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839 N Summit Ave
For Sale $4,429,000
$4,429,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 14,992 Sq Ft
Description
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,429,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1989 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5725011017 |
| MLS # | OC25017098 |
| Property ID | 294576106 |
| Lot Sqft | 14,992 |
| Zoning | PSR1 |
| Total Units | 14 |
| Days on Market | 361 |
| Original List Price | $4,429,000 |
| Date Updated | September 23, 2025 |
| Date Created | January 27, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $182,952 | $0 |
| Net Income (Yr) | $ 113,400 |
| Cap Rate | 4.6% |
Listing Provided By
Jeremy Noel an agent of . Lic #01946342
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 23, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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- 30 mins
- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT