965 North Summit Avenue

Pasadena CA 91103

4275 sq. ft.

12008 sq. ft.

Other

Last sold for $1,512,000

Sam Shakerchi, last sold this property on 31 December 2025 after 383 days on market.

Overview

REDUCED and ready to sell! 6 Units for sale in Prime Pasadena. One of the 2+1's units is vacant. Two Buildings consisting of 3 units per building. Both buildings sit on a large 12,008 SF lot. Excellent value-add multifamily opportunity that features (6) total units: Three 2bed +1 bath, three 1bed +1 bath units and there is room to build 3+ ADUs (buyer to verify). Rents are currently on the lower side so there's about 30% upside to be had and one of the 2+1's will be delivered vacant at COE. Located in a strong rental area near transit, amenities, & the 210 freeway. A great option for investors seeking income, development potential, or a 1031 exchange opportunity. Projected GRM after Value-Add is a very low 9.

Features

9 bedrooms

6 bathrooms

12 carspaces

4275 sq. ft. floor area

12008 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 9 bedroom other properties sold in Pasadena over the last 12 months.

Property history for 965 North Summit Avenue

2025

Sold

$1,512,000

31 Dec 2025 by Sam Shakerchi, of Compass

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