1157-1165 Lake Avenue, Pasadena, CA 91104

• 8 beds |
• 4 baths

Property Description

Exceptional value-add investment opportunity in highly desirable Pasadena, ideally located just north of Mountain Street along vibrant Lake Avenue. This 1922 Spanish-style quadruplex features four spacious 2-bedroom, 1-bath units with an attractive unit mix ideal for strong long-term rental demand.Each unit offers generous layouts with timeless architectural charm, including hardwood floors, original built-ins, formal dining rooms, and breakfast nooks. Select system updates include portions of upgraded electrical, copper plumbing plus in-unit laundry hookups that add convenience and tenant appeal.The property includes a large shared backyard, four single-car garages, and significant upside potential for investors seeking to increase value through renovations, rental repositioning, or possible future expansion. Three units are currently tenant-occupied and professionally managed, providing immediate income stability, while one unit will be delivered vacant--creating an excellent opportunity for immediate improvements and market-rate leasing.Zoned PSC, this property offers compelling flexibility and future potential in one of the area's most desirable rental corridors. A rare chance to acquire a character-rich asset with income today and upside for tomorrow.

Listing Status:

Active

Date Added:

May 22, 2026

Data Last Updated:

August 24, 2026 at 4:13PM

Listing Office:

BHHS California Properties : (626) 440-5100

Listing Agent:

Giusy Mele-Brown : 626-695-2312

MLS ID:

P1-27267

Interior

• A/C: Wall/Window
• Heating: Wall/Gravity

Exterior

• General: N/K
• Pool: N/K

Construction

• General: Stucco1 Story

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLSF
• County: Los Angeles

Lot

• Zoning: Assessor5730027024
• Fencing: Other/Remarks

Financial

• Source: CRMLSF