1104 N Lake Avenue, Pasadena, CA 91104

Pasadena
Local realty services provided by:ERA Donahoe Realty
1104 N Lake Avenue,Pasadena, CA 91104
$1,195,000
  • - Beds
  • - Baths
  • 2,087 sq. ft.
  • Multi-family
  • Pending
Listed by: baron castillo
Office: apartment building investments818-605-2626
MLS#:P1-26233
Source:CRMLS

Price summary

  • Price:$1,195,000
  • Price per sq. ft.:$572.59

About this home

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...

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Home facts

  • Year built:1951
  • Listing ID #:P1-26233
  • Added:98 day(s) ago
  • Updated:June 19, 2026 at 07:41 AM

Rooms and interior

  • Flooring:Carpet, Tile, Wood
  • Kitchen Description:Gas Range, Refrigerator
  • Living area:2,087 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1951
  • Building area:2,087 sq. ft.
  • Lot area:0.2 Acres
  • Lot Features:Landscaped, Near Park, Near Public Transit, Sloped Up, Walkstreet
  • Architectural Style:Mid Century Modern
  • Construction Materials:Frame, Stucco
  • Exterior Features:Awnings
  • Foundation Description:Raised
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected, Sewer Tap Paid

Finances and disclosures

  • Price:$1,195,000
  • Price per sq. ft.:$572.59
  • Tax amount:$11,132

Features and amenities

  • Appliances:Dryer
  • Laundry features:Dryer
  • Amenities:All Bedrooms Down, Water Heater

Parking

  • Total parking spaces:6
  • Parking description:Assigned, Driveway, Paved
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