$10,000 Closing Credit¹
#P1-22668, Jeffrey Rimerman, Listing office: Coldwell Banker Realty
#AR25052991·
Listing office: Coldwell Banker Realty Pasadena·
Listing agent: Robert Ip·
Listing office phone: 626-394-2527
$999,999 List price
842 N Summit Ave Pasadena, CA 91103
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 842 N Summit Ave
PRICE REDUCTION OF $125,000. This five-unit multi-family property offers a rare investment opportunity in one of Pasadena’s most desirable neighborhoods. Built in 1950, the property features six bedrooms and six bathrooms across 2,894 square feet of living space on a spacious 10,000- square-foot lot. With an annual gross rental revenue of approximately $80,000 and a net yearly income of around $50,000, this asset delivers strong cash flow. It has ample parking with approximately 9 private parking spaces and AC in each unit, enhancing tenant appeal. Investors may choose to maintain the property as a turnkey income generator or explore potential value-add improvements to further enhance rental income. Ideally located near Old Town Pasadena, the Rose Bowl, and key amenities, this property is perfect for 1031 exchange buyers, investors, or those looking to expand their rental portfolio.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
Lot size0.2298 Acres
Year built1950
MLS #AR25052991
Summary
- Private Pool: No
- Heating: Central
- List Price: $999,999
- Annual Tax Amount: $9,708
- Tax Year: 2024
- Directions: South of Mountain Street
- Year Built: 1950
- Stories: 1
- Lot Size: 0.2298 Acres
- MLS Number: AR25052991
- MLS Name: CRMLS
- Office Name: Coldwell Banker Realty Pasadena
- Office Phone: (626) 394-2527
- Listing Agent: Robert Ip
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/21/2025, 3:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$999,999
842 N Summit Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 28, 2012 | Home Sold | $635,000 |
| Aug 19, 2011 | Home Sold | $500,000 |
| Jan 22, 2001 | Home Sold | $225,000 |
| Nov 02, 1988 | Home Sold | $245,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $766,615 | $9,708 |
| 2023 | $751,584 | $9,625 |
| 2022 | $736,848 | $9,309 |
| 2021 | $722,401 | $8,938 |
| 2020 | $714,994 | $8,624 |
| 2019 | $700,976 | $8,628 |
| 2018 | $687,232 | $8,523 |
| 2017 | $673,757 | $8,523 |
History based on county public records data.
Nearby schools
4
James Madison Elementary School
Public District KG-5
0.4 mi
•515 E Ashtabula St
3
Washington Elementary STEM Magnet School
Public District KG-5
0.8 mi
•1520 N Raymond Ave
6
Longfellow Magnet School
Public District KG-5
1.2 mi
•1065 E Washington Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $19,808. Typical income of Pasadena, CA residents is less than $<35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
66%
<35k
31%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
39%
Single, No Kids
25%
Single, with Kids
12%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
12%
12-17 yrs old
28%
18-34 yrs old
34%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
H&M
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
Boston Market
Jack In The Box
What do the neighbors drive?
Dodge
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 842 N Summit Ave
The listing price of 842 N Summit Ave property is $999,999.
The property 842 N Summit Ave is a condo located in Pasadena, California, 91103.
Active Listing: 842 N Summit Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 842 N Summit Ave are: James Madison Elementary School (GreatSchools Rating 4/10), Washington Elementary STEM Magnet School (GreatSchools Rating 3/10), Longfellow Magnet School (GreatSchools Rating 6/10), Octavia E. Butler Magnet Middle School (GreatSchools Rating 4/10), Ocs - South (GreatSchools Rating 8/10), McKinley Arts School (GreatSchools Rating 3/10), John Muir High School (GreatSchools Rating 5/10), Rose City High (Continuation) (GreatSchools Rating 2/10), Marshall Fundamental (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $9,708 (source: MLS/based on county public records data).
The last sale was on September 28, 2012 for $635,000 (source: MLS/tax record).
The property at 842 N Summit Ave has 0 bathroom.
The year of construction for 842 N Summit Ave is 1950.
This home is located at 842 N Summit Ave in Pasadena, CA and zip code 91103 in the The Verdugos neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 11, 2025 and is currently priced at $999,999.
Over 55 listings were sold over their listed price in May 2025 in Pasadena, CA. In the same period over 28 listings were sold below the listed price and 18 listings were sold for the listed price. The number of listings in Pasadena, CA increased by 6.6% between April and May 2025. Listings spent 31 days on the market in May 2025, and had a median list price of $1,223,333 during the same period.
From Rocket Homes Real Estate and based on county public records data.