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1157 1165 Lake Avenue

Pasadena, CA 91104
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Bed 0

Bed

Bath 0

Bath

SqFt4,608

Sqft

SqFt21,106

Sqft(Lot)

Exceptional value-add investment opportunity in highly desirable Pasadena, ideally located just north of Mountain Street along vibrant Lake Avenue. This 1922 Spanish-style quadruplex features four spacious 2-bedroom, 1-bath units with an attractive unit mix ideal for strong long-term rental demand.Each unit offers generous layouts with timeless architectural charm, including hardwood floors, original built-ins, formal dining rooms, and breakfast nooks. Select system updates include portions of upgraded electrical, copper plumbing plus in-unit laundry hookups that add convenience and tenant appeal.The property includes a large shared backyard, four single-car garages, and significant upside potential for investors seeking to increase value through renovations, rental repositioning, or possi ble future expansion. Three units are currently tenant-occupied and professionally managed, providing immediate income stability, while one unit will be delivered vacant--creating an excellent opportunity for immediate improvements and market-rate leasing.Zoned PSC, this property offers compelling flexibility and future potential in one of the area's most desirable rental corridors. A rare chance to acquire a character-rich asset with income today and upside for tomorrow.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,400,000

AD Id : 79071808

MLS Id : P1-27267

Lot Size : 21,106 Sqft

Living Area Size : 4,608

Year Built : 1923

Garage : 4

County : Los Angeles

Subdivision: Country Club Estates

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Feature Features

  • Interior Features

    Built-in Features, Crown Molding
    Appliances: Free-Standing Range
    Laundry Features: Inside
  • Heating & Cooling

    Has Heating: Yes Heating: Gravity Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1923
    Building Area Total: 4608
    Construction Materials: Stucco
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 21106 Lot Size Acres: 0.4845 Lot Size Source: Assessor Lot Size Square Feet: 21,106 Lot Description: Yard

    Property Information

    Subdivision: Not Applicable Source Property Type: Residential Income Property SubType: Quadruplex Levels: One Property Age: 103

  • Listing Price Information

    Listing Price: $2400000
    Cash, Cash to New Loan

  • Tax Information

    Parcel Number: 5730027024 Tax Lot: 52

  • Parking Information

    Parking Total: 8 Driveway

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: South of Washington North of Mountain WaterSource: Public Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1564 Coolidge Avenue, Pasadena, CA, 91104 $2,100,000 5 4 2,826 2,826 SqFt
2152 E Washington, Pasadena, CA, 91104 $1,387,000 4 4 --
1537 E Topeka Street, Pasadena, CA, 91104 $2,800,000 -- -- 2,800 2,800 SqFt
1498 E Topeka, Pasadena, CA, 91104 $1,150,000 4 2 --
1428 N Hill Ave, Pasadena, CA, 91104 $1,100,000 5 2 --
1501 N El Molino Avenue, Pasadena, CA, 91104 $1,000,000 3 2 --
823 N Madison Avenue, Pasadena, CA, 91104 $1,350,000 6 4 --
229 E Washington, Pasadena, CA, 91104 $898,000 2 2 --

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ByOwner last updated this listing 08/16/2026 @ 03:38

MLS: P1-27267 LISTED BY: Giusy Mele-Brown, BHHS California Properties 626-440-5100 SOURCE: CRMLS

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