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1157 1165 Lake Avenue, Pasadena, CA 91104

Pasadena
Local realty services provided by:CENTURY 21 Valley Properties
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:70 day(s) ago
  • Updated:August 01, 2026 at 11:04 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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Valley Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Valley Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Anthony Guetzoian

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