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.
For sale
Price cut: $45K (10/30)
$1,550,000
965 N Summit Ave, Pasadena, CA 91103
9beds
6baths
4,275sqft
Est.:
Multi Family
Built in 1958
-- sqft lot
$-- Zestimate®
$363/sqft
$-- HOA
What's special
- 195 days |
- 317 |
- 16 |
Zillow last checked: 8 hours ago
Listing updated: October 30, 2025 at 09:06am
Listed by:
Sam Shakerchi DRE # 01868195 310-525-0872,
Compass 310-230-5478
Source: CLAW,MLS#: 25540149
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
Heating
- Other
Cooling
- Window Unit(s)
Appliances
- Included: Range/Oven, Refrigerator
Interior area
- Total structure area: 4,275
- Total interior livable area: 4,275 sqft
Property
Parking
- Total spaces: 12
- Parking features: Carport
- Has carport: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.28 Acres
Details
- Additional structures: None
- Parcel number: 5728003033
- Zoning: PSR1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: California Bungalow
- Property subtype: Multi Family
Condition
- Year built: 1958
Community & HOA
Location
- Region: Pasadena
Financial & listing details
- Price per square foot: $363/sqft
- Tax assessed value: $470,685
- Annual tax amount: $7,137
- Date on market: 5/30/2025
Estimated market value
Not available
Estimated sales range
Not available
$4,210/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/30/2025 | Price change | $1,550,000-2.8%$363/sqft |
Source: | ||
| 9/19/2025 | Price change | $1,595,000-6.1%$373/sqft |
Source: | ||
| 5/30/2025 | Listed for sale | $1,699,000-11.8%$397/sqft |
Source: | ||
| 5/1/2025 | Listing removed | $1,926,000$451/sqft |
Source: | ||
| 3/6/2025 | Price change | $1,926,000-10.4%$451/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,137 +6% | $480,098 +2% |
| 2024 | $6,735 +0.9% | $470,685 +2% |
| 2023 | $6,677 +3.2% | $461,457 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$9,655/mo
Principal & interest
$7614
Property taxes
$1498
Home insurance
$543
Climate risks
Neighborhood: North Central
Nearby schools
GreatSchools rating
- 6/10Washington Accelerated Elementary SchoolGrades: K-5Distance: 0.7 mi
- 4/10Octavia E. Butler Magnet SchoolGrades: 6-8Distance: 0.7 mi
- 4/10John Muir High SchoolGrades: 9-12Distance: 1.3 mi
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