NOT LISTED FOR SALE

1303 N Summit Ave Pasadena, CA 91103

Orange Heights Neighborhood
12 Beds
5 Baths
17,138 Sq Ft
0.48 Acres

Last Sold June 20, 2012

Last sale price $2,850,000 $166 Per Sq Ft

131 Days on Market

Highlights

  • 0.48 Acre Lot
  • Laundry Room
  • 3-minute walk to La Pintoresca Park
  • No HOA
  • Turnkey

About This Home

As of June 2012

CASH FLOW!! This beauty gives you the cash flow that your Investors are looking for. Low maintenance! Easy management! Courtyard with pool that gives your tenants a place to entertain with family and friends. Separate gas and electric meter.

Last Agent to Sell the Property

Jamie Chao

Pinnacle Real Estate Group License #01227621 Listed on: 01/29/2012

Pinnacle Real Estate Group

Last Buyer's Agent

Jamie Chao

Pinnacle Real Estate Group License #01227621 Listed on: 01/29/2012

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.48

Parking

  • 21 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 17,138 Sq Ft Home
  • Turnkey
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • 0.48 Acre Lot

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 4620
  • Assessor Parcel Number 5728001036

Community Details

Overview

  • No Home Owners Association
  • 22 Units

Building Details

  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,428
  • Gardener Expense $1,440
  • Insurance Expense $5,400
  • Maintenance Expense $3,000
  • Pest Control $600
  • Professional Management Expense $6,000
  • Trash Expense $4,944
  • Water Sewer Expense $12,000
  • New Taxes Expense $33,326
  • Gross Income $3,120
  • Net Operating Income $226,381

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

21

Listing Details

  • CapRate: 7.10
  • Professional Management Expense: 6000.00
  • Water Sewer Expenses: 12000.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 5728001036
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 166.30

Exterior Features

  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 21.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 21.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Pest Control Expense: 600.00
  • Trash Expense: 4944.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 20806.00
  • Lot Size Acres: 0.4800

Multi Family

  • Electric Expense: 1428.00
  • Gross Income: 3120.00
  • Gross Scheduled Income: 303480.00
  • Insurance Expense: 5400.00
  • Lot Size Area: 20806.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 226381.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 74138.00
  • Rent Control: No
  • Total Actual Rent: 25290.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 33326.00
  • Tax Lot: 14
  • Tax Tract Number: 4620

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2012 06/20/12 Sold $2,850,000 -10.6% $166 / Sq Ft
06/08/2012 06/08/12 Pending -- -- --
01/29/2012 01/29/12 For Sale $3,188,888 -- $186 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jamie Chao

    Seller's Agent in 2012

    Jamie Chao

    Pinnacle Real Estate Group

    (626) 964-8999

    30 Total Sales

    Jamie Chao
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: H12012874

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91103 Orange Heights

1303 N Summit Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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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.

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