$2,400,000
1157 1165 Lake Avenue, Pasadena CA 91104
Multi-Family (Fourplex)
Property type
24 days
On market
$521
Price per sqft
4 cars
Garage
1923
Year built
21,106 sqft
Lot size
Home highlights
Open Houses
Overview
Step into this beautifully preserved 1922 Spanish-style quadruplex, ideally located just above Mountain Street on vibrant Lake Avenue. All 4 units offer 2 bedrooms and 1 bath, blending timeless charm with thoughtful updates, including hardwood floors, original built-ins, a formal dining room, and a cozy breakfast nook. The spacious layouts are filled with natural light,...
Listing provided by: Giusy Mele-Brown DRE #01252230 626-695-2312, Berkshire Hathaway Home Servic
Listing updated: Jun 12, 2026 at 05:30pm.
Last checked: Jun 12, 2026 at 06:00pm
Source: CRMLS #P1-27267
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| — | 2 | 1 | 1 | $2,120 | $2,120 | $3,000 | Unfurnished |
| — | 2 | 1 | 1 | $2,110 | $2,110 | $3,000 | Unfurnished |
| — | 2 | 1 | 1 | $1,779 | $1,779 | $3,000 | Unfurnished |
| — | 2 | 1 | 1 | $0 | $0 | $3,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Ranges: 4
Rent Control: Yes
Units Leased: 3
Tenant Pays: Electricity, Gas, Insurance
Financial Snapshot
Gross Rent Multiplier
33.3x
List Price / Annual Gross Rent
Cap Rate
2.41%
NOI / List Price
Gross Scheduled Income: $72,105
Vacancy Allowance Rate: 0%
Operating Expense: $14,280
Net Operating Income: $57,825
Annual Operating Expenses
Electric: $100
Fuel: $50
Insurance: $4,157
Licenses: $429
Professional Management: $4,200
Trash: $3,603
Water / Sewer: $1,500
Other Expense: $18,791
Interior
Interior Features: Built In Features, Crown Molding
Room Type: Kitchen
Flooring: Wood
Cooling: Wall Window Units
Heating: Gravity
Appliances: Free Standing Range
Fireplace: Decorative, Living Room
Laundry: Inside
Exterior
Architectural Style: Spanish
Property Attached: Yes
Stories Total: 1
Levels: One
Construction Materials: Stucco
Common Walls: One Common Wall
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Yard
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
View: None
Garage and Parking
Parking: Driveway
Garage Spaces: 4
Parking Total: 8
Lot Information
Land Lease: No
Parcel #: 5730027024
Additional Parcels: Yes
Tax Lot: 52
Subdivision: Not Applicable
Community
HOA Fee: $0
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1157 1165 Lake Avenue, Pasadena, CA 91104. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,920,000
Total Interest
$2,448,854
Total Payment
$4,368,854
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$14,786
per month
Property History for 1157 1165 Lake Avenue
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91104.
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