1157-1165 Lake Avenue, Pasadena, CA 91104

Pasadena
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
1157-1165 Lake Avenue,Pasadena, CA 91104
$2,400,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: giusy mele-brown
Office: bhhs california properties
MLS#:P1-27267
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,400,000

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

  • Listing ID #:P1-27267
  • Added:38 day(s) ago
  • Updated:June 30, 2026 at 02:38 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4

Heating and cooling

  • Cooling:Wall/Window
  • Heating:Wall/Gravity

Structure and exterior

  • Construction Materials:Stucco
  • Levels:1 Story

Finances and disclosures

  • Price:$2,400,000
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