940 North Summit Avenue
940 North Summit Avenue
$1,225,000
6
3
1,826
1,826
$671
Sold 5/21/20
Description
We are proud to present the unique opportunity to own a turn-key 3-unit property located at 940 N Summit Avenue in Pasadena, California. The offering sits on a huge 10,017 SF lot with 1,826 SF of building area and is comprised of a great mix of all 2-bed/1-bath units. The property has been meticulously rehabbed throughout with a brand new roof, new landscaping, drip system, new a/c and heating, new kitchens, cabinets, stainless steel appliances, flooring, windows & doors, bathrooms, showers, etc....We are proud to present the unique opportunity to own a turn-key 3-unit property located at 940 N Summit Avenue in Pasadena, California. The offering sits on a huge 10,017 SF lot with 1,826 SF of building area and is comprised of a great mix of all 2-bed/1-bath units. The property has been meticulously rehabbed throughout with a brand new roof, new landscaping, drip system, new a/c and heating, new kitchens, cabinets, stainless steel appliances, flooring, windows & doors, bathrooms, showers, etc. The property will be delivered with 2 vacant units that are completely rent ready allowing an investor to either owner-occupy or rent to tenants of their choosing at market rents. Since the property has less than 5 units, an investor can lock in a 30-year fixed-rate residential loan with today's very low interest rates (even more favorable if one chooses to owner occupy).
- Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 940 North Summit Avenue
Zoning
PSR1
Parcel Number5729016016
Total Units3.0
Living Area1826
Source Living AreaVendor Enhanced
AreaPasadena NW (645)
Vacancy Rate3%
Lot Size Area10018
Location
LISTING UPDATED: 05/21/2020 07:20 PM
Property Details for 940 North Summit Avenue
Status | Sold |
---|---|
MLS # | 19-524372 |
Days on Market | 130 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1963 |
Lot Size | 0.23 AC / 10,018 SF |
County | Los Angeles County |
Location
Building Information for 940 North Summit Avenue
Stories1Residences-Year Built1963Building Size-Lot Size0.23 AC / 10,018 SF
Payment Calculator
$6,746 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 940 North Summit Avenue
Property History for 940 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.
Public Records for 940 North Summit Avenue
Taxable ValueLand$840,942Additions$446,750Total$1,287,692
Tax Record2023$736 ($61 / month)
Home Facts
Total Finished SqFt1,826 SqFtAbove Grade Finished SqFt1,826 SqFtLot Size10,018 SqFtStyleTriplexYear Built1963ZoningPSR1CountyLOS ANGELESAPN5729-016-016
Schools near 940 North Summit Avenue
This home is within Pasadena Unified School District.
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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