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1157-1165 N Lake Ave 4 Unit Apartment Building $2,800,000 ($700,000/Unit) Pasadena, CA 91104
Investment Highlights
- 3 units are tenant occupied
- 1 unit is owner occupied and it will be delivered vacant.
- Seller will carry financing with proper terms
Executive Summary
The seller prefers carry financing with property terms. Zoned PSC and zoning map shows this property falls in the “SP-1 a” zoning. Attached is the Code of Ordinances for Pasadena.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,800,000 | Building Class | C |
| Price Per Unit | $700,000 | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 4,608 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1922 |
| Apartment Style | Low-Rise | Parking Ratio | 0.87/1,000 SF |
| Zoning | PSC- - Commerical | ||
| Price | $2,800,000 |
| Price Per Unit | $700,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 4,608 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1922 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | PSC- - Commerical |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Gas Range
- Storage Space
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 1,152 |
Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Numbers | Improvements Assessment | $295,003 (2025) | |
| Land Assessment | $885,169 (2025) | Total Assessment | $1,180,172 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$885,169 (2025)
Improvements Assessment
$295,003 (2025)
Total Assessment
$1,180,172 (2025)
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1157-1165 N Lake Ave
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