922 North Summit Avenue
922 North Summit Avenue
Description
Unit Breakdown:Unit 1 (1 Bed, 1 Bath): Generating a monthly income of 1,695. Unit 2 (2 Bed, 1 Bath): Generating a monthly rental income of $2,695. Unit 3 (2 Bed, 1 Bath...Welcome to this exceptional multi-family home in the highly desirable neighborhood of Pasadena! This property boasts a total of 9 bedrooms and 4 bathrooms spread across 4 units, making it a fantastic investment opportunity. Title is showing 7 bedroom, 4 bathroom! Let's delve into the unique features and offerings of this property:
Unit Breakdown:Unit 1 (1 Bed, 1 Bath): Generating a monthly income of 1,695. Unit 2 (2 Bed, 1 Bath): Generating a monthly rental income of $2,695. Unit 3 (2 Bed, 1 Bath plus a den converted into a bedroom): Generating a monthly income of $3,495. Unit 4 (2 Bed, 1 Bath plus a den converted into a bedroom): This unit generates a monthly income of $2,970. This property is upgraded with all-new plumbing and electrical fixtures. You won't have to worry about old pipes or wiring issues – it's all fresh and ready to go! Also the property has received a fresh look with a newly repainted exterior, including the parking lot, in August 2023. Plus, all vinyl fences on the premises are brand new. The middle and back units have recently received a brand-new roof, providing added durability and peace of mind. The owner has committed to taking care of the front unit's roof for the buyer, showcasing a commitment to property maintenance. Each unit is designed to be light and bright, creating a welcoming and comfortable living environment for tenants. The property is equipped with tankless water system, all-new appliances. With a mix of unit sizes and rental incomes, this property presents a great investment opportunity for those looking to expand their real estate portfolio. Don't miss out on this incredible opportunity to own a multi-family home with a blend of versatility, modern amenities, and strong rental potential! Contact me today to schedule a viewing.
- Listed by Miganoush Barfian Namagerdi • DRE #02077818 • Brokerage DRE #01079007 • Coldwell Banker Hallmark • migibarfian@gmail.com
Property Details for 922 North Summit Avenue
Location
Property Details for 922 North Summit Avenue
| Status | Active |
|---|---|
| MLS # | GD24015743 |
| Days on Market | 94 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1896 |
| Lot Size | 0.23 AC / 10,014 SF |
| County | Los Angeles County |
Location
Building Information for 922 North Summit Avenue
Payment Calculator
$12,525 per month
30 year fixed, 7.25% Interest
$12,525
—
$0
Property Information for 922 North Summit Avenue
- Gross Income: $120,720
- Gross Scheduled Income: $10,860
- Net Operating Income: $105,896
- Operating Expense: $800
- Electric Expense: $4,800
- Insurance Expense: $2,500
- Trash Expense: $0
- Water Sewer Expense: $4,500
- Total Expenses: $11,800
- Tax Block: Q
- Tax Tract Number: 016...
- Tax Census Tract: 4620.02
- CFD/Mello-Roos Fee: $1,090
- Tax Lot: 12
- Community Features: Sidewalks
- Laundry: Yes
- Laundry Features: Inside
- Entry Location: main
- Pool Features: None
- Pool: N/K
- Lot Features: 2-5 Units/Acre
- Land Lease: No
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Total Rent: $1,695
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Total Rent: $2,695
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Total Rent: $2,970
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Total Rent: $3,495
- Unit Type Type: 4
- Rent Controlled: Yes
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 3
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 922 North Summit Avenue
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 922 North Summit Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Washington Accelerated Elementary School PublicK to 5 | ||
Octavia E. Butler Magnet School Public6 to 8 | ||
John Muir High School Public9 to 12 | ||
Odyssey Charter School - South CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Coldwell Banker Hallmark, Miganoush Barfian Namagerdi, DRE #02077818
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.