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1677 N Lake Ave 12 Unit Apartment Building $2,975,000 ($247,917/Unit) Pasadena, CA 91104
Investment Highlights
- Positioned on one of Pasadena’s major north-south corridors, providing excellent visibility and easy access to shopping, dining, financial services,
- Includes covered surface parking, on-site laundry facilities, and efficient common areas for tenant convenience
- Close to major Pasadena destinations, including Old Pasadena and cultural attractions, with quick access to I-210, 134 & 110 freeways
Executive Summary
Located on North Lake Avenue, the major north/south corridor from Pasadena to Altadena providing a variety of eateries, financial services, transportation, personal service establishments, boutique and major retailers, has this multi-family, twelve unit building much to offer to residents and investors alike. Spacious units, covered surface parking, onsite laundry room, and more.
Property Facts
| Price | $2,975,000 | Building Class | C |
| Price Per Unit | $247,917 | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 9,118 SF |
| Gross Rent Multiplier | 11.7 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.32/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | PSR1 - multiple dwelling | ||
| Price | $2,975,000 |
| Price Per Unit | $247,917 |
| Sale Type | Investment |
| Gross Rent Multiplier | 11.7 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 9,118 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | PSR1 - multiple dwelling |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5848-011-008 | Improvements Assessment | $206,413 |
| Land Assessment | $38,956 | Total Assessment | $245,369 |
Property Taxes
Parcel Number
5848-011-008
Land Assessment
$38,956
Improvements Assessment
$206,413
Total Assessment
$245,369
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Contact the Sale Advisor
1677 N Lake Ave