965 N Summit Ave

$1,550,000
Price
9
Beds
6
Baths
4,275 Sq. Ft.
$363 / Sq. Ft.
4,275
Sq. Ft.
$363
per Sq. Ft.

Description

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...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.

Listing Agent

  1. Sam Shakerchi

    Sam Shakerchi

    Listing Agent

    Compass

    DRE #01868195

    sam.shakerchi@compass.com

    P: (310)-525-0872

Property Details for 965 North Summit Avenue

Zoning
PSR1
Style
California Bungalow
Parcel Number
5728003033
Total Units
6.0
Living Area
4275
Source Living Area
Vendor Enhanced
Area
Pasadena NW (645)
Vacancy Rate
0
LISTING UPDATED: 12/15/2025 04:36 PM

Property Details for 965 North Summit Avenue

StatusPending
MLS #25540149
Days on Market198
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.28 AC / 12,008 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Sam Shakerchi, DRE #01868195
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Building Information for 965 North Summit Avenue

Stories1Residences-Year Built1958Building Size-Lot Size0.28 AC / 12,008 SF

Payment Calculator

$8,254 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,659

Property Taxes

$595

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 965 North Summit Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: As Is, Property Report
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $117,960
  • Net Operating Income: $99,288.00
  • Gross Income: $117,960
  • Gross Rent Multiplier: $14.40
  • Total Annual Expense: 18672
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2757
  • Lot Size Square Feet: 12008
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 12
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: One
  • Cooling: Window Unit(s)
  • Cooling Type: Window Unit(s)
  • Heating: Other
  • Heating Type: Other
  • Equipment: Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-30-2025
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,115.00
  • Unit Actual Rent: $2,115.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,215.00
  • Unit Actual Rent: $1,215.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,430.00
  • Unit Actual Rent: $1,430.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,320.00
  • Unit Actual Rent: $1,430.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $238,964.00
  • Assessed Improvement Percent: 50.77
  • Assessed Land Value: $231,721.00
  • Assessed Land Percent: 49.23
  • Assessed Total Value: $470,685.00

Property History for 965 North Summit Avenue

DateEvent & SourcePriceAppreciation
Dec 14, 2025

Pending

CRMLS #25540149

—
Dec 14, 2025

Pending

CLAW #25540149

—
Oct 30, 2025

Price Change

CRMLS #25540149

$1,550,000—
Oct 30, 2025

Price Change

CLAW #25540149

$1,550,000—
Sep 18, 2025

Price Change

CLAW #25540149

$1,595,000—
Sep 18, 2025

Price Change

CRMLS #25540149

$1,595,000—
May 30, 2025

Listed (Active)

CRMLS #25540149

$1,699,000—
May 30, 2025

Listed (Active)

CLAW #25540149

$1,699,000—
Apr 30, 2025

Expired

CRMLS #24471701

—
Apr 30, 2025

Expired

CLAW #24-471701

$1,926,000—
Mar 5, 2025

Price Change

CRMLS #24471701

$1,926,000—
Dec 12, 2024

Listed (Active)

CRMLS #24471701

$2,150,000—
Dec 12, 2024

Listed (Active)

CLAW #24-471701

$2,150,000—
Sep 29, 2001

Expired

CLAW #S302649MR

—
Sep 29, 2001

Expired

CRMLS #S302649

$350,000—
Sep 27, 2001

Expired

CLAW #01-025817

$350,000—
Jul 26, 2001

Sold (Public Record)

Public Record #75244215

$325,000—
Jun 15, 2001

Sold

CLAW #R13383MR

$325,000—
Jun 15, 2001

Sold

CRMLS #R13383

$325,000—
Jun 15, 2001

Sold

CRMLS #CC225715

$325,000—
May 21, 2001

Pending

CRMLS #R13383

—
May 21, 2001

Pending

CLAW #R13383MR

—
Apr 27, 2001

Listed (Active)

CLAW #01-025817

$350,000—
Apr 27, 2001

Listed (Active)

CLAW #R13383MR

$350,000—
Apr 27, 2001

Listed (Active)

CRMLS #R13383

$350,000—
Apr 27, 2001

Listed (Active)

CLAW #S302649MR

$350,000—
Apr 27, 2001

Listed (Active)

CRMLS #CC225715

$350,000—
Apr 27, 2001

Listed (Active)

CRMLS #S302649

$350,000—
DateEvent & SourcePrice
12/14/2025

Pending

CRMLS #25540149

—
12/14/2025

Pending

CLAW #25540149

—
10/30/2025

Price Change

CRMLS #25540149

$1,550,000
10/30/2025

Price Change

CLAW #25540149

$1,550,000
09/18/2025

Price Change

CLAW #25540149

$1,595,000
09/18/2025

Price Change

CRMLS #25540149

$1,595,000
05/30/2025

Listed (Active)

CRMLS #25540149

$1,699,000
05/30/2025

Listed (Active)

CLAW #25540149

$1,699,000
04/30/2025

Expired

CRMLS #24471701

—
04/30/2025

Expired

CLAW #24-471701

$1,926,000
03/05/2025

Price Change

CRMLS #24471701

$1,926,000
12/12/2024

Listed (Active)

CRMLS #24471701

$2,150,000
12/12/2024

Listed (Active)

CLAW #24-471701

$2,150,000
09/29/2001

Expired

CLAW #S302649MR

—
09/29/2001

Expired

CRMLS #S302649

$350,000
09/27/2001

Expired

CLAW #01-025817

$350,000
07/26/2001

Sold (Public Record)

Public Record #75244215

$325,000
06/15/2001

Sold

CLAW #R13383MR

$325,000
06/15/2001

Sold

CRMLS #R13383

$325,000
06/15/2001

Sold

CRMLS #CC225715

$325,000
05/21/2001

Pending

CRMLS #R13383

—
05/21/2001

Pending

CLAW #R13383MR

—
04/27/2001

Listed (Active)

CLAW #01-025817

$350,000
04/27/2001

Listed (Active)

CLAW #R13383MR

$350,000
04/27/2001

Listed (Active)

CRMLS #R13383

$350,000
04/27/2001

Listed (Active)

CLAW #S302649MR

$350,000
04/27/2001

Listed (Active)

CRMLS #CC225715

$350,000
04/27/2001

Listed (Active)

CRMLS #S302649

$350,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 965 North Summit Avenue

Taxable ValueLand$236,355Additions$243,743Total$480,098
Tax Record2025$7,137 ($595 / month)
Home Facts
Total Finished SqFt4,275 SqFtAbove Grade Finished SqFt4,275 SqFtLot Size12,004 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningPSR1CountyLOS ANGELESAPN5728-003-033

Schools near 965 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Sam Shakerchi, DRE #01868195

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.