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    965 N Summit Ave Pasadena, CA 91103

    Sponsored
    For Sale
    Pending
    $1,550,000

    MULTI_FAMILY - Pasadena, CA

    Property size:
    4,275 SF
    Lot size:
    0.28 Acres
    Days on Market:
    22
    Last Refresh:
    Jan 5 at 9:06 am

    Property Features for 965 N Summit Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    PSR1
    Rooms
    Bedroom 5, Bathroom 5, Bedroom 8, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 6, Bathroom 4, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 9
    Bedrooms
    9
    Bathrooms
    6
    APN
    5728-003-033
    Parking
    12
    Parking features
    Carport
    Size
    4,275 SF
    Lot size
    0.28 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1958
    Floors in Building
    1
    Number of units
    6

    Compass

    Listing agent Sam Shakerchi (310) 230-5478 License #01868195

    Listing date Dec 15, 2025

    MLS# 25540149 Listing URL

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pasadena Multifamily Income Property

    Located in Pasadena, California, this residential income property features two buildings, each containing three units, situated on a 12,008 square foot lot. The property comprises a total of six units: three units with two bedrooms and one bathroom, and three units with one bedroom and one bathroom, totaling 4,275 square feet. Zoned PSR1, the property presents a value-add multifamily opportunity with potential for additional development, including the possibility of constructing three or more Accessory Dwelling Units (ADUs), subject to buyer verification. The property is located in a strong rental area, with convenient access to transit options, amenities, and the 210 freeway. This offering is suitable for investors seeking income, development potential, or a 1031 exchange opportunity. One of the two-bedroom units will be delivered vacant at the close of escrow. The property is an apartment building, multifamily property, and residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.148031
    Latitude
    34.162557

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    FAQs

    What type of property is this?
    Apartment building - Six-unit residential income property in prime Pasadena location.
    Where is this apartment building located?
    The property is located at 965 N Summit Ave Pasadena, CA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Value-add opportunity with **30% rental upside**.; - Potential to build 3+ ADUs (buyer to verify).; - **One 2 bed + 1 bath unit delivered vacant**.
    (310) 230-5478
    Request Owner's contact information
    965 N Summit Ave Pasadena, CA 91103
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    Pasadena, CA 91103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    965 N Summit Ave Pasadena, CA 91103
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