$1,358,000

1104 N Lake Avenue, Pasadena, CA 91104

  • 2,087 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1951
  • Property Lot Size Icon8,612sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $651/sqft
  • Property List Date Icon Listed 20 days ago

Property Description

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). Located at 1104 N. Lake Ave, this 8,618 SF parcel sits within the high-growth Washington Place subarea, designated for Washington Mixed-Use (NLSP-WMU). This zoning is a cornerstone of Pasadena's 'Great Streets' initiative, designed to transform this corridor into a vibrant, pedestrian-first urban village.The site currently features a well-maintained 3-unit residential with a 4th non-conforming dwelling, providing immediate cash flow during the entitlement process. The true value lies in the Maximum Build-Out Potential. Under current NLSP standards, the site supports a base density of 48 units per acre (approx. 10 units). By utilizing the State Density Bonus (AB 1287/SB 1818), developers can achieve an estimated 15-20 units with a 4-story 'Wedding Cake' structure. Boasting a 'Very Walkable' score, the site is steps from Washington Park, the historic Bungalow Heaven district, and the thriving retail nodes of Washington Blvd. It serves as a critical link to the Metro A Line (Lake Station), making it a 'Transit-Priority Area' (TPA) that qualifies for significant parking reductions and expedited CEQA processing.Position your portfolio at the leading edge of Pasadena's most significant urban redesign in decades. 1104 N. Lake Ave is not just a lot; it's the future of North Pasadena.

Listing Status:
Active
Date Added:
March 13, 2026
Data Last Updated:
April 1, 2026 at 11:18PM
Listing Office:
Apartment Building Investments : (818) 605-2626
Listing Agent:
Baron Castillo : (818) 605-2626
MLS ID:
P1-26233
  • General: All Bedrooms Down
  • Appliances: Gas RangeRefrigeratorWater HeaterDryer
  • Laundry: Common AreaLaundry RoomSee Remarks
  • Flooring: CarpetTileWood
  • A/C: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Fireplace: None
  • Disability Feature: Parking
  • General: Awning(s)Storage
  • Style: Mid-Century Modern
  • Other Structures: Storage
  • Pool: None
  • Parking: AssignedDrivewayPavedParking spaces: 6
  • Roofing: Shingle
  • General: FrameStucco1Raised
  • Road/Access: City Street
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS_CRF
  • County: Los Angeles
  • Zoning: PSC -NLSP5740014005
  • View: None
  • Fencing: Fair ConditionWood
  • Utilities: Electricity ConnectedSewer ConnectedWater ConnectedStandard
  • Water: Public
  • Sewer: Public SewerSewer Tap Paid
  • Source: CRMLS_CRF

This listing courtesy of Baron Castillo , Apartment Building Investments

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Longfellow Magnet School

1065 E Washington Blvd, Pasadena, CA, 91104

Grades KG-5

0.36 miles away

O

Octavia E. Butler Magnet Middle School

1505 N Marengo Ave, Pasadena, CA, 91103

Grades 6-8

0.97 miles away

M

Marshall Fundamental

990 N Allen Ave, Pasadena, CA, 91104

Grades 6-12

1.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.