USACAPasadenaNot Applicable1157 1165 Lake Avenue
MLS_5 | Image 1

1157 1165 Lake Avenue, Pasadena, CA

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,400,000

008

MLS® P1-27267

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 34
Lot Size 0.484499990940094 Acres
Approx. Age 1923
MLS® Number P1-27267

Property Address: 1157 1165 Lake Avenue, Pasadena, CA, 91104

Average square foot calculated using Size range provided by listing agent.

Description

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 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.
MLS® NumberP1-27267
Laundry LevelInside
Central VacNo
FireplaceNo
Acreage0.4845
Exterior
GarageYes
Approx. Age1923
Basement
DrivewayDriveway
Garage Spaces4
HeatGravity
A/CWall Window Units

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 22, 2026List Date
$2,400,000List Price
  • Commute

Commute

Starting Address
Destination Address
1157 1165 Lake Avenue, Pasadena, CA

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