1860 Summit Avenue

Pasadena, CA 91103

$1,230,000
Price
5
Beds
4
Baths
1,655 Sq. Ft.
$743 / Sq. Ft.
1,655
Sq. Ft.
$743
per Sq. Ft.

Description

Cash positive legal duplex with a non-conforming garage conversion studio. Stylish and turnkey. The property is zoned Commercial Residential so you can also run a business there. The property is on a corner lot and thus has two separate addresses. The other address is 150 E. Tremont St. All tenants are strong renters that pay on time and take great care of the premises. The larger unit is 2 bedroom with a finished attic space that is huge and can function as an additional room or office space.Cash positive legal duplex with a non-conforming garage conversion studio. Stylish and turnkey. The property is zoned Commercial Residential so you can also run a business there. The property is on a corner lot and thus has two separate addresses. The other address is 150 E. Tremont St. All tenants are strong renters that pay on time and take great care of the premises. The larger unit is 2 bedroom with a finished attic space that is huge and can function as an additional room or office space.
  1. Listed by Dianna Perez • DRE #01953256 • Brokerage DRE #01223120 • Freemanfoxx Realty • diannam.perez@gmail.com

Property Details for 1860 Summit Avenue

Parking Spaces Total
2
Private Pool
No
Cooling Type
Central Forced Air
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1655
Assessor Parcel Number
5837-009-025
LISTING UPDATED: 12/10/2024 10:34 PM

Property Details for 1860 Summit Avenue

StatusActive
MLS #TR24246929
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1915
Lot Size0.07 AC / 2,974 SF
CountyLos Angeles County

Building Information for 1860 Summit Avenue

Stories2Residences-Year Built1915Building Size-Lot Size0.07 AC / 2,974 SF

Property Information for 1860 Summit Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Other
Income / Expense / Tax Details
Income Details
  • Gross Income: $88,560
  • Gross Scheduled Income: $90,900
  • Net Operating Income: $85,900
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $1,350
  • Garage Income: $16,200
  • Laundry Income: $960
Expense Details
  • Operating Expense: $5,000
  • Gardener Expense: $660
  • Fuel Expense: $80
  • Electric Expense: $1,200
  • Insurance Expense: $2,160
  • Trash Expense: $0
  • Water Sewer Expense: $900
  • Total Expenses: $5,000
Tax / Assessment Info
  • Tax Tract Number: n/a
  • Tax Census Tract: 4615.02
  • CFD/Mello-Roos Fee: $709
  • Tax Lot: 24
Community / Development
Community / Development
  • Community Features: Biking, Curbs
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Oven, Gas Range
  • Equipment: Dishwasher, Other
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: living room
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $45,540
  • Unit Type Pro Forma: 3795
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,350
  • Unit Type Total Rent: $28,200
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $16,200
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 3
  • Number With Carpet: 0
  • Number With Disposal: 2
  • Number With Drapes: 1
  • Number With Patio: 2

Property History for 1860 Summit Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1860 Summit Avenue

Taxable ValueLand$513,137Additions$139,438Total$652,575
Tax Record2024$7,871 ($656 / month)
Home Facts
Total Finished SqFt1,102 SqFtAbove Grade Finished SqFt1,102 SqFtStories1Lot Size2,974 SqFtStyleStoresYear Built1915ZoningPSC-CountyLOS ANGELESAPN5837-009-025

Schools near 1860 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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1860 Summit Avenue is a multi-family home for sale in Pasadena, CA 91103. This property was listed for sale on December 9, 2024 by Freemanfoxx Realty, it's currently listed at $1,230,000. It has been on the market for a total of 8 days and was last sold on April 24, 2018. This listing's school district is Pasadena Unified School District. Nearby schools include Washington Accelerated Elementary School, Octavia E. Butler Magnet School and John Muir High School. 1860 Summit Avenue is a 5-bed, 4-bath, 1,655 sqft multi-family home built in 1915.

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 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 Freemanfoxx Realty, Dianna Perez, DRE #01953256

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.