Andrew Hart
Real Broker
(818) 463-1176
65 Total Sales
1 in Orange Heights
$1,250,000 Price
1145 N Summit Ave Pasadena, CA 91103
Orange Heights NeighborhoodEstimated Value: $2,314,040 - $2,574,000
8
Beds
10
Baths
6,018
Sq Ft
$406/Sq Ft
Est. Value
Highlights
- View of Trees or Woods
- Wood Flooring
- Fireplace
- 0.46 Acre Lot
- Lawn
- 12 Car Garage
About This Home
As of September 2015Great commercial property investment opportunity, priced for a fast sale! Summit Apartment is located in the heart of Pasadena, only blocks away from 210 fwy & Old Town Pasadena. There are a total of 5 buildings, consisting of 12 units (2- 2bed 1 bath, 6- 1 bed, 1 bath, 4- studio) with a good mix, most of the units have their own garages. 100% occupancy with rents below market, which allows great potential for future growth and immediate appreciation! Close to 6% cap rate, with no rent control. About half of the complex is section 8 which offers great income and tenant stability from Government! The complex has been well maintained and with minimum expenses which leave more room for profits! One of the buildings has a newer roof and the whole complex was fumigated a few years ago.
Last Agent to Sell the Property
REALTY ONE GROUP WEST License #01769745 Listed on: 07/07/2015
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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Lot Details
- 19,802 Sq Ft Lot
- Two or More Common Walls
- Wire Fence
- Paved or Partially Paved Lot
- Lawn
Parking
- 12 Car Garage
- 2 Carport Spaces
- Parking Available
- Parking Lot
- Off-Street Parking
Property Views
- Woods
- Neighborhood
Home Design
- Property Attached
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 6,018 Sq Ft Home
- Fireplace
- Gas Range
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 8 Bedrooms
- 10 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Cooling Available
- Wall Furnace
- Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 10
- Tax Tract Number 4620
- Assessor Parcel Number 5728002016
Community Details
Overview
- 3 Buildings
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Leased Units
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,327
- Maintenance Expense $7,626
- Other Expense $8,497
- New Taxes Expense $17,062
- Gross Income $11,260
- Net Operating Income $96,842
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
Closed on
Dec 29, 2015
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
3.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 28, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
3.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 21, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
3.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 25, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
3.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 18, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
3.92%
Mortgage Type
Commercial
Purchase Details
Listed on
Jul 7, 2015
Closed on
Nov 2, 2015
Sold by
Bought by
Seller's Agent
Yanli Qu
REALTY ONE GROUP WEST
Buyer's Agent
Robert Mokhtarzadeh
Shahram Mokhtarzadeh
List Price
$1,500,000
Sold Price
$1,320,000
Premium/Discount to List
-$180,000
-12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%
Original Mortgage
$990,000
Interest Rate
3.92%
Mortgage Type
Commercial
Purchase Details
Listed on
Jul 7, 2015
Closed on
Aug 27, 2015
Sold by
Bought by
Seller's Agent
Yanli Qu
REALTY ONE GROUP WEST
Buyer's Agent
Robert Mokhtarzadeh
Shahram Mokhtarzadeh
List Price
$1,500,000
Sold Price
$1,320,000
Premium/Discount to List
-$180,000
-12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 7, 2014
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
4.12%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 22, 2013
Sold by
Bought by
Purchase Details
Closed on
Jun 1, 2011
Sold by
Bought by
Purchase Details
Closed on
Dec 5, 2009
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.91%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 3, 2009
