Home | Los Angeles County | Pasadena | 91104 | 1157 1165 Lake Ave
MLS: CRP1-27267 | Status: Active | Price: $2,400,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 21,106 | 1923 |
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.
| Field | Value |
|---|---|
| MLS # | CRP1-27267 |
| MLS Source | California Regional MLS |
| Days on Site | 33 |
| Feature | Details |
|---|---|
| Appliances | Other, Oven Range |
| Cooling | Window/Wall Unit |
| Heating | Gravity |
| Feature | Details |
|---|---|
| Pool | None |
| Style | Spanish |
| Feature | Details |
|---|---|
| Garage/Parking | Other, Garage: 4 Car(s) |
| HOA Fee | $0 |
Giusy Mele-Brown
BHHS California Properties
License #: 01252230
Phone: (626) 695-2312
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 3 | – |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,152 | – | 0/0 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Longfellow (Henry W.) Elementary School | public | K-5 | 0.33 mi | 4 |
| Madison Elementary School | public | K-5 | 0.63 mi | 2 |
| Octavia E. Butler Magnet School | public | 6-8 | 0.91 mi | 4 |
| Washington Accelerated Elementary School | public | K-5 | 0.99 mi | 5 |
| Eliot Arts Magnet | public | 6-8 | 1.21 mi | 2 |
| Twentieth Street Elementary School | public | K-5 | 1.30 mi | 5 |
| Thurgood Marshall Secondary School | public | 6-12 | 1.31 mi | 6 |
| Altadena Elementary School | public | K-5 | 1.37 mi | 5 |
| Daniel Webster School | public | K-5 | 1.50 mi | 5 |
| John Muir High School | public | 9-12 | 1.79 mi | 4 |
| McKinley School | public | K-8 | 1.80 mi | 2 |
| Twilight Adult | public | UG | 1.80 mi | N/A |
| Norma Coombs Elementary | public | K-5 | 2.04 mi | 6 |
| Jackson Elementary School | public | K-5 | 2.13 mi | 5 |
| Hamilton Elementary School | public | K-5 | 2.25 mi | 7 |
| Pasadena High School | public | 9-12 | 2.31 mi | 7 |
| Blair High School | public | 6-12 | 2.84 mi | 4 |
| San Rafael Elementary School | public | K-5 | 3.07 mi | 4 |
| Field (Eugene) Elementary School | public | K-5 | 3.23 mi | 8 |
| La Canada High School | public | 7-12 | 3.25 mi | 9 |
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This listing information is up-to-date as of June 23, 2026. For the most current information, please contact Giusy Mele-Brown, (626) 695-2312.