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1196 N Summit Ave Pasadena, CA 91103

$748,000 Sold Price as of 11/27/2019

9 Beds
6 Baths
2,352 Sq.Ft.

Sold

$748,000 Sold Price as of 11/27/2019 Refinance Your Mortgage

Map preview of 1196 N Summit Ave, Pasadena, CA 91103

Property Overview: 1196 N Summit Ave Pasadena, CA has 9 bedrooms, 6 bathrooms, 2,352 living square feet and 9,991 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great 3 units investment opportunity. There are 2 units in the front building. Each unit consists of 2 bedrooms and 1 bath, living room, kitchen and dining area. Rear house is a two story with 1 bedroom and 1 bath, living room, kitchen and dining area. There are two enclosed 1-car garage plus other parking and storage room.

Listed by Charles Picker | BRE #00414181 | I.X.A.

Last checked: 16 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 218

Home details

Lot Sq. Ft: 9,991
HOA Dues: $0/mo
Year built: 1924
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19445746
City: Pasadena
County: Los Angeles
Time on Site: 1397 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2
# of Electric Meters: 3
# of Gas Meters: 3
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $865
Total Rent: $865
Pro Forma/Market Rent: $1,000

Unit Breakdown 2

# of Units: 2
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $750
Total Rent: $750
Pro Forma/Market Rent: $1,000

Unit Breakdown 3

# of Units: 3
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $3,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 15.83
Gross Scheduled Income: --
Net Operating Income: $51,333
Gross Operating Income: $60,000
Improvements Total: $155,195

Annual Expense Breakdown

Total Operating Expense: --
Trash: $635
Insurance: $790
Maintenance: $1,200
Water/Sewer: $1,382

Property Details for 1196 N Summit Ave

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Laundry Information

Has Laundry
Gas & Electric Dryer Hookup

Lot Details / Garage and Parking

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 3
Parcel Number: 5729014006

Location / Neighborhood

Location Information

Directions: North on Fairoaks Ave., Go east on Claremont St. and go south on Summit Ave.

View more facts & features

Local Pasadena Agent

Sale History for 1196 N Summit Ave

Last sold for $748,000 on November 27th, 2019

November, 2019
Nov 27, 2019

Date

Sold

CRMLS: 19445746

$748,000

Price
Nov 5, 2019

Date

Pending

CRMLS: 19445746

$798,000

Price
Oct 23, 2019

Date

Active Under Contract

CRMLS: 19445746

$798,000

Price
Jul 18, 2019

Date

Active

CRMLS: 19445746

$798,000

Price
Jul 1, 2019

Date

Active Under Contract

CRMLS: 19445746

$798,000

Price
May 14, 2019

Date

Price Change

CRMLS: 19445746

$798,000

Price
Mar 22, 2019

Date

Price Change

CRMLS: 19445746

$885,000

Price
Mar 21, 2019

Date

Active

CRMLS: 19445746

$950,000

Price
November, 2019
Nov 27, 2019

Date

Sold (Public Records)

Public Records

$748,000

Price

Tax History for 1196 N Summit Ave

Assessed Value (2020): $748,000

Year	Land Value	Improved Value	Assessed Value
2020	$525,000	$223,000	$748,000

Home Value Compared to the Market

This property vs the competition

1196 N Summit Ave sold on November 27, 2019 for 36.16% lower than the current median sold price for the city of Pasadena which is $1,250,000. The median sold price per/sqft for Pasadena is $763 and this home is sold at $339.29 per/sqft which puts the price per square foot 55.53% lower than the current median sale per square foot for the city of Pasadena.

About 1196 N Summit Ave

Detailed summary of property

1196 N Summit Ave is a multi family that recently sold in Pasadena, CA 91103. This multi family property offered 9 bedrooms, 6 bathrooms, roughly 2,352 living square feet, and sits on an approximately 9,991 square foot lot. 1196 N Summit Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $748,000. Home in Pasadena are selling for a median price of $1,250,000 and a median price per square foot of $763. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 36.16% lower than the current median priced home. Local homes that are currently for sale include 3149 Fairmount St, 3132 Fairmount St and 3035 Winter St. While the average home in Pasadena, CA is selling in 51 days, 1196 N Summit Ave has a days on market of 218 days. There are currently 278 homes for sale in the Pasadena real estate market and 169 of them are single family homes while 83 of them are condos and 26 are townhomes. For more information on this home for sale at 1196 N Summit Ave Pasadena, CA 91103 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1196 N Summit Ave

Public county record property details

Beds: 5
Baths: 4
Year built: 1924
Sq. Ft.: 2,352
Lot Size: 9,990
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 5729-014-006

The source for these homes facts are from public records.

91103 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,049,000

Median List Price/Sq.Ft.

$784

Median Sold Price

$1,129,000

Median Sold Price/Sq.Ft.

$776

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (26.67%), FHA (0%), VA (0%), Cash (33.33%), Other (26.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.