826 N Summit Ave

Kian Maronde represented both sides in the $1.085 million sale of 826 N Summit Ave, a five-unit multifamily property in Pasadena. Despite concerns surrounding post-fire insurance costs and the challenging landlord environment, the property generated seven offers and closed with an all-cash buyer just nine days after listing. The property features cottage- and duplex-style units, separate gas and electric meters, on-site parking, and approximately 45% rental upside. The transaction was also one of the few multifamily sales north of the 210 Freeway to trade this year.