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940 N Summit Ave
Investment
Sold May 2020

940 N Summit Ave

Pasadena, CA · Pasadena

Sale Price

$1,225,000

4.90%

Cap Rate

About This Deal

Investment property in Pasadena sold for $1.23M (4.90% cap).

1031 Exchange|2 min read

3 Units | Pasadena | $671 Per SF

Considering selling? Get a complimentary, confidential valuation.

The LAAA Team of Marcus & Millichap is proud to announce the successful sale of this 3-unit property located at 940 N Summit Avenue in Pasadena, California. The offering sits on a huge 10,017 SF lot with 1,826 SF of building area and is comprised of a great mix of all 2-bed/1-bath units.

Through our superior marketing efforts we were able to source a niche buyer that acquires disabled housing who closed escrow at list price during the Coronavirus Pandemic.

According to the CoStar, this is the 3rd highest price per square feet sale in the history of Pasadena

For more information on this sale, to see more of our exclusive inventory, or to receive a complimentary pricing and 1031 exchange analysis, please give us a call today at 818-271-8006!

Closing

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