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1104 Lake Avenue, Pasadena, CA 91104

Pasadena
Local realty services provided by:CENTURY 21 Masters
1104 Lake Avenue,Pasadena, CA 91104
$1,195,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: baron castillo
Office: apartment building investments
MLS#:P1-26233
Source:MLSListings

Price summary

  • Price:$1,195,000

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 (Currently Vacant), 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...

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Home facts

  • Year built:1951
  • Listing ID #:P1-26233
  • Added:120 day(s) ago
  • Updated:July 12, 2026 at 04:38 PM

Rooms and interior

  • Kitchen Description:Refrigerator

Heating and cooling

  • Cooling:Window/Wall Unit
  • Heating:Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1951
  • Lot area:0.2 Acres
  • Lot Features:Greenbelt, Mid Block, Sloped Up
  • Foundation Description:Raised
  • Levels:1 Story

Utilities

  • Water:District - Public, Hot Water
  • Sewer:Sewer Available

Finances and disclosures

  • Price:$1,195,000

Features and amenities

  • Laundry features:Community Facility, Dryer, In Laundry Room, Laundry Area, Washer/Dryer - Owned

Parking

  • Parking description:Assigned Spaces, Other
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