$1,699,000
1562 N Lake Avenue, Pasadena CA 91104
Multi-Family (Fourplex)
Property type
74 days
On market
$448
Price per sqft
0 cars
Garage
1907
Year built
11,939 sqft
Lot size
Home highlights
Open Houses
Overview
Rare 4-Unit Multifamily property in North Pasadena (this property qualifies for residential financing). Ideal mix of 2 x (2B+2B), 1 x (2B+1B), 1x (1B+1B). Building Size is 3,793 SF situated on large 11,936 SF lot . Each unit has their own covered carport parking. All units are currently occupied and all tenants are current on rents. Recent upgrades have been done on the...
Listing provided by: Donald La DRE #01928418, EXP REALTY
Listing updated: Mar 24, 2026 at 05:09pm.
Last checked: Jun 5, 2026 at 01:30am
Source: CRMLS #AR26061624
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $3,390 | $3,390 | $3,500 | Unfurnished |
| 1 | 1 | 1 | — | $1,540 | $1,540 | $1,700 | Unfurnished |
| 1 | 2 | 2 | — | $2,570 | $2,570 | $3,000 | Unfurnished |
| 1 | 2 | 1 | — | $1,720 | $1,720 | $2,400 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 3
Separate Gas Meters: 2
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
15.4x
List Price / Annual Gross Rent
Cap Rate
4.91%
NOI / List Price
Gross Scheduled Income: $110,640
Operating Expense: $27,142
Net Operating Income: $83,498
Annual Operating Expenses
Electric: $958
Gardener: $2,100
Fuel: $287
Insurance: $3,000
New Taxes: $18,604
Trash: $368
Water / Sewer: $688
Interior
Heating: Central
Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Two To Five Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5848033007
Additional Parcels: No
Tax Lot: 4
Tax Block: 7
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1562 N Lake Avenue, Pasadena, CA 91104. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,359,200
Total Interest
$1,733,585
Total Payment
$3,092,785
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,511
per month
Property History for 1562 N Lake Avenue
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91104.
Similar Homes
Listings with similar prices to 1562 N Lake Avenue