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
Baths1.0 Sq 8,902

Monthly Estimate*

$ 27,270

Listed by Wind Water, Inc
839 N Summit Avenue, Pasadena, CA 91103 - Image 1
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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.

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Multi-Family Active

Price

$ 4,429,000

Bedrooms

Studio

Full Bath

1

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

391

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 false
Property Type Residential Income
HOA false
Garage Y/N false
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 false
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 true
Land Lease Y/N false
Current Financing Conventional
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
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
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Interior
Interior Amenities Balcony
Flooring Laminate
Fireplace Features None
Total Stories 1
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area Inside Laundry Room
Entry Level 1
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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 false
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 0
Number of Separate Electric Meters 14
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* Excluded Features
List By
Wind Water, Inc

Broker

jnoel@windwater.com

Email

Affordability Calculator

$27,270
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Monthly Principal & Interest
$27,270
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Default based on a 30-year fixed rate of 6.25% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/27/2026$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