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.
Listed by Jeremy Noel
·
License #01946342
·
Wind Water, Inc
·
949-423-9800
Last updated September 23, 2025
·
Source: CRMLS #OC25017098
Listing Facts
TypeMulti-family
NeighborhoodVilla Parke
Days on Prevu280
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/28/2025
Status changed to Active
$4,429,000
10/22/2025
Status changed to Removed from Feed
$4,429,000
10/17/2025
Status changed to Active
$4,429,000
10/16/2025
Status changed to Removed from Feed
$4,429,000
10/04/2025
Status changed to Active
$4,429,000
10/03/2025
Status changed to Removed from Feed
$4,429,000
09/20/2025
Status changed to Active
$4,429,000
09/19/2025
Status changed to Removed from Feed
$4,429,000
09/18/2025
Status changed to Active
$4,429,000
09/16/2025
Status changed to Removed from Feed
$4,429,000
09/16/2025
Status changed to Active
$4,429,000
09/14/2025
Status changed to Removed from Feed
$4,429,000
09/13/2025
Status changed to Active
$4,429,000
09/12/2025
Status changed to Removed from Feed
$4,429,000
09/12/2025
Status changed to Active
$4,429,000
09/05/2025
Status changed to Removed from Feed
$4,429,000
09/04/2025
Status changed to Active
$4,429,000
09/03/2025
Status changed to Removed from Feed
$4,429,000
09/02/2025
Status changed to Active
$4,429,000
09/01/2025
Status changed to Removed from Feed
$4,429,000
08/31/2025
Status changed to Active
$4,429,000
08/28/2025
Status changed to Removed from Feed
$4,429,000
07/24/2025
Status changed to Active
$4,429,000
07/23/2025
Status changed to Removed from Feed
$4,429,000
06/28/2025
Status changed to Active
$4,429,000
06/27/2025
Status changed to Removed from Feed
$4,429,000
02/28/2025
Status changed to Active
$4,429,000
02/27/2025
Status changed to Removed from Feed
$4,429,000
02/12/2025
Listed by Wind Water, Inc
$4,429,000
Property Details for 839 N Summit Avenue
Association
Amenities
Community Features: Urban
Exterior
Construction
Number Of Units Total: 14
Property Attached: Yes
Stories: 2
Stories Total: 1
Year Built: 1989
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Measurements
Building Area Total: 8,902
Building Area Units: Square Feet
Lot Size Acres: 0.34
Lot Size Area: 14,992
Lot Size Source: Assessor
Lot Size Square Feet: 14,992
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 4.6
Gross Income: $182,952.00
Operating Expense: $67,800.00
Taxes
Parcel Number: 5725011017
Interior
Features
Flooring: Laminate
Interior Features: Balcony
Other
Features
Accessibility Features: Parking
Location
Tax Block: U
Tax Lot: 54
Parking
Parking
Parking Features: Covered, Community Structure
Utilities
Equipment
Electric: Electricity - On Property
Heating: Electric
Has Heating: Yes
Laundry Features: Common Area, Inside, Laundry Room
Sewer: Public Sewer
Utilities: Sewer Connected
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.