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Sold on 09/16/2015
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1145 N Summit Ave, Pasadena, CA 91103

  • $1,320,000

    Last sold 09/16/2015 after 71 Days

  • 6

    bed

  • 4

    bath

House not for sale
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About 1145 N Summit Ave

Property type House
Neighborhood
Year built 1928
HOA fee $0/month
Lot size 0.45 Acre
Property description
Great commercial property investment opportunity, priced for a fast sale! Summit Apartment is located in the heart of Pasadena, only blocks away from 210 fwy & Old Town Pasadena. There are a total of 5 buildings, consisting of 12 units (2- 2bed 1 bath, 6- 1 bed, 1 bath, 4- studio) with a good mix, most of the units have their own garages. 100% occupancy with rents below market, which allows great potential for future growth and immediate appreciation! Close to 6% cap rate, with no rent control. About half
Listed by
Listing Agent - YANLI
Listing Office - THE VIRTUAL REALTY GROUP
Source: San Diego MLS mls logo
MLS#CV15148290 • last updated 6 years ago
Movoto checked San Diego MLS for data 3 minutes ago
Overview
Cooling/AC Other/Remarks
Levels/Style 2 Story
Status SOLD
SubType Res Income 2-4 Units
MLS # CV15148290
Lot Size (SqFt) 19802
Year Built 1928
Exterior
Exterior Stucco
Roof Composition
Amenities / Utilities
Water Source Meter On Property
Pool Desc N/K
Spa Desc N/K
Location
County Los Angeles
APN 5728002016
Directions N. Of Mountain St. S. Of Washington Blvd Between Fair Oaks Ave And Marengo Ave.
Multifamily Details
Unit 2: # Bedrooms 2
Unit 3: # Bedrooms 1
Unit 1: # Total Baths 1
Unit 2: # Total Baths 1
Unit 3: # Total Baths 1
Unit 4: # Total Baths 1
Unit 4: # Bedrooms 1
Unit 1: # Bedrooms 2
Unit 2: Actual Rent 1060
Unit 3: Actual Rent 925
Unit 4: Actual Rent 990
Total # of Units 12
Gross Rent Multiplier (Actual) 12.51
Gross Scheduled Income 135120
  • Sep 2015
    mls logo MLS # CV15148290
  • Sep 16, 2015 Sold
    $1,320,000
  • Sep 16, 2015 Sold
    $1,320,000 (-12.0%)
  • Jul 7, 2015 Listed
    $1,500,000
  • Jul 7, 2015 Listed
    $1,500,000
  • 1145 N Summit Ave
    $1.32M
  • Northwest Pasadena
    $1.49M
  • 91103
    $945K -14% y/y
  • Pasadena
    $1.14M -3% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
127 E Hammond St, Pasadena, CA 91103 $1,191,000 1/1 728 0.02
125 E Hammond St, Pasadena, CA 91103 $1,200,000 5/2 1,802 0.03
1140 N Summit Ave, Pasadena, CA 91103 $972,000 3/1 1,262 0.03
1132 N Summit Ave, Pasadena, CA 91103 $878,000 2/1 930 0.03
1158 N Summit Ave, Pasadena, CA 91103 $943,000 4/1 1,656 0.04
1165 N Summit Ave, Pasadena, CA 91103 $965,000 3/2 1,000 0.04
167 E Hammond St, Pasadena, CA 91103 $1,014,000 3/1 1,013 0.04
112 E Hammond St, Pasadena, CA 91103 $1,014,000 2/1 1,207 0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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5/10
Washington Accelerated Elementary School
public Grades K-5
Pasadena Unified School District
3/10
Octavia E. Butler Magnet School
public Grades 6-8
Pasadena Unified School District
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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