Seller's Agent in 2022
Gary Tolfa
Triqor Group
(949) 756-3232
2 in this area
11 Total Sales
839 N Summit Ave Pasadena, CA 91103
Orange Heights Neighborhood
3
Beds
2
Baths
8,902
Sq Ft
0.34
Acre Lot
Highlights
- 0.34 Acre Lot
- Rectangular Lot
- 1-Story Property
- Hiking Trails
About This Home
As of June 2022Presenting the opportunity to acquire Summit Apartments, an excellent value-add apartment building situated in the Villa Parke community of Pasadena. The property offers a mix of one and two-bedroom units with amenities such as new laminate wood flooring and balconies. The apartment building is a gated community and features a laundry room, covered parking, and copper plumbing. This property offers an investor the opportunity to acquire a 1989 constructed asset with approximately 20% upside in rents, a current cap rate of 4.2%, and a market cap rate of 5.7%.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1989
Lot Details
- 14,992 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
- Density is 2-5 Units/Acre
Home Design
- Apartment
Interior Spaces
- 8,902 Sq Ft Home
- 1-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 23 Parking Spaces
- 23 Carport Spaces
Additional Features
- Exterior Lighting
- Suburban Location
- Conventional Septic
Listing and Financial Details
- Legal Lot and Block 54 / U
- Assessor Parcel Number 5725011017
- $2,868 per year additional tax assessments
Community Details
Overview
- 14 Units
- Valley
Amenities
- Laundry Facilities
Recreation
- Hiking Trails
Building Details
- Operating Expense $78,594
- Gross Income $241,553
- Net Operating Income $162,959
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
Mar 9, 2022
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
$1,750,000
Interest Rate
0.0511%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 11, 2016
Closed on
Oct 4, 2016
Sold by
Bought by
Seller's Agent
Kevin Lee
Coldwell Banker Envision
Buyer's Agent
Kevin Lee
Coldwell Banker Envision
List Price
$2,550,000
Sold Price
$2,550,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
0.0344%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 6, 2012
Closed on
Oct 29, 2012
Sold by
Bought by
Seller's Agent
Phoebe Chen Huang
Field Investment Corporation
Buyer's Agent
Kevin Lee
Coldwell Banker Envision
List Price
$1,880,000
Sold Price
$1,828,000
Premium/Discount to List
-$52,000
-2.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$1,188,200
Interest Rate
0.0334%
Mortgage Type
Commercial
Purchase Details
Closed on
May 24, 2005
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
$1,221,500
Interest Rate
0.0572%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 4, 2004
Sold by
Bought by
Purchase Details
Closed on
Jul 13, 2004
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
$1,015,000
Interest Rate
0.0594%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 29, 2000
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
$343,125
Interest Rate
0.0775%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 10, 1995
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $3,800,000 | First American Title Company O | ||
| $2,550,000 | Ticor Title Company | ||
| -- | First American Title Company | ||
| $1,828,000 | Fatcola | ||
| $1,745,000 | Chicago Title | ||
| -- | -- | ||
| $1,450,000 | Ctc | ||
| -- | First American Title Co | ||
| $458,000 | First American Title Co | ||
| $400,000 | Chicago Title Insurance 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 |
|---|---|---|---|
| Closed | $1,750,000 | ||
| Closed | $1,275,000 | ||
| Closed | $1,188,200 | ||
| Closed | $1,221,500 | ||
| Closed | $1,015,000 | ||
| Closed | $343,125 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 06/02/2022 06/02/22 | Sold | $3,800,000 | -1.3% | $427 / Sq Ft | |
| 03/08/2022 03/08/22 | Pending | -- | -- | -- | |
| 03/02/2022 03/02/22 | For Sale | $3,850,000 | 0.0% | $432 / Sq Ft | |
| 01/28/2022 01/28/22 | Pending | -- | -- | -- | |
| 01/12/2022 01/12/22 | For Sale | $3,850,000 | +51.0% | $432 / Sq Ft | |
| 10/13/2016 10/13/16 | Sold | $2,550,000 | 0.0% | $286 / Sq Ft | View Prior Sale |
| 08/11/2016 08/11/16 | Price Changed | $2,550,000 | 0.0% | $286 / Sq Ft | |
| 08/11/2016 08/11/16 | For Sale | $2,550,000 | 0.0% | $286 / Sq Ft | |
| 03/18/2016 03/18/16 | Off Market | $2,550,000 | -- | -- | |
| 03/07/2016 03/07/16 | For Sale | $2,350,000 | +28.6% | $264 / Sq Ft | |
| 11/19/2012 11/19/12 | Sold | $1,828,000 | -2.8% | $205 / Sq Ft | View Prior Sale |
| 09/10/2012 09/10/12 | Pending | -- | -- | -- | |
| 08/01/2012 08/01/12 | For Sale | $1,880,000 | -- | $211 / 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 | $48,594 | $4,032,589 | $3,024,442 | $1,008,147 |
| 2024 | $46,438 | $3,953,520 | $2,965,140 | $988,380 |
| 2023 | $46,058 | $3,876,000 | $2,907,000 | $969,000 |
| 2022 | $33,468 | $2,788,796 | $1,695,150 | $1,093,646 |
| 2021 | $32,113 | $2,734,114 | $1,661,912 | $1,072,202 |
| 2019 | $30,940 | $2,660,630 | $1,612,620 | $1,048,010 |
| 2018 | $31,438 | $2,608,610 | $1,581,000 | $1,027,610 |
| 2016 | $23,720 | $1,901,549 | $1,040,235 | $861,314 |
| 2015 | $23,453 | $1,872,987 | $1,024,610 | $848,377 |
| 2014 | $23,046 | $1,836,299 | $1,004,540 | $831,759 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Tolfa
-
Kevin Lee
Seller's Agent in 2016
Kevin Lee
Coldwell Banker Envision
(626) 975-2521
75 Total Sales
-
Phoebe Chen Huang
P
Seller's Agent in 2012
Phoebe Chen Huang
Field Investment Corporation
(626) 786-8828
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22006892
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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
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