396 N Summit Avenue, Pasadena, California 91103, Pasadena, 91103 - 5 bed, 4 bath

396 N Summit Avenue, Pasadena, California 91103 home-pic-0
ACTIVE$1,348,000
396 N Summit Avenue, Pasadena, California 91103
5Beds
4Baths
2,292Sqft
11,445Lot

Price Vs. Estimate

The estimated value ($1,348,000) is $0 (0%) lower than the list price ($1,348,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential: The property features two houses currently used as a successful Airbnb, generating approximately $134,000 annually.
Top Cons:
Year Built: Built in 1914, the property may require ongoing maintenance and potential upgrades due to its age.

Compared to the nearby listings

Price:$1.35M vs avg $1.36M ($-8,500)50%
Size:2,292 sqft vs avg 1,902 sqft65%
Price/sqft:$588 vs avg $9428%

More Insights

Built in 1914 (111 years old).
Condition: The property, built in 1914, has been recently remodeled with over $300,000 in upgrades. The images show updated kitchens and bathrooms with modern fixtures and appliances. While the original build year is old, the extensive recent renovations suggest a 'Good' condition, as it's move-in ready and well-maintained.
Year Built
1914
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$588
HOA
-
Days on market
-
Sold On
-
MLS number
25486615
Home ConditionGood
Features
Patio
View-

About this home

Two Remodeled Pasadena Homes in a Prime Location with Dual Income Potential. Welcome to 396 N Summit Ave and 397 Townsend Pl, an exceptional property in one of Pasadena's most coveted neighborhoods. Located near the iconic Rose Bowl and Old Town Pasadena, this property features a beautifully updated main house and back house, offering endless opportunities for living, income, or both. Recently remodeled with over $300,000 in upgrades. The main house has 3 bedrooms, 2 bathrooms, and an expansive attic with potential for conversion into additional square footage, making it perfect for growing families or those seeking added value. The Townsend house is 2-bedroom, 2-bathroom, comes complete with a spacious two-car garage and its own private entrance. Both houses are currently used as a successful Airbnb, contributing to the property's combined annual revenue of approximately $134,000. With its versatile setup, this property offers an ideal solution for multi-generational living, renting one unit while enjoying the other, or maintaining both as lucrative income-generating rentals. Situated on a spacious lot, the property also offers plenty of room for outdoor enjoyment. Opportunities like this rarely come aroundlive in a prime location, enjoy the benefits of recent renovations, and take advantage of impressive income potential. Don't miss your chance to own this Pasadena gem!

Condition Rating
Good

The property, built in 1914, has been recently remodeled with over $300,000 in upgrades. The images show updated kitchens and bathrooms with modern fixtures and appliances. While the original build year is old, the extensive recent renovations suggest a 'Good' condition, as it's move-in ready and well-maintained.
Pros & Cons

Pros

Income Potential: The property features two houses currently used as a successful Airbnb, generating approximately $134,000 annually.
Recent Remodel: The property has been recently remodeled with over $300,000 in upgrades, offering modern amenities and appeal.
Prime Location: Located in a coveted Pasadena neighborhood near the Rose Bowl and Old Town Pasadena, offering convenient access to amenities and attractions.

Cons

Year Built: Built in 1914, the property may require ongoing maintenance and potential upgrades due to its age.
Attic Conversion: The attic requires conversion to be usable square footage, which will require additional investment.

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