Home | Los Angeles County | Pasadena | 91104 | 1677 N Lake
MLS: CRAR26217788 | Status: | Price: $2,730,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 16,478 | 1959 |
12-Unit Mid-Century Value-Add, Excellent Unit Mix + Large Lot, Major Capex Completed (New Roof, New Landscaping, Upgraded electrical panels and subpanels), 8.32% Proforma Cap Rate, Generational Hold (Owned Since 1963). Can Be Acquired together with 295 S Hudson Ave, Pasadena (14 units). 1677 N Lake Ave, a commanding 12-unit value-add apartment community in one of Southern California’s most desirable markets: Pasadena, CA. This generational asset has been meticulously maintained by the same family since 1963. Situated on the prominent Lake Avenue corridor, the property provides tenants with immediate access to premier local destinations including Old Pasadena, the Lake Ave Shopping District, the Rose Bowl, Caltech, and Pasadena City College. The asset is nestled among single-family homes and boutique apartment communities, supported by exceptional local demographics featuring an average household income of ±$167,051 within a one-mile radius. Constructed in 1959, this classic Mid-Century building boasts excellent curb appeal, enhanced by a well-maintained central courtyard and newly installed drought-tolerant landscaping. The property encompasses 9,118 square feet of rentable space on an expansive 16,478 square-foot, medium-density residential lot (RM-16). The highly attracti
| Field | Value |
|---|---|
| MLS # | CRAR26217788 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Appliances | Oven Range - Gas |
| Laundry | Community Facility |
| Cooling | Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Foundation | Raised |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Garage: 0 Car(s) |
| HOA Fee | $0 |
Handoko Chen
Growth Investment Group Pasade
License #: 01749321
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 12 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Longfellow (Henry W.) Elementary School | public | K-5 | 0.43 mi | 4 |
| Eliot Arts Magnet | public | 6-8 | 0.59 mi | 2 |
| Altadena Elementary School | public | K-5 | 0.75 mi | 5 |
| Octavia E. Butler Magnet School | public | 6-8 | 0.84 mi | 4 |
| Washington Accelerated Elementary School | public | K-5 | 0.91 mi | 5 |
| Madison Elementary School | public | K-5 | 1.16 mi | 2 |
| Thurgood Marshall Secondary School | public | 6-12 | 1.53 mi | 6 |
| Daniel Webster School | public | K-5 | 1.53 mi | 5 |
| John Muir High School | public | 9-12 | 1.58 mi | 4 |
| Jackson Elementary School | public | K-5 | 1.83 mi | 5 |
| Twentieth Street Elementary School | public | K-5 | 1.87 mi | 5 |
| Norma Coombs Elementary | public | K-5 | 2.28 mi | 6 |
| McKinley School | public | K-8 | 2.42 mi | 2 |
| Twilight Adult | public | UG | 2.42 mi | N/A |
| Pasadena High School | public | 9-12 | 2.46 mi | 7 |
| Hamilton Elementary School | public | K-5 | 2.76 mi | 7 |
| La Canada High School | public | 7-12 | 2.93 mi | 9 |
| Field (Eugene) Elementary School | public | K-5 | 3.36 mi | 8 |
| Blair High School | public | 6-12 | 3.45 mi | 4 |
| Don Benito Fundamental School | public | K-5 | 3.50 mi | 8 |
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This listing information is up-to-date as of October 07, 2026. For the most current information, please contact Handoko Chen.