NOT LISTED FOR SALE

1014 N Summit Ave Pasadena, CA 91103

Orange Heights Neighborhood

Estimated Value: $1,084,000 - $1,218,000

7 Beds
3 Baths
2,888 Sq Ft
$392/Sq Ft Est. Value

Last Sold May 01, 2015

Last sale price $620,000 $215 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $6,692/month

19 Days on Market

About This Home

As of May 2015

STANDARD SALE! Perfect for the investor or owner occupant, live in one, rent the others to help with the mortgage payment! This 3 unit property is in very good shape, 2 separate buildings, the front house consists of 3 bedrooms 1 bath, the rear building has 2 units of 2 bedrooms 1 bath each, all occupied by long term happy tenants who pay on time, providing steady monthly income. The exterior of both buildings were painted within the last 12 months, also interior paint and and new carpet in the front house and unit A. Hurry, this is the best deal in town, under $600,000 in Pasadena! Please do not disturb the tenants.

Last Agent to Sell the Property

EDGAR HERRERA

METRO REAL ESTATE License #01247848 Listed on: 11/07/2014

Last Buyer's Agent

Holly Zhu

Pinnacle Real Estate Group License #01894376

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • Level Lot
  • Front Yard

Home Design

  • 2,888 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Available
  • Uncovered Parking

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 4620
  • Assessor Parcel Number 5729015020

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $860
  • Water Sewer Expense $3,660
  • New Taxes Expense $1,262
  • Gross Income $3,130
  • Net Operating Income $29,978

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 3660.00
  • Property Type: Residential Income
  • Parcel Number: 5729015020
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 214.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 6.00

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard, Level with Street, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13215.00
  • Lot Size Acres: 0.3030

Multi Family

  • Gross Income: 3130.00
  • Gross Scheduled Income: 37560.00
  • Insurance Expense: 860.00
  • Lot Size Area: 13215.0000 Square Feet
  • Net Operating Income: 29978.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 7582.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1262.00
  • Tax Lot: 24
  • Tax Tract Number: 4620
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2015
Sold by
Wang Tom Keh Jenq and Wang Keh Jenq
Bought by
Wang Tom Keh Jenq and Wang Keh Jenq
Current Estimated Value
$1,133,387

Purchase Details

Listed on
Nov 7, 2014
Closed on
Apr 17, 2015
Sold by
Lewis Arthur D and Lewis Joyce A
Bought by
Wang Tom Keh Jenq and Wang Keh Jeng
Seller's Agent
EDGAR HERRERA
METRO REAL ESTATE
Buyer's Agent
Holly Zhu
Pinnacle Real Estate Group
List Price
$594,900
Sold Price
$620,000
Premium/Discount to List
$25,100
4.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.82%

Purchase Details

Closed on
Oct 19, 2013
Sold by
Lewis Arthur D and Lewis Joyce A
Bought by
Lewis Arthur D and Lewis Joyce A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wang Tom Keh Jenq -- Accommodation
Wang Tom Keh Jenq $620,000 Provident Title
Lewis Arthur D -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2015 05/01/15 Sold $620,000 +4.2% $215 / Sq Ft
11/26/2014 11/26/14 Pending -- -- --
11/07/2014 11/07/14 For Sale $594,900 -- $206 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,033 $745,140 $480,737 $264,403
2024 $9,033 $730,530 $471,311 $259,219
2023 $8,955 $716,207 $462,070 $254,137
2022 $8,656 $702,164 $453,010 $249,154
2021 $8,303 $688,397 $444,128 $244,269
2020 $7,990 $681,340 $439,575 $241,765
2019 $8,007 $667,981 $430,956 $237,025
2018 $8,048 $654,884 $422,506 $232,378
2016 $7,768 $629,455 $406,100 $223,355
2015 $1,253 $48,014 $15,932 $32,082
2014 $1,263 $47,074 $15,620 $31,454
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    EDGAR HERRERA

    METRO REAL ESTATE

    Section Image

  • H

    Buyer's Agent in 2015

    Holly Zhu

    Pinnacle Real Estate Group

    (626) 321-4788

    4 Total Sales

    Holly Zhu
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14237616

California Regional Multiple Listing Service (CRMLS)

APN: 5729-015-020

California Los Angeles County Pasadena 91103 Orange Heights

1014 N Summit Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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