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Sold on 12/14/2025

965 N Summit Ave, Pasadena, CA 91103

  • $1,512,000

    Last sold 12/14/2025 after 197 Days

  • 9

    bed

  • 6

    bath

  • 4,275

    Sqft ($354/Sqft)

Multi-family not for sale
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About 965 N Summit Ave

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Lot size 0.28 Acre
Movoto estimate
Property description
REDUCED and ready to sell! 6 Units for sale in Prime Pasadena. One of the 2+1's units is vacant. Two Buildings consisting of 3 units per building. Both buildings sit on a large 12,008 SF lot. Excellent value-add multifamily opportunity that features (6) total units: Three 2bed +1 bath, three 1bed +1 bath units and there is room to build 3+ ADUs (buyer to verify). Rents are currently on the lower side so there's about 30% upside to be had and one of the 2+1's will be delivered vacant at COE. Located in a strong rental area near transit, amenities, & the 210 freeway. A great option for investors seeking income, development potential, or a 1031 exchange opportunity. Projected GRM after Value-Add is a very low 9.
Listed by
Listing Agent - Sam Shakerchi
Listing Office - Compass
Source: The MLS mls logo
MLS#25540149 • last updated 7 months ago
Movoto checked The MLS for data 9 minutes ago
Overview
Levels/Style One
MLS # 25540149
Type Residential Income
Status Sold
SqFt 4275
Lot Size (SqFt) 12008
Lot Size (Acres) 0.2757
Year Built 1958
Interior
Total # of Baths 6
Total # of Bedrooms 9
Exterior
# Parking Spaces 12
Parking Desc Carport
Add'l Structures None
Amenities / Utilities
Equipment Range/Oven, Refrigerator
Location
County Los Angeles
Zoning PSR1
APN 5728-003-033
Multifamily Details
Unit 5: # Baths 1, 1
Unit 3: Furnished No
Unit 1: Furnished No
Unit 6: Furnished No
Unit 4: Furnished No
Unit 5: Furnished No
Unit 3: Projected Rent 2850
Unit 1: Projected Rent 2850
Unit 1: # Beds 2
Unit 6: # Beds 1
Unit 4: # Beds 1
Unit 1: Rent 1850
Unit 2: Rent 1900
Unit 3: Rent 2115
Unit 4: Rent 1215
Unit 5: Rent 1430
Unit 6: Rent 1320
Unit 2: Furnished No
Unit 2: Projected Rent 2850
Unit 6: Projected Rent 2200
Unit 5: Projected Rent 2200
Unit 4: Projected Rent 2200
Unit 3: # Beds 2
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 5: # Beds 1
Unit 4: Actual Rent 1215
Unit 2: Actual Rent 1900
Unit 3: Actual Rent 2115
Unit Type 2106, 2107, 2108, 2109, 2110, 2111
Unit 5: Actual Rent 1430
Unit 6: Actual Rent 1430
Unit 1: Actual Rent 1850
Total # Of Buildings 2
Net Operating Income 99288
Gross Income 117960
Gross Operating Income 117960
Gross Rent Multiplier 14.4
Total Annual Expenses 18672
$1.67M
Range: $1.5M-$1.84M
Last 30 days 
  • Dec 2025
    Public Records
  • Dec 31, 2025 Sold
    $1,512,000
  • Dec 2025
    mls logo MLS # 25540149
  • Dec 31, 2025 Sold
    $1,512,000 (-2.5%)
  • Dec 14, 2025 Pending
    —
  • Oct 30, 2025 Price Change
    $1,550,000 (-2.8%)
  • Sep 18, 2025 Price Change
    $1,595,000 (-6.1%)
  • May 30, 2025 Listed
    $1,699,000 (-11.8%)
  • Mar 2025
    mls logo MLS # 24-471701
  • Mar 6, 2025 Price Change
    $1,926,000 (-10.4%)
  • Dec 12, 2024 Listed
    $2,150,000 (+561.5%)
  • Jul 2001
    Public Records
  • Jul 26, 2001 Sold
    $325,000
  • Year Property taxes Tax assessment
  • 2024
    $6,735 +0.9%
    $470,685 +2.0%
  • 2023
    $6,677 +3.2%
    $461,457
  • 2022
    $6,471 +4.2%
    $461,457 +4.04%
  • 2021
    $6,212 +3.4%
    $443,540
  • 2020
    $6,006 +1.1%
    $443,540 +5.12%
  • 2018
    $5,941
    $421,949
  • 965 N Summit Ave
    $1.51M
  • Garfield Heights
    $899K 0% y/y
  • 91103
    $955K -13% y/y
  • Pasadena
    $1.12M -5% 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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  • 965 N Summit Ave
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