CA > Pasadena
Pasadena, CA 91103,1135-1139 N Summit Ave
Pasadena, CA 91103,1135-1139 N Summit Ave
Pasadena, CA 91103,1135-1139 N Summit Ave
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Willlie & Laurelle Wilson

Willlie & Laurelle Wilson

+1(760) 889-2800
$1,399,000
Est. payment /mo
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Sat Mar 22, 12:00pm - 3:00pm

Sun Mar 23, 11:00am - 2:00pm

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,020 sqft

Price per Sqft $1,371

MLS Listing ID 250021642

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1912

Lot Size 7,451 Sqft

Lot Dimensions 98x76

Property Sub-Type Res Income 2-4 Units

Property Description

Two beautifully restored homes sit side by side on a generous 7,451 sq. ft. corner lot, offering both space and versatility. Zoned RM-12 (Multi-Family Residential – Two Units Per Lot), this property allows for the development of a third-unit ADU, further enhancing its investment potential. The 1912 California Craftsman features two bedrooms, one bathroom, a private yard, a driveway, and a detached garage. Next to it, the 1912 Modern Farmhouse offers one bedroom, one bathroom, an open floor plan, and drought-resistant desert landscaping. Together, these properties generate an impressive annual income, equating to a strong cap rate and a standout return in today's competitive market. Beyond immediate cash flow, this property offers long-term value appreciation, blending timeless architectural appeal with solid financial performance. Located in Pasadena's sought-after Garfield Heights neighborhood, it is ideally positioned to attract tenants seeking charm, convenience, and access to one of Southern California's most desirable cities. Pasadena, nestled in the San Gabriel Valley just northeast of Los Angeles, is renowned for its historic charm, cultural landmarks, and vibrant neighborhoods. The city is home to iconic attractions such as the Rose Bowl Stadium and the annual Tournament of Roses Parade, seamlessly blending tradition with modern living. The California Craftsman house will be delivered vacant.
Architectural diversity ranges from Craftsman bungalows in Bungalow Heaven to grand estates in Linda Vista and San Rafael. Garfield Heights, with its tree-lined streets, preserved Craftsman homes, and strong community spirit, offers the perfect balance of suburban tranquility and urban accessibility. Paired with Pasadena's excellent schools, lively Old Town, and proximity to downtown Los Angeles, this property represents not only a desirable living experience but also an exceptional addition to any investment portfolio. Recent upgrades for 1135 N Summit Ave include a new mini-split HVAC system, a new roof, new plumbing with a tankless water heater, new electrical with a 100-amp panel, new appliances, cabinets, and plumbing finishes, a renovated kitchen, a renovated bathroom, and new flooring. Recent upgrades for 1139 N Summit Ave include a new central HVAC system, refinished original hardwood floors, restored original cabinets and windows with original hardware throughout, a new backyard deck, double French doors in the kitchen and primary bedroom opening to the backyard, unique original light fixtures, updated electrical with a new 100-amp panel, updated plumbing with cast iron piping replacement, new tile in the kitchen and bath, and new appliances.

Location

State CA

County Los Angeles

Area Pasadena (91103)

Building/Complex Name Garfield Heights

Zoning RM-12

Interior

Heating Electric, Natural Gas, Other/Remarks

Cooling Central Forced Air, Other/Remarks

Appliance Forced Air Unit, Other/Remarks

Exterior

Exterior Feature Wood

Parking Features Unit1:N/K Unit2:Detached

Garage Spaces 1.0

Fence Full

Roof Type Composition

Building

Lot Description Corner Lot, Sidewalks, Street Paved

Story 1

Lot Size Range 4000-7499 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional

Space Rent $4,000

Listing Terms Cash, Conventional

Pets Allowed Yes

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San Diego Regional MLS (SDMLS)
Listed by Paul Ragnvaldsson • Coldwell Banker Realty

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agent

Willlie & Laurelle Wilson

+1(760) 889-2800

Broker | CA BRE #017481127

Broker CA BRE #017481127

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