NOT LISTED FOR SALE

836 N Summit Ave Pasadena, CA 91103

Orange Heights Neighborhood

Estimated Value: $1,115,506 - $1,484,000

2 Beds
1 Bath
1,848 Sq Ft
$706/Sq Ft Est. Value

Last Sold January 30, 2015

Last sale price $601,400 $325 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $7,552/month

495 Days on Market

Highlights

  • Foothills
  • Attached Carport
  • Wall Furnace

About This Home

As of January 2015

MAJOR PRICE REDUCTION!!!Was listed for $699,00 for a while and not really available to show due to health issues of the seller,Now ready to SELL. Great Pasadena Triplex with a huge unused lot, turn key condition with stable tenants. all the units are identical 2 bedrooms, 1 Bath .lots of upgrades were done including roof, windows,carpet ,bathrooms,plumbing . great for the first time investor or an addition for your portfolio.buyer to cooperate with seller's 1031 exchange at no cost.

Last Agent to Sell the Property

John Bazerkanian

RE/MAX MASTERS REALTY License #00892241 Listed on: 08/26/2013

RE/MAX MASTERS REALTY

Last Buyer's Agent

Gabriel Albanez

Gabriel A. Albanez, Broker License #01464397

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage
  • Attached Carport
  • Parking Available

Home Design

  • 1,848 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 12
  • Tax Tract Number 5725
  • Assessor Parcel Number 5725012012

Community Details

Overview

  • 3 Units
  • Foothills

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Water Sewer Expense $1,800
  • New Taxes Expense $8,112
  • Gross Income $3,650
  • Net Operating Income $32,988

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 5725012012
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 325.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Foothills, Street Lights

Lot Info

  • Lot Size Sq Ft: 12012.00
  • Lot Size Acres: 0.2760

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 616
  • Gross Income: 3650.00
  • Gross Multiplier: 14.81
  • Gross Scheduled Income: 43800.00
  • Gross Spendable Income: 43800.00
  • Insurance Expense: 900.00
  • Lot Size Area: 12012.0000 Square Feet
  • Net Operating Income: 32988.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10812.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8112.00
  • Tax Lot: 12
  • Tax Tract Number: 5725
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2015
Sold by
Mejia Miguel Angel
Bought by
Chavez Ernesto Mejia
Current Estimated Value
$1,305,377

Purchase Details

Listed on
Aug 26, 2013
Closed on
Dec 2, 2014
Sold by
Khayalian Anita
Bought by
Mejia Miguel Angel
Seller's Agent
John Bazerkanian
RE/MAX MASTERS REALTY
Buyer's Agent
Gabriel Albanez
Gabriel A. Albanez, Broker
List Price
$649,000
Sold Price
$601,400
Premium/Discount to List
-$47,600
-7.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.36%
Original Mortgage
$451,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2011
Sold by
Khayalian Anita
Bought by
The Anita Khayalian Living Trust

Purchase Details

Closed on
Aug 13, 2010
Sold by
Aurora Loan Servicesl Lc
Bought by
Khayalian Anita

Purchase Details

Closed on
Apr 20, 2010
Sold by
Williams Cecil O
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jun 18, 2007
Sold by
Williams I Cecil O
Bought by
Ckw Holdings Llc 836 N Summit Series

Purchase Details

Closed on
Apr 4, 2006
Sold by
Threats Mark M and Threats Julie
Bought by
Williams I Cecil O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
1.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2005
Sold by
Threats Mark M and Threats Julie
Bought by
Williams I Cecil O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 31, 2005
Sold by
Horton Audrey Nichols and Horton Audrey Nichols
Bought by
Threats Mark M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 24, 1997
Sold by
Horton Audrey Nichols
Bought by
Horton Audrey Nichols and The Audrey Nichols Horton Revocable Livi

Purchase Details

Closed on
Apr 10, 1995
Sold by
State Street Bank & Trust Company
Bought by
Horton Audrey Nichols

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,900
Interest Rate
8.51%

Purchase Details

Closed on
Nov 23, 1994
Sold by
Jue Tommy and Jue Pearl
Bought by
State Street Bank & Trust Company
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chavez Ernesto Mejia $5,000 Title 365
Mejia Miguel Angel $601,500 Orange Coast Title Company
The Anita Khayalian Living Trust -- None Available
Khayalian Anita $385,000 Lsi Title Agency
Aurora Loan Services Llc $400,000 Accommodation
Ckw Holdings Llc 836 N Summit Series -- None Available
Williams I Cecil O -- Financial Title Company
Williams I Cecil O -- Financial Title Company
Williams I Cecil O -- Financial Title Company
Threats Mark M $500,000 --
Horton Audrey Nichols -- --
Horton Audrey Nichols $125,000 Fidelity National Title
State Street Bank & Trust Company $129,600 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mejia Miguel Angel $451,000
Previous Owner Williams I Cecil O $475,000
Previous Owner Threats Mark M $475,000
Previous Owner Horton Audrey Nichols $99,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2015 01/30/15 Sold $601,400 -7.3% $325 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
07/24/2013 07/24/13 For Sale $649,000 -- $351 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,556 $711,455 $533,889 $177,566
2024 $8,556 $697,506 $523,421 $174,085
2023 $8,482 $683,830 $513,158 $170,672
2022 $8,197 $670,423 $503,097 $167,326
2021 $7,867 $657,279 $493,233 $164,046
2019 $7,585 $637,785 $478,604 $159,181
2018 $7,638 $625,280 $469,220 $156,060
2016 $7,384 $601,000 $451,000 $150,000
2015 $5,261 $410,410 $346,451 $63,959
2014 $5,176 $402,372 $339,665 $62,707
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    John Bazerkanian

    RE/MAX

    Section Image
  • Gabriel Albanez

    Buyer's Agent in 2015

    Gabriel Albanez

    Gabriel A. Albanez, Broker

    (323) 228-1693

    4 Total Sales

    Gabriel Albanez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13147171

California Regional Multiple Listing Service (CRMLS)

APN: 5725-012-012

California Los Angeles County Pasadena 91103 Orange Heights

836 N Summit Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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