NOT LISTED FOR SALE

1196 N Summit Ave Pasadena, CA 91103

Orange Heights Neighborhood

Estimated Value: $1,078,000 - $1,504,000

5 Beds
4 Baths
2,352 Sq Ft
$526/Sq Ft Est. Value

Last Sold November 27, 2019

Last sale price $748,000 $318 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $7,557/month

218 Days on Market

Highlights

  • 6 Car Attached Garage
  • John Muir High School Rated A-
  • 1-Story Property

About This Home

As of November 2019

Great 3 units investment opportunity. There are 2 units in the front building. Each unit consists of 2 bedrooms and 1 bath, living room, kitchen and dining area. Rear house is a two story with 1 bedroom and 1 bath, living room, kitchen and dining area. There are two enclosed 1-car garage plus other parking and storage room.

Last Agent to Sell the Property

Charles Picker

I.X.A. License #00414181 Listed on: 03/19/2019

Last Buyer's Agent

Ari Mastorakis

Coldwell Banker Realty License #01373388

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,798

Year Built

  • Built in 1924

Lot Details

  • 9,991

Parking

  • 6 Car Attached Garage

Home Design

  • Triplex

Interior Spaces

  • 2,352 Sq Ft Home
  • 1-Story Property
  • Oven or Range
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • 9,991 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5729-014-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,798

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2352
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Gas Or Electric Dryer Hookup, Range/Oven
  • Price Per S Q F T: 339.29

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage Is Detached
  • Total Parking: 6

Utilities

  • Cooling: Wall/Window
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 1
  • Water Expense: 1382.00

Fee Information

  • Insurance Expense: 790.00
  • Maintenance Expense: 1200.00
  • Trash Expense: 635.00

Lot Info

  • Assessed Improvement Value: 155195
  • Assessed Land Value: 126974
  • Assessor Parcel Number: 5729-014-006
  • Geocode Override: No
  • Lot Size Area: 9991

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.83
  • Number Of Units: 3
  • Total Annual Expense: 8666.06
  • Type Of Units: Triplex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 3930.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2019
Closed on
Oct 16, 2019
Sold by
Rodriguez Jesus Hernandez
Bought by
Mastorakis Ari and Fragoso Evelyn
Seller's Agent
Charles Picker
I.X.A.
Buyer's Agent
Ari Mastorakis
Coldwell Banker Realty
List Price
$950,000
Sold Price
$748,000
Premium/Discount to List
-$202,000
-21.26%
Current Estimated Value
$1,236,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$488,952
Avg. Annual Appreciation
8.30%
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Mastorakis Ari $748,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mastorakis Ari $1,870,000
Closed Mastorakis Ari $377,000
Previous Owner Rodriguez Jesus Hernandez $75,000
Previous Owner Rodriguez Jesus Hernandez $200,000
Previous Owner Rodriguez Jesus Hernandez $164,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2019 11/27/19 Sold $748,000 -6.3% $318 / Sq Ft
10/23/2019 10/23/19 Pending -- -- --
05/14/2019 05/14/19 Price Changed $798,000 -9.8% $339 / Sq Ft
03/21/2019 03/21/19 Price Changed $885,000 -6.8% $376 / Sq Ft
03/19/2019 03/19/19 For Sale $950,000 -- $404 / Sq Ft
Source: The MLS

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 $9,798 $818,044 $574,162 $243,882
2024 $9,798 $802,004 $562,904 $239,100
2023 $9,715 $786,279 $551,867 $234,412
2022 $9,294 $770,863 $541,047 $229,816
2021 $8,918 $755,749 $530,439 $225,310
2020 $8,575 $748,000 $525,000 $223,000
2019 $3,951 $293,566 $132,103 $161,463
2018 $3,900 $287,811 $129,513 $158,298
2016 $3,743 $276,637 $124,485 $152,152
2015 $3,700 $272,483 $122,616 $149,867
2014 $3,650 $267,147 $120,215 $146,932
Source: Public Records

Agents Affiliated with this Home

  • Charles Picker

    Seller's Agent in 2019

    Charles Picker

    I.X.A.

    (626) 893-0277

    145 Total Sales

    Charles Picker
    Section Image

  • A

    Buyer's Agent in 2019

    Ari Mastorakis

    Coldwell Banker Realty

    (714) 313-3200

    86 Total Sales

    Ari Mastorakis
    Section Image
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Map

Source: The MLS

MLS Number: 19-445746

The MLS

APN: 5729-014-006

California Los Angeles County Pasadena 91103 Orange Heights

1196 N Summit Ave, Pasadena, CA

This home is located at 1196 N Summit Ave, Pasadena, CA 91103 since 19 March 2019 and is currently estimated at $1,236,952, approximately $525 per square foot. This property was built in 1924. 1196 N Summit Ave is a home located in Los Angeles County with nearby schools including Washington Elementary STEM Magnet, Octavia E. Butler Magnet, and John Muir High School.

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