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1135 1139 N Summit Ave Pasadena, CA 91103
OPEN HOUSE
Sat Mar 22, 12:00pm - 3:00pm
Sun Mar 23, 11:00am - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250021642SD
HOA Y/N No
Year Built 1912
Lot Size 7,453 Sqft
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
Building/Complex Name Garfield Heights
Zoning RM-12
Interior
Heating Electric, Forced Air, Natural Gas, See Remarks
Cooling Central Air, See Remarks
Fireplace No
Appliance Gas Water Heater, Tankless Water Heater
Exterior
View Y/N No
Roof Type Composition
Building
Lot Description Sprinkler System
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5728002015
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Paul Ragnvaldsson • Coldwell Banker Realty