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Sold on 09/05/2024
  • View/Area
  • Exterior
  • Living
  • Other
  • Bath
  • Bedroom
  • Kitchen

1063 N Summit Ave, Pasadena, CA 91103

  • $1,058,000

    Last sold 09/05/2024 for $1.02M

  • 7

    bed

  • 4

    bath

  • 3,533

    Sqft ($289/Sqft)

Multi-family not for sale
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About 1063 N Summit Ave

Property type Multi-family
Neighborhood
Year built 1947
HOA fee $0/month
Lot size 0.36 Acre
Movoto estimate
Property description
Investors, welcome to this exceptional property boasting a wealth of opportunities. Situated on a sprawling 15,590-square-foot lot, this residence offers ample space and endless potential. On the property you will find four distinct units, the first unit, located downstairs, features three spacious bedrooms, den area and large kitchen with convenient backyard access. Upstairs, you'll discover two additional units, one offering two bedrooms and the other a cozy one-bedroom layout. Detached from the main unit is a separate standalone unit which features two bedrooms recently updated. The lot size and endless possibilities truly set this property apart along with the future rental upside and the close proximity to Old Town Pasadena, renowned for its charming atmosphere, eclectic shopping, and delectable dining options.
Listed by
Listing Agent - Teresa Taylor
Listing Office - Keyholder Estate
Source: The MLS mls logo
MLS#24-375453 • last updated 1 year ago
Movoto checked The MLS for data 5 minutes ago
Overview
Levels/Style Two
MLS # 24-375453
Type Residential Income
Status Sold
Virtual Tour N/A
SqFt 3533
Lot Size (SqFt) 15596
Lot Size (Acres) 0.358
Year Built 1947
Interior
Total # of Baths 4
Total # of Bedrooms 7
Exterior
Parking Desc Driveway, Parking Space
Add'l Structures Other
Amenities / Utilities
Equipment Ceiling Fan, Dryer, Washer
Location
County Los Angeles
Waterfront None
View None
Zoning PSR1
APN 5728-003-007
Multifamily Details
Tenant Pays Electricity, Gas
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 3: Projected Rent 1850
Unit 1: Projected Rent 3000
Unit 1: # Beds 3
Unit 4: # Beds 1
Unit 1: Rent 1600
Unit 2: Rent 1600
Unit 3: Rent 1500
Unit 4: Rent 1500
Owner Pays Water
Unit 2: Furnished No
Unit 2: Projected Rent 2000
Unit 4: Projected Rent 1850
Unit 3: # Beds 1
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 4: Actual Rent 1500
Unit 2: Actual Rent 1600
Unit 3: Actual Rent 1500
Unit Type 2106, 2107, 2108, 2109
Unit 1: Actual Rent 1600
Total # Of Buildings 2
Total Rent 6200
Annual Gross Income 74400
Net Operating Income 5400
Annual Rent 74400
Cap Rate 4.5
Gross Income 6200
Gross Operating Income 6200
Gross Rent Multiplier 15
Total Annual Expenses 800
$1.05M
Range: $920K-$1.19M
Last 30 days 
  • Jul 2024
    mls logo MLS # 24-375453
  • Jul 14, 2024 Price Change
    $1,200,000 (-11.1%)
  • Apr 2, 2024 Listed
    $1,350,000 (+8.0%)
  • Aug 2022
    mls logo MLS # IN22172391
  • Aug 12, 2022 Listed
    —
  • Aug 8, 2022 Active
    —
  • Aug 4, 2022 Listed
    $1,250,000
  • 1063 N Summit Ave
    $1.02M
  • Pasadena Nw
    $1.49M
  • 91103
    $1.08M -16% y/y
  • Pasadena
    $1.17M -9% y/y
No chart available
Statistics calculated by Movoto

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4/10
John Muir High School
public Grades 9-12
Pasadena Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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