1157 1165 Lake Avenue, Pasadena, CA 91104

Pasadena
Local realty services provided by:ERA North Orange County Real Estate
1157 1165 Lake Avenue,Pasadena, CA 91104
$2,400,000
  • - Beds
  • - Baths
  • 4,608 sq. ft.
  • Multi-family
  • Active
Listed by: giusy mele-brown
Office: bhhs california properties626-440-5100
MLS#:P1-27267
Source:CRMLS

Price summary

  • Price:$2,400,000
  • Price per sq. ft.:$520.83

About this home

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 possible 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...

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Home facts

  • Year built:1923
  • Subdivision & Development:Not Applicable
  • Listing ID #:P1-27267
  • Added:73 day(s) ago
  • Updated:August 04, 2026 at 10:55 AM

Rooms and interior

  • Flooring:Wood
  • Kitchen Description:Free Standing Range
  • Living area:4,608 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Gravity

Structure and exterior

  • Year built:1923
  • Building area:4,608 sq. ft.
  • Lot area:0.48 Acres
  • Lot Features:Yard
  • Architectural Style:Spanish
  • Construction Materials:Stucco
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,400,000
  • Price per sq. ft.:$520.83

Features and amenities

  • Appliances:Free Standing Range
  • Laundry features:Inside
  • Amenities:Carbon Monoxide (CO2) Detector, Crown Molding

Parking

  • Total parking spaces:8
  • Parking description:Driveway
  • Garage:Yes
  • Garage spaces:4
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