1063 N Summit Ave Pasadena, CA 91103
Orange Heights Neighborhood
7
Beds
4
Baths
3,533
Sq Ft
0.36
Acres
Highlights
- 0.36 Acre Lot
- John Muir High School Rated A-
- Ceiling Fan
About This Home
As of October 2024Investors, 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.
Last Agent to Sell the Property
Keyholder Estate License #01103511 Listed on: 04/02/2024
Last Buyer's Agent
Greg Mkrtchyan
Markarian Realty License #01452036
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,249
Year Built
- Built in 1947
Lot Details
- 0.36 Acre Lot
Parking
- Driveway
Home Design
- Quadruplex
Interior Spaces
- 3,533 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Dryer
- Washer
Community Details
- 2 Buildings
- 4 Units
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for water
- Assessor Parcel Number 5728-003-007
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 2, 2024
Closed on
Sep 5, 2024
Sold by
Murphy Millard Augustine and Murphy Martin
Bought by
Greg And Leana Mkrtchyan Living Trust and Mkrtchyan
Seller's Agent
Teresa Taylor
Keyholder Estate
Buyer's Agent
Greg Mkrtchyan
Markarian Realty
List Price
$1,350,000
Sold Price
$1,020,000
Premium/Discount to List
-$330,000
-24.44%
Views
180
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,007
Avg. Annual Appreciation
3.75%
Original Mortgage
$765,000
Outstanding Balance
$757,900
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$294,107
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,020,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $765,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/03/2024 10/03/24 | Sold | $1,020,000 | -5.6% | $289 / Sq Ft |
| 09/05/2024 09/05/24 | Pending | -- | -- | -- |
| 08/13/2024 08/13/24 | Price Changed | $1,080,000 | -10.0% | $306 / Sq Ft |
| 07/14/2024 07/14/24 | Price Changed | $1,200,000 | -11.1% | $340 / Sq Ft |
| 04/02/2024 04/02/24 | For Sale | $1,350,000 | -- | $382 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $3,249 | $1,020,000 | $765,000 | $255,000 |
| 2024 | $3,249 | $188,466 | $60,769 | $127,697 |
| 2023 | $3,218 | $184,772 | $59,578 | $125,194 |
| 2022 | $3,124 | $181,150 | $58,410 | $122,740 |
| 2021 | $2,994 | $177,599 | $57,265 | $120,334 |
| 2020 | $2,908 | $175,779 | $56,678 | $119,101 |
| 2019 | $2,907 | $172,333 | $55,567 | $116,766 |
| 2018 | $2,900 | $168,955 | $54,478 | $114,477 |
| 2016 | $2,752 | $162,396 | $52,363 | $110,033 |
| 2015 | $2,719 | $159,958 | $51,577 | $108,381 |
| 2014 | $2,706 | $156,825 | $50,567 | $106,258 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Teresa Taylor
Keyholder Estate
(310) 713-7211
1 in this area
16 Total Sales
-
Seller Co-Listing Agent in 2024
Elsabeth Araya
Keyholder Estate
(323) 334-5172
1 in this area
8 Total Sales
-
G
Buyer's Agent in 2024
Greg Mkrtchyan
Markarian Realty
Map
Source: The MLS
MLS Number: 24-375453
APN: 5728-003-007
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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