Active

1104 N Lake Avenue

Pasadena, CA 91104

$1,195,000 $5,038/Mo

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Overview

Bed

Bath

2,087

Sqft

8,612

Sqft(Lot)

Description

REDEVELOPMENT OPPORTUNITY: Here is a rare opportunity to acquire a prime infill site in the heart of the newly adopted North Lake Specific Plan (NLSP). This 8,618 SF parcel sits within the high-growth Washington Place subarea, designated for Washington Mixed-Use (NLSP-WMU). Zoning also allows for a Residential Care Facility for the Elderly. The site currently features a well-maintained 3-unit residential with a 4th non-conforming dwelling, providing immediate cash flow during the entitlement process. The true value lies in the Maximum Build-Out Potential. Under current NLSP standards, the site supports a base density of 48 units per acre (approx. 10 units). By utilizing the State Density Bonus (AB 1287/SB 1818), developers can achieve an estimated 15-20 units with a 4-story 'Wedding Cake' structure. Property next door at 1112 N. Lake after adding a 749 square feet ADU is now worth per Zillow Zestimate $1,636,900. Boasting a 'Very Walkable' score, the site is steps from Washington Park, the historic Bungalow Heaven district, and the thriving retail nodes of Washington Blvd. It serves as a critical link to the Metro A Line (Lake Station), making it a 'Transit-Priority Area' (TPA) that qualifies for significant parking reductions and expedited CEQA processing.Position your portfolio at the leading edge of Pasadena's most significant urban redesign in decades. 1104 N. Lake Ave is not just a lot; it's the future of North Pasadena.

Property Details

Property Type : Residential Income

Price : $1,195,000

AD Id : 76122816

MLS Id : P1-26233

Lot Size : 8,612 Sqft

Living Area Size : 2,087

Year Built : 1951

County : Los Angeles

Subdivision: Fallbrook

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source: Public Sewer: Public Sewer,Sewer Tap Paid
Interior Features

Roof: Shingle Exterior Property Features: Awning(s) Interior Features: All Bedrooms Down Property Appliances: Gas Range,Refrigerator,Water Heater,Dryer Fireplace: None Flooring: Carpet,Tile,Wood
Cooling Features

Wall/Window Unit(s) Air Conditioning

Heating Source

Natural Gas Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1951 Building Area Total: 2,087 Construction: Frame,Stucco Roof: Shingle
Exterior Features

Awning(s)

Foundation

Raised
Accessibility Features

Parking

Pool Features

None

Laundry Features

Common Area,Laundry Room,See Remarks

Fencing

Fair Condition,Wood

Lot Details

Lot Dimensions Source: Assessor Lot Size Acres: 0.1977 Lot Size Dimensions: 50 x 171
Lot Size Source: Assessor Lot Size Square Feet: 8612

Listing Price Information

Original List Price: 1,195,000 Listing Contract Date: 2026-03-12
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5740014005 Annual Tax: 11132

Garage and Parking

Garage Description: Assigned,Driveway,Paved

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: None,See Remarks

Other Property Info

Source Listing Status: Active Source Neighborhood: 646 - Pasadena (NE) Directions: From the 210 Freeway get off at Lake Ave., go north past Mountain Street, the property will be on the right side. Zoning: PSC -NLSP Source Property Type: Residential Income Area: 646 - Pasadena (NE) Property SubType: Mixed Use
Building and Construction

Property Age: 75 Common Walls: 2+ Common Walls Property Condition: Repairs Cosmetic Structure Type: Mixed Use Year Built Source: Assessor Property Attached: Yes Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2417 E Dudley Street, Pasadena, CA, 91104	$1,500,000	4	2	1,653	1,653 SqFt
2326 Galbreth, Pasadena, CA, 91104	$1,699,000	4	3	1,813	1,813 SqFt
2209 Queensberry, Pasadena, CA, 91104	$1,400,000	4	3	1,460	1,460 SqFt
2285 E Orange Grove, Pasadena, CA, 91104	$2,250,000	4	1	3,232	3,232 SqFt
2080 E Washington Boule.., Pasadena, CA, 91104	$1,175,000	4	--	2,096	2,096 SqFt
2270 E Orange Grove Bou.., Pasadena, CA, 91104	$1,675,000	3	1	1,766	1,766 SqFt
1836 N Allen, Pasadena, CA, 91104	$2,838,000	--	--	5,959	5,959 SqFt
2185 Paloma, Pasadena, CA, 91104	$1,875,000	3	3	1,448	1,448 SqFt
1932 E Washington Boule.., Pasadena, CA, 91104	$1,424,000	5	3	2,376	2,376 SqFt
1961 Queensberry Road, Pasadena, CA, 91104	$1,125,000	3	1	1,031	1,031 SqFt

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ByOwner last updated this listing 06/10/2026 @ 16:59

MLS: P1-26233 LISTED BY: Baron Castillo, Apartment Building Investments 818-605-2626 SOURCE: CRMLS