#24456721, Alexander Metaxas, Listing Office: Realty Investment Advisors, Inc.
$10,000
closing credit¹
965 N Summit Ave Pasadena, CA 91103
$2,150,000 List price
$10,000
Closing credit¹
9 beds
6 baths
4,275 sqft
0.3 acres
$503 / sqft
House
Property details
About 965 N Summit Ave
Looking for an investment with exceptional growth potential? This 6-unit apartment building in sought-after Pasadena offers an incredible opportunity to enhance your returns. Located in a prime area with a robust rental market, the property features under-market rents, providing approximately 30% upside potential. With light renovations, you can increase rents and boost property value. Additionally, the property allows for the addition of three ADUstwo detached and one partially attached to an existing structureoffering even more income potential. Pasadena's strong job market ensures a reliable tenant base, while the CAP rate will vary depending on the final property tax assessment. Don't miss this chance to invest in a high-demand location with room for significant value growth.
Highlights
Home typeOther
StatusActive
Size4,275 sqft
Lot size0.2757 Acres
Year built1958
ParkingCarport, Guest, One Space
MLS #24471701
Summary
- MLS Number: 24471701
- MLS Name: CRMLS
- Office Name: Compass
- Office Phone: (310) 230-5478
- Listing Agent: Sam Shakerchi
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: 2/2/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,150,000
965 N Summit Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 26, 2001 | Home Sold | $325,000 |
| Jan 05, 1990 | Home Sold | $350,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $470,685 | $6,735 |
| 2023 | $461,457 | $6,677 |
| 2022 | $452,410 | $6,471 |
| 2021 | $443,540 | $6,212 |
| 2020 | $438,994 | $6,010 |
| 2019 | $430,387 | $5,940 |
| 2018 | $421,949 | $5,861 |
| 2017 | $413,676 | $5,861 |
History based on county public records data.
Nearby schools
4
Madison Elementary School
Public District PK-5
0.5 mi
•515 E Ashtabula St
3
Washington Elementary School
Public District PK-5
0.6 mi
•1520 N Raymond Ave
6
Longfellow Elementary School
Public District PK-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 $43,892. Residents of Pasadena, CA typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
40%
<35k
46%
35k-100k
10%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
36%
Single, No Kids
25%
Single, with Kids
9%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
11%
12-17 yrs old
33%
18-34 yrs old
32%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
H&M
Burlington
Where do the neighbors go to eat?
Jack In The Box
Boston Market
White Castle
What do the neighbors drive?
Nissan
Honda
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 965 N Summit Ave
This home is located at 965 N Summit Ave in Pasadena, CA and zip code 91103 in the The Verdugos neighborhood. This 4,275 square foot home, which was built in 1958, sits on a 0.28 acre lot. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $2,150,000.
While more than 22 listings in Pasadena, CA in January 2025 were sold above asking price, there were more than 9 listings sold at asking price, and more than 23 were sold below. In January 2025 in Pasadena, CA there were 16.2% more homes for sale than in December. While the average time on the market in January 2025 was 47 days, the median list price was $1,218,933.
From Rocket Homes Real Estate and based on county public records data.