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1922 Spanish-Style Quadruplex on Lake

1157 Lake Ave, Pasadena, CA 91104

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For Sale

$2,800,000

Charming 4-unit property with upside potential in Pasadena.

Type:Investment

HighLights

Prime location just above Mountain Street on Lake Avenue with high walkability and bikeability scores.
Four units, each with 2 bedrooms and 1 bath, offering immediate rental income potential.
Classic 1922 Spanish‑style architecture with original features like hardwood floors and built‑ins.
Spacious layouts with natural light, formal dining room, and breakfast nook.
In‑unit laundry hookups and some updated electrical.
Four single‑car garages and a generous shared backyard.

We can help!

Listing Contact

Giusy Mele-Brown

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For Sale

$2,800,000

Charming 4-unit property with upside potential in Pasadena.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 4:36 pm

Property Features for 1157 Lake Ave

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1923

We can help!

Listing Contact

Giusy Mele-Brown

Listing agent Giusy Mele-Brown

Listing office

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Giusy Mele-Brown

HighLights

Prime location just above Mountain Street on Lake Avenue with high walkability and bikeability scores.
Four units, each with 2 bedrooms and 1 bath, offering immediate rental income potential.
Classic 1922 Spanish‑style architecture with original features like hardwood floors and built‑ins.
Spacious layouts with natural light, formal dining room, and breakfast nook.
In‑unit laundry hookups and some updated electrical.
Four single‑car garages and a generous shared backyard.

Overview

This 1922 Spanish-style quadruplex is located just above Mountain Street on Lake Avenue. The property features four units, each with 2 bedrooms and 1 bath. The units blend timeless charm with updates, including hardwood floors, original built-ins, a formal dining room, and a breakfast nook. The spacious layouts are filled with natural light. Some units feature updated electrical systems and in-unit laundry hookups. A shared backyard provides space for relaxation and entertainment. The property includes four single-car garages. Three units are currently tenant-occupied and professionally managed, and one will be delivered vacant. The property is zoned PSC. The location has a bike score of 77, indicating it is very bikeable, a walk score of 80, indicating it is very walkable, and a transit score of 52, indicating good transit options.

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Quadplexes

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Local Demand

City: Pasadena
County: Los Angeles
State: California
Longitude