965 N Summit Ave Pasadena, CA 91103
Orange Heights NeighborhoodEstimated payment $8,658/month
About This Home
REDUCED and ready to sell! 6 Units for sale in Prime Pasadena. One of the 2+1's units is vacant. Two Buildings consisting of 3 units per building. Both buildings sit on a large 12,008 SF lot. Excellent value-add multifamily opportunity that features (6) total units: Three 2bed +1 bath, three 1bed +1 bath units and there is room to build 3+ ADUs (buyer to verify). Rents are currently on the lower side so there's about 30% upside to be had and one of the 2+1's will be delivered vacant at COE. Located in a strong rental area near transit, amenities, & the 210 freeway. A great option for investors seeking income, development potential, or a 1031 exchange opportunity. Projected GRM after Value-Add is a very low 9.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Home Design
- Bungalow
Interior Spaces
- 4,275 Sq Ft Home
- 1-Story Property
- Oven or Range
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Parking
- 12 Parking Spaces
- Carport
Additional Features
- 0.28 Acre Lot
- Window Unit Cooling System
Community Details
- 2 Buildings
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 5728-003-033
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 | $6,735 | $480,098 | $236,355 | $243,743 |
| 2024 | $6,735 | $470,685 | $231,721 | $238,964 |
| 2023 | $6,677 | $461,457 | $227,178 | $234,279 |
| 2022 | $6,471 | $452,410 | $222,724 | $229,686 |
| 2021 | $6,212 | $443,540 | $218,357 | $225,183 |
| 2019 | $6,010 | $430,387 | $211,882 | $218,505 |
| 2018 | $5,941 | $421,949 | $207,728 | $214,221 |
| 2016 | $5,695 | $405,565 | $199,662 | $205,903 |
| 2015 | $5,629 | $399,474 | $196,663 | $202,811 |
| 2014 | $5,562 | $391,650 | $192,811 | $198,839 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/14/2025 12/14/25 | Pending | -- | -- | -- |
| 10/30/2025 10/30/25 | Price Changed | $1,550,000 | -2.8% | $363 / Sq Ft |
| 09/19/2025 09/19/25 | Price Changed | $1,595,000 | -6.1% | $373 / Sq Ft |
| 05/30/2025 05/30/25 | For Sale | $1,699,000 | -- | $397 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Individual Deed | $325,000 | First American Title Co | |
| Gift Deed | -- | First American Title Co | |
| Gift Deed | -- | Benefit Land Title | |
| Gift Deed | -- | Benefit Land Title | |
| Gift Deed | -- | -- | |
| Quit Claim Deed | -- | Chicago Title | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | Investors Title Company | |
| Trustee Deed | $192,300 | Investors Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $230,370 | Commercial | |
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $55,000 | Commercial | |
| Previous Owner | $160,000 | Commercial |
Source: The MLS
MLS Number: 25540149
APN: 5728-003-033
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