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Sam Shakerchi -
Shakerchi Real Estate
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965 N Summit Ave
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