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839 N Summit Ave
Pasadena, CA 91103 Villa Parke

$4,429,000 USD

Apartments For Sale • 18,344 SF

Property Details

Property Type Apartments
Total Building Size 18,344 SF
Lot Size 0.34 AC
Building Class C
Year Built 1989
Cap Rate 4.60 %
Zoning RM32, Pasadena

52 Transit Score

84 Walk Score

                
                    Highlights
                
                                5 vacant units ready for immediate move in at market rate
                            
                                Potential for high value add over the years
                            
                                Each unit has a private balcony and covered parking

Financial Summary (Proforma)

Net Operating Income: $155,000 USD (2025)

Cap Rate:	4.60 %
Total Expenses:	$116,200 USD

Amenities

24 Hour Access
Air Conditioning
Balcony
Controlled Access
Tenant Controlled HVAC
Gated
Heating
Laundry Service
Kitchen
Hardwood Floors
Oven
Range
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	13 min	-	9.5 mi
Airport	Drive	Walk	Distance
Bob Hope	24 min	-	17.0 mi
Los Angeles International	41 min	-	25.5 mi
Long Beach (Daugherty Field)	43 min	-	27.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	23
Type:	Surface
Included in Rent:	Yes

Jeremy Noel 949-423-9800 Windwater

839 N Summit Ave Pasadena, CA 91103 Villa Parke