Residential income in the highly desirable area of Pasadena. 2 separate structures. Property will be leased back by the owner for $10,000.00 per month Triple net. Tenant will execute a new five year lease with annual rent adjustments. Owner operates a program for teenagers and their families. The program is after school only and not overnight. Owner operates six additional facilities and is wanting to expand. Name of the program is Insight treatment.
Welcome to 1798 N Summit Ave in Pasadena, CA! This property is a duplex, offering a unique opportunity for homeowners, investors, or anyone that is looking to add to their portfolio. With a spacious living area of 2286 square feet, this property provides comfortable living spaces for its residents. Situated on a generous 15,000 square foot lot, this duplex offers ample outdoor space, providing opportunities for potential expansions and developments. The large lot size offers additional privacy and room to customize the property to suit your needs. Each unit in this duplex features its own separate entrance, ensuring privacy and convenience for both residents. The well-designed floor plan includes one 3 bedroom/ 1 bath and one 4 bedroom/ 2 bath unit. The property is conveniently located near the 210, with easy access to nearby amenities such as shopping centers, restaurants, and parks. Its proximity to major transportation routes allows for a quick commute to downtown Pasadena and other neighboring areas. With its desirable duplex configuration, spacious living area, and a generous lot size, 1798 N Summit Ave presents a fantastic opportunity to own in a desirable area. Don't miss out on the chance to make this property your own!
Perfect investment opportunity in high-demand rental area with excellent unit mix, upside potentials and no rent control. Renovated kitchens, baths, flooring and more, laundry inside each unit. Conveniently located within close proximity to Rose Bowl, Huntington Library, Altadena Town & Country Club, hiking trails, golf courses and parks. Section 8 tenants in #1733 and #1735. Tenant in #1731 stopped paying rent since December 2021.
Pasadena is located in California. Pasadena, California has a population of 138,771. Pasadena is less family-centric than the surrounding county with 29.61% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Pasadena, California is $89,661. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Pasadena is 39.1 years.
The average high temperature in July is 87.5 degrees, with an average low temperature in January of 45.1 degrees. The average rainfall is approximately 21.4 inches per year, with 0 inches of snow per year.