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.91%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 8, 2004
Sold by
Bought by
Purchase Details
Closed on
Aug 27, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Orange Heights, CA
-
Andrew Hart
-
Linda Ojeda
Linda Ojeda
Luxury Collective
(424) 372-0165
111 Total Sales
2 in Orange Heights
$650,000 Price Range
-
Hilda Hernandez
Hilda Hernandez
Berkshire Hathaway HomeServices
(626) 699-8904
93 Total Sales
3 in Orange Heights
$1M - $1.5M Price Range
-
Beatrice Harendza-Harinxma
Beatrice Harendza-Harinxma
COMPASS
(818) 418-8114
49 Total Sales
1 in Orange Heights
$1,200,000 Price
-
Shannon Fenton
Shannon Fenton
Compass
(424) 338-9165
102 Total Sales
1 in Orange Heights
$671,000 Price
-
Staci Siegel
Staci Siegel
Engel & Völkers
(424) 499-2383
29 Total Sales
1 in Orange Heights
$1,630,000 Price
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 |
|---|---|---|---|
| -- | Stewart Title | ||
| -- | Stewart Title | ||
| -- | Stewart Title | ||
| -- | None Available | ||
| -- | Stewart Title | ||
| $200,000 | Title 365 | ||
| $436,000 | Title 365 | ||
| -- | None Available | ||
| $1,320,000 | Title365 Company Inc | ||
| -- | Title365 Company | ||
| -- | Accommodation | ||
| $1,300,000 | Ticor Title Company | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Security Union Title Ins Co | ||
| -- | Security Union Title Ins Co | ||
| -- | -- | ||
| -- | -- |
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 | $1,965,000 | ||
| Closed | $990,000 | ||
| Previous Owner | $450,000 | ||
| Previous Owner | $1,150,000 | ||
| Previous Owner | $1,150,000 | ||
| Previous Owner | $350,000 | ||
| Previous Owner | $540,000 | ||
| Previous Owner | $450,000 |
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 |
|---|---|---|---|---|
| 09/16/2015 09/16/15 | Sold | $1,320,000 | -12.0% | $219 / Sq Ft |
| 09/08/2015 09/08/15 | Pending | -- | -- | -- |
| 07/07/2015 07/07/15 | For Sale | $1,500,000 | -- | $249 / 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 | $20,533 | $1,562,605 | $1,065,414 | $497,191 |
| 2024 | $19,561 | $1,531,967 | $1,044,524 | $487,443 |
| 2023 | $19,398 | $1,501,930 | $1,024,044 | $477,886 |
| 2022 | $18,765 | $1,472,481 | $1,003,965 | $468,516 |
| 2021 | $18,019 | $1,443,610 | $984,280 | $459,330 |
| 2019 | $17,387 | $1,400,794 | $955,087 | $445,707 |
| 2018 | $17,478 | $1,373,328 | $936,360 | $436,968 |
| 2016 | $16,879 | $1,320,000 | $900,000 | $420,000 |
| 2015 | $19,206 | $1,560,000 | $1,100,000 | $460,000 |
| 2014 | $17,062 | $1,332,019 | $922,167 | $409,852 |
Source: Public Records
Agents Affiliated with this Home
-
Yanli Qu
Y
Seller's Agent in 2015
Yanli Qu
REALTY ONE GROUP WEST
(626) 236-2178
1 Total Sale
-
Robert Mokhtarzadeh
R
Buyer's Agent in 2015
Robert Mokhtarzadeh
Shahram Mokhtarzadeh
(310) 592-6970
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV15148290
APN: 5728-002-016
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes
- 229 E Washington Blvd
- 1394 N Raymond Ave
- 1394 N Raymond Ave Unit 2
- 925 N Marengo Ave
- 966 Worcester Ave
- 55 W Washington Blvd
- 351 Adena St
- 119 W Washington Blvd
- 1255 N Los Robles Ave Unit 18
- 847 N Raymond Ave Unit 9A
- 1419 El Sereno Ave
- 1210 Glen Ave
- 1465 Navarro Ave
- 518 E Washington Blvd
- 1325 Glen Ave
- 718 N Raymond Ave Unit 6
- 1164 Mentone Ave
- 637 N Raymond Ave
- 823 N Madison Ave
- 279 Parke St
- 1161 N Summit Ave Unit 2
- 1161 N Summit Ave
- 1165 N Summit Ave
- 1181 N Summit Ave
- 127 E Hammond St
- 1135 N Summit Ave
- 1191 N Summit Ave
- 1193 N Summit Ave Unit 2
- 125 E Hammond St
- 1166 N Raymond Ave Unit 4
- 1166 N Raymond Ave
- 1160 N Raymond Ave Unit 1
- 1160 N Raymond Ave Unit 1-4
- 1160 N Raymond Ave
- 1156 N Summit Ave
- 1139 N Summit Ave
- 1152 N Raymond Ave
- 1203 N Summit Ave
- 1150 N Summit Ave
- 1132 N Raymond Ave
Your Personal Tour Guide
Ask me questions while you tour the home.