541 N Summit Ave Pasadena, CA 91103
Northwest Pasadena NeighborhoodEstimated payment $9,682/month
About This Home
Welcome to this investment opportunity in the heart of City of Pasadena. This property features two (2) two-story buildings (Front and Back) with four (4) units total. Each building has 2 units (1st floor & 2nd floor). All four units are 100% occupied. Each unit features 2 bedrooms + den (used as 3rd bedroom), and 1 bathroom. Each unit comes with indoor laundry hookups, A/C wall unit, and each unit comes with private one (1) carport parking in the back of the building. Exterior of the building was painted in 2024. This property is conveniently located in the heart of Pasadena and is minutes away from shopping centers, parks, metro and restaurants. Located just minutes from Old Town Pasadena, the Rose Bowl, and major freeways, this property combines convenience with long-term upside. All tenants are current with rent payments.
Listing Agent
T.N.G. Real Estate Consultants Brokerage Phone: 909-273-1994 License #01961798 Listed on: 10/06/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1965
Lot Details
- 6,982 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,700 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 4 Parking Spaces
- 4 Carport Spaces
- Parking Available
Listing and Financial Details
- Legal Lot and Block 1 / B
- Tax Tract Number 4619
- Assessor Parcel Number 5725007002
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,156
- Other Expense $16,339
- Trash Expense $3,095
- Water Sewer Expense $8,115
- Operating Expense $29,705
- Net Operating Income $45,938
Map
Home Values in the Area
Average Home Value in this Area
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 | $15,585 | $1,350,000 | $900,000 | $450,000 |
| 2024 | $15,585 | $1,325,447 | $848,966 | $476,481 |
| 2023 | $15,456 | $1,299,459 | $832,320 | $467,139 |
| 2022 | $14,928 | $1,273,980 | $816,000 | $457,980 |
| 2021 | $14,318 | $1,249,000 | $800,000 | $449,000 |
| 2019 | $11,764 | $1,020,287 | $697,071 | $323,216 |
| 2018 | $11,930 | $1,000,282 | $683,403 | $316,879 |
| 2016 | $11,532 | $961,441 | $656,866 | $304,575 |
| 2015 | $7,997 | $643,782 | $374,669 | $269,113 |
| 2014 | $7,854 | $631,172 | $367,330 | $263,842 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2025 10/06/25 | For Sale | $1,600,000 | +18.5% | $432 / Sq Ft | |
| 10/31/2024 10/31/24 | Sold | $1,350,000 | 0.0% | $365 / Sq Ft | View Prior Sale |
| 08/13/2024 08/13/24 | Pending | -- | -- | -- | |
| 07/30/2024 07/30/24 | Price Changed | $1,350,000 | -1.8% | $365 / Sq Ft | |
| 07/09/2024 07/09/24 | For Sale | $1,375,000 | +10.1% | $372 / Sq Ft | |
| 10/19/2020 10/19/20 | Sold | $1,249,000 | 0.0% | $338 / Sq Ft | View Prior Sale |
| 09/23/2020 09/23/20 | Pending | -- | -- | -- | |
| 09/02/2020 09/02/20 | Off Market | $1,249,000 | -- | -- | |
| 07/29/2020 07/29/20 | For Sale | $1,249,000 | 0.0% | $338 / Sq Ft | |
| 07/15/2020 07/15/20 | Pending | -- | -- | -- | |
| 07/06/2020 07/06/20 | For Sale | $1,249,000 | +31.9% | $338 / Sq Ft | |
| 02/17/2015 02/17/15 | Sold | $946,900 | -3.9% | $256 / Sq Ft | View Prior Sale |
| 12/31/2014 12/31/14 | Pending | -- | -- | -- | |
| 11/19/2014 11/19/14 | For Sale | $985,000 | -- | $266 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $1,350,000 | Chicago Title Insurance Compan | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | $1,249,000 | Stewart Title Of Ca Inc | |
| Grant Deed | -- | None Available | |
| Grant Deed | $947,000 | Title 365 | |
| Interfamily Deed Transfer | -- | Title 365 | |
| Interfamily Deed Transfer | -- | Equity Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Servicelink | |
| Grant Deed | $582,000 | Servicelink | |
| Trustee Deed | $850,000 | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $945,000 | Fidelity National Title | |
| Grant Deed | $640,000 | Southland Title | |
| Grant Deed | -- | -- | |
| Grant Deed | $300,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $420,000 | New Conventional | |
| Previous Owner | $645,000 | New Conventional | |
| Previous Owner | $710,175 | New Conventional | |
| Previous Owner | $420,000 | New Conventional | |
| Previous Owner | $630,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $450,000 | Purchase Money Mortgage | |
| Previous Owner | $298,007 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25233422
APN: 5725-007-002
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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
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