842 N Summit Avenue, Pasadena, CA 91103

Local realty services provided by:ERA North Orange County Real Estate
#1#2#3
842 N Summit Avenue,Pasadena, CA 91103
$999,999
  • - Beds
  • - Baths
  • 2,894 sq. ft.
  • Multi-family
  • Pending
Listed by:robert ip
Office:coldwell banker realty pasadena
MLS#:AR25052991
Source:CRMLS

Price summary

  • Price:$999,999
  • Price per sq. ft.:$345.54

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1950
  • Listing Id #:AR25052991
  • Added:160 day(s) ago
  • Updated:August 18, 2025 at 07:47 AM

Rooms and interior

  • Living area:2,894 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:1950
  • Building area:2,894 sq. ft.
  • Lot area:0.23 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$999,999
  • Price per sq. ft.:$345.54
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). ERA North Orange County Real Estate is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA North Orange County Real Estate, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 842 N Summit Avenue