NOT LISTED FOR SALE

1018 N Summit Ave Pasadena, CA 91103

Orange Heights Neighborhood

Estimated Value: $1,057,000 - $1,591,000

5 Beds
4 Baths
3,424 Sq Ft
$375/Sq Ft Est. Value

Sale Details

Date Sold: August 7, 2015

Last sale price $680,000 $199 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $7,777 / mo

55 Days on Market

Highlights

  • Dual Staircase
  • Granite Countertops
  • No HOA
  • Property is near public transit
  • Private Yard
  • Den

About This Home

As of August 2015

A 3 Unit property located in area of similar type properties, close to downtown Pasadena, & transportation. Property is a two story structure in front with 2 units (A & B) built in 1915, and was used as personal residence of the Owner for over 40 years. A family member has lived in the upstairs unit (Unit B) for more than 5 years. The 3rd unit (C) is detached structure to rear of property. UNIT A measures 1574 sqft, with living room, formal dining room, den, 3 bedrooms and 2 full baths. The kitchen with eating area recently updated with wood cabinets, granite counters, and stainless steel appliances. Both full baths in unit were recently updated. FA/CA, & security system. Part of Unit A is a detached office/bonus room with bath, & measures 257 sqft. UNIT B is the upstairs portion of front structure measuring 835 sqft, a studio type some knotty pine paneled unit with kitchenette & 3/4 bath. This unit is all electric, and has new heat pump w/AC. UNIT C has 2 bedrooms, 1 full bath, living room with dining area, & full kitchen. 4 garages on property, & ample uncovered parking space for more cars. Newer roof, new electrical service & meters. There have been some major upgrades, but other work is still required. Trust Sale, sold "as-is". Great potential.

Last Agent to Sell the Property

Maureen Williams

Berkshire Hathaway HomeService License #01227129 Listed on: 04/29/2015

Last Buyer's Agent

Flor Martinez

Century 21 Masters License #01302500

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 13,214 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Level Lot
  • Private Yard

Parking

  • 4 Car Garage
  • Tandem Parking

Home Design

  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 3,424 Sq Ft Home
  • Dual Staircase
  • Built-In Features
  • Den

Kitchen

  • Dishwasher
  • Granite Countertops
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Air Source Heat Pump
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 23
  • Tax Tract Number 4620
  • Assessor Parcel Number 5729015019

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0.3 Acres

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Security System
  • Property Condition: Fixer, Termite Clearance
  • Property Type: Residential Income
  • Parcel Number: 5729015019
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Built-in Features, Granite Counters, Tandem
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 198.60
  • Room Type: Den

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Appliances: Dishwasher, Electric Water Heater, Disposal, Gas Water Heater, Trash Compactor
  • Electric: Electricity - On Property
  • Heating Type: Forced Air, Heat Pump, Wall Furnace
  • Water Source: Public
  • Cooling: Central Air, Heat Pump, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Lot 10000-19999 Sqft, Near Public Transit, Yard
  • Lot Size Sq Ft: 13214.00
  • Price Per Lot Square Foot: 51.46
  • Lot Size Acres: 0.3030

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 758
  • Average3 Bed Area: 1831
  • Average Studio Area: 835
  • Gross Income: 3900.00
  • Gross Scheduled Income: 46800.00
  • Lot Size Area: 13214.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 1100.00

Tax Info

  • Tax Lot: 23
  • Tax Tract Number: 4620

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2015
Closed on
Jul 9, 2015
Sold by
Bought by
Seller's Agent
Maureen Williams
Berkshire Hathaway HomeService
Buyer's Agent
Flor Martinez
Century 21 Masters
List Price
$750,000
Sold Price
$680,000
Premium/Discount to List
-$70,000
-9.33%
Current Estimated Value
$1,284,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$604,131
Avg. Annual Appreciation
6.02%
Original Mortgage
$510,000
Outstanding Balance
$399,328
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$884,803

Purchase Details

Listed on
Apr 29, 2015
Closed on
Jun 25, 2015
Sold by
Bought by
Seller's Agent
Maureen Williams
Berkshire Hathaway HomeService
Buyer's Agent
Flor Martinez
Century 21 Masters
List Price
$750,000
Sold Price
$680,000
Premium/Discount to List
-$70,000
-9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$399,328
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$884,803
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Lawyers Title
$680,000 Lawyers Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $510,000
Closed $510,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/07/2015 08/07/15 Sold $680,000 -9.3% $199 / Sq Ft
06/23/2015 06/23/15 Pending -- -- --
04/29/2015 04/29/15 For Sale $750,000 -- $219 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,259 $804,978 $509,031 $295,947
2024 $9,736 $789,195 $499,050 $290,145
2023 $9,653 $773,721 $489,265 $284,456
2022 $9,330 $758,551 $479,672 $278,879
2021 $8,949 $743,678 $470,267 $273,411
2020 $8,611 $736,053 $465,445 $270,608
2019 $8,630 $721,621 $456,319 $265,302
2018 $8,651 $707,472 $447,372 $260,100
2016 $8,350 $680,000 $430,000 $250,000
2015 $1,093 $39,320 $14,457 $24,863
2014 $1,105 $38,550 $14,174 $24,376
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Maureen Williams

    Berkshire Hathaway HomeService

  • F

    Buyer's Agent in 2015

    Flor Martinez

    Century 21 Masters

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15090231

California Regional Multiple Listing Service (CRMLS)

APN: 5729-015-019

California Los Angeles County Pasadena 91103 Orange Heights

1018 N Summit Ave, Pasadena, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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