1135 N Summit Ave Pasadena, CA 91103
Orange Heights Neighborhood
3
Beds
2
Baths
2,220
Sq Ft
7,451
Sq Ft Lot
Highlights
- Corner Lot
- Tankless Water Heater
- Wood Siding
- John Muir High School Rated A-
- Property is Fully Fenced
- Heating System Uses Natural Gas
About This Home
As of May 2025Two beautifully restored houses sit side by side on a generous 7,451 sq. ft. corner lot, offering both space and versatility. The 1,200 sq. ft. California Craftsman features two bedrooms, one bathroom, a private yard, a driveway, and a detached garage. Next to it, the 1,020 sq. ft. Modern Farmhouse offers one bedroom, one bathroom, an open floor plan, drought-resistant desert landscaping, and two dedicated parking spots. Together, these properties generate an impressive annual income, equating to a strong cap rate and a standout return in today’s competitive market. Beyond immediate cash flow, this property offers long-term value appreciation, blending timeless architectural appeal with solid financial performance. This property also provides flexibility beyond investment potential. One home can serve as a primary residence while the other generates solid rental income (currently $4,000 per month) to offset living or mortgage expenses. Alternatively, both homes can be used for multi-generational living, offering privacy while keeping family members close. Zoned RM-12 (Multi-Family Residential – Two Units Per Lot), this property allows for the development of a third-unit ADU, further enhancing its investment potential. The garage is wired and has a dedicated electrical circuit for a standalone AC unit, with nearby plumbing and a mainline cleanout. An ADU can be added to create a one-bedroom unit with its own backyard and entrance, with an estimated rental income of $2,000 per month. The California Craftsman house will be delivered vacant. Recent upgrades at 1135 N Summit Ave include a new mini-split HVAC system, a new roof, new plumbing with a tankless water heater, new electrical, new appliances, new cabinets, upgraded plumbing fixtures, a renovated kitchen, a renovated bathroom, and new flooring. Recent upgrades at 1139 N Summit Ave include refinished original hardwood floors, restored original cabinets and windows with original hardware throughout, a new backyard deck, double French doors in the kitchen and primary bedroom opening to the backyard, unique original light fixtures, updated electrical wiring and new panel, updated plumbing with cast iron pipe replacements and new drain lines under the house, new tile in the kitchen and bath, and new appliances. Washer and dryer in both houses will convey with the sale.
Last Agent to Sell the Property
Coldwell Banker Realty License #01852489 Listed on: 03/17/2025
Last Buyer's Agent
Brian DeMott
KELLER WILLIAMS REALTY COLLEGE PARK License #01758566
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,012
Year Built
- Built in 1912
Lot Details
- 7,451 Sq Ft Lot
- Property is Fully Fenced
- Corner Lot
- Level Lot
- Sprinklers on Timer
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 1-Story Property
Utilities
- Heating System Uses Natural Gas
- Separate Water Meter
- Tankless Water Heater
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, water
- Assessor Parcel Number 5728002015
Community Details
Overview
- 2 Buildings
- 2 Units
- Garfield Heights Community
Pet Policy
- Pets Allowed
Building Details
- Net Operating Income $80,233
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2025
Closed on
Apr 15, 2025
Sold by
Rossi Marina and Tipton Avalon
Bought by
Dutch Ventures-Left Coast Llc
Seller's Agent
Paul Ragnvaldsson
Coldwell Banker Realty
Buyer's Agent
Brian DeMott
KELLER WILLIAMS REALTY COLLEGE PARK
List Price
$1,399,000
Sold Price
$1,400,000
Premium/Discount to List
$1,000
0.07%
Views
44
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
$4,763
Avg. Annual Appreciation
1.37%
Original Mortgage
$903,500
Outstanding Balance
$901,322
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$503,441
Purchase Details
Closed on
Mar 6, 2018
Sold by
Myles Carrie L
Bought by
Rossi Marina and Tipton Avalon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
4.4%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 22, 2013
Sold by
Myles Reginald
Bought by
Myles Charles R and Myles Carrie L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.17%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 8, 2011
Sold by
Myles Charlie R and Myles Carrie L
Bought by
Myles Reginald
Similar Homes in Pasadena, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,400,000 | Chicago Title Company | |
| Grant Deed | $660,000 | Fidelity National Title Comp | |
| Interfamily Deed Transfer | -- | Ticor Title Company Of Ca | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $903,500 | New Conventional | |
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $387,000 | Commercial | |
| Previous Owner | $387,000 | Commercial | |
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $70,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $1,400,000 | +0.1% | $631 / Sq Ft |
| 04/17/2025 04/17/25 | Pending | -- | -- | -- |
| 03/17/2025 03/17/25 | For Sale | $1,399,000 | -- | $630 / Sq Ft |
Source: San Diego 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 | $9,012 | $750,963 | $568,913 | $182,050 |
| 2024 | $9,012 | $736,239 | $557,758 | $178,481 |
| 2023 | $8,930 | $721,804 | $546,822 | $174,982 |
| 2022 | $8,623 | $707,651 | $536,100 | $171,551 |
| 2021 | $8,268 | $693,777 | $525,589 | $168,188 |
| 2019 | $7,970 | $673,200 | $510,000 | $163,200 |
| 2018 | $2,048 | $114,025 | $74,004 | $40,021 |
| 2016 | $1,944 | $109,599 | $71,131 | $38,468 |
| 2015 | $1,919 | $107,954 | $70,063 | $37,891 |
| 2014 | $1,898 | $105,840 | $68,691 | $37,149 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Paul Ragnvaldsson
Coldwell Banker Realty
(619) 957-8082
1 in this area
25 Total Sales
-
B
Buyer's Agent in 2025
Brian DeMott
KELLER WILLIAMS REALTY COLLEGE PARK
Map
Source: San Diego MLS
MLS Number: 250021642
APN: 5728-002-015
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