$1,195,000
-$55,0001104 N Lake Avenue, Pasadena CA 91104
Multi-Family (4 Units)
Property type
85 days
On market
$573
Price per sqft
0 cars
Garage
1951
Year built
8,612 sqft
Lot size
Home highlights
Open Houses
Overview
REDEVELOPMENT OPPORTUNITY: Here is a rare opportunity to acquire a prime infill site in the heart of the newly adopted North Lake Specific Plan (NLSP). This 8,618 SF parcel sits within the high-growth Washington Place subarea, designated for Washington Mixed-Use (NLSP-WMU). Zoning also allows for a Residential Care Facility for the Elderly. The site currently features a...
Listing provided by: Baron Castillo DRE #00646611 818-605-2626, Apartment Building Investments
Listing updated: May 28, 2026 at 05:55pm.
Last checked: Jun 2, 2026 at 09:30am
Source: CRMLS #P1-26233
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| — | 1 | 1 | — | $69,000 | $1,350 | $1,900 | Unfurnished |
| — | 1 | 1 | — | — | $1,700 | $2,000 | Unfurnished |
| — | 1 | 1 | — | — | $1,350 | $1,900 | Unfurnished |
| — | 1 | 1 | — | — | $1,350 | $1,900 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 3
Separate Gas Meters: 2
Separate Water Meters: 1
Carpet: 4
Ranges: 4
Refrigerator: 4
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $69,000
Tenant Pays: None
Financial Snapshot
Gross Rent Multiplier
17.3x
List Price / Annual Gross Rent
Cap Rate
2.41%
NOI / List Price
Gross Scheduled Income: $69,000
Vacancy Allowance: $5
Operating Expense: $36,748
Net Operating Income: $28,802
Annual Operating Expenses
Electric: $3,164
Gardener: $1,800
Fuel: $1,919
Insurance: $5,200
Licenses: $500
Maintenance: $1,200
New Taxes: $15,600
Pest Control: $696
Trash: $3,098
Water / Sewer: $1,419
Other Expense: $952
Interior
Interior Features: All Bedrooms Down
Room Type: Bedroom, Kitchen, Living Room, Primary Bedroom
Flooring: Carpet, Tile, Wood
Cooling: Wall Window Units
Heating: Natural Gas
Appliances: Gas Range, Refrigerator, Water Heater, Dryer
Fireplace: None
Laundry: Common Area, Laundry Room, Dryer Included
Accessibility: Parking
Exterior
Architectural Style: Mid Century Modern
Property Attached: Yes
Stories Total: 1
Levels: One
Roof: Shingle
Foundation: Raised
Construction Materials: Frame, Stucco
Property Condition: Repairs Cosmetic
Exterior: Awnings
Common Walls: Two Common Walls Or More
Direction Faces: West
Lot Features: Landscaped, Near Park, Near Public Transit, Sprinklers None, Sloped Up, Walkstreet
Pool: None
Spa: None
Fencing: Fair Condition, Wood
Water Source: Public
Sewer: Public Sewer, Sewer Tap Paid
Electric: Standard
Utilities: Electricity Connected, Sewer Connected, Water Connected
View: None
Road Frontage Type: City Street
Road Surface Type: Paved
Other Structures: Storage
Garage and Parking
Parking: Assigned, Driveway, Paved
Garage Spaces: 0
Parking Total: 6
Lot Information
Land Lease: No
Parcel #: 5740014005
Tax Lot: 5
Zoning: PSC -NLSP
Lot Size Dimensions: 50 x 171
Lot Dimensions Source: Assessor
Subdivision: Not Applicable
Community
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Street Lights, Sidewalks, Park
Nearby Schools
Nearby schools around the 1104 N Lake Avenue, Pasadena, CA 91104. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$956,000
Total Interest
$1,219,325
Total Payment
$2,175,325
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$7,437
per month
Property History for 1104 N Lake Avenue
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91104.
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