839 N Summit Avenue Pasadena, CA ^$ 4,429,000

839 N Summit Avenue

^$ 4,429,000

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839 N Summit Avenue

Pasadena, CA, 91103

^$ 4,429,000

Studio Baths1.0 Sq 8,902

Monthly Estimate*

^$ 27,631

Listed by Wind Water, Inc

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Studio

Multi-Family Home for sale in Pasadena, CA

for $4,429,000 with 1 full bath. This 8,902 square foot home was built in 1989 on a lot size of 0.3442.

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.

Multi-Family Active

Price

^$ 4,429,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.3442

Year Built

1989

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

OC25017098

Days on Market

332

Features

General

Sewer Public Sewer

Heating Electric

Cooling None

Utilities Sewer Connected

Possession Close Of Escrow

Zoning PSR1

HOA Fee 0

Garage Spaces 0

Pool Features None

Year Built 1989

Electric Electricity - On Property

Tenant Pays All Utilities Electricity

Stories Count 2

Levels Two

Property Subtype Condominium

Gross Income 182952

Community Features Urban

Accessibility Parking

County Los Angeles

Net Operating Income 113400

Operating Expense 67800

Insurance Expense 0

New Construction 0

Property Type Residential Income

HOA 0

Garage Y/N 0

Special Listing Conditions Standard

Status Active

Directions 210 freeway to N Marengo left on painter right on Summit

City Pasadena

Entry Location 1

Senior Community Y/N 0

Number Of Units Total 14

MLS Area 645 - Pasadena (NW)

Lot Size Units Square Feet

Lot Size Square Feet 14992

Number of Units Leased 9

Listing Terms Cash Cash to New Loan Conventional 1031 Exchange

Property Attached Y/N 1

Land Lease Y/N 0

Current Financing Conventional

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N 0

Rent Control Y/N 1

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 54

Total Actual Rent 182952

Property Sub Type Additional Condominium

Cap Rate 4.6

Interior

Interior Amenities Balcony

Flooring Laminate

Fireplace Features None

Total Stories 1

Common Walls 2+ Common Walls

Air Conditioning Y/N 0

Heating Y/N 1

Fireplace Y/N 0

Laundry Features Common Area Inside Laundry Room

Entry Level 1

Exterior

Parking Features Covered Community Structure

Water Source Public

Total Parking 0

Lot Size Area 14992

Number of Buildings 1

Building Area Total 8902

Lot Size Acres 0.3442

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 0

Number of Separate Electric Meters 14

* Excluded Features

List By

Wind Water, Inc

Broker

jnoel@windwater.com

Affordability Calculator

$27,631

Per Month

Monthly Principal & Interest: $27,631
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Pasadena, CA

Average List Price ^$2,734,729

Percent of Sale Price 38%

About Pasadena, CA

141,450 Population

6% Since 2002

^$77,514 Median Income

39.52 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$4,429,000		Listed Price

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839 N Summit Avenue, Pasadena, CA, 91103 is a Multi-Family Home for sale at $4,429,000 with 8,902 sqft and a lot size of 0.3442. 839 N Summit Avenue is a studio with 1.0 baths and was built in 1989. The property's zip code is 91103 which is in Pasadena, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/25/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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839 N Summit Avenue

Multi-Family Home for sale in Pasadena, CA

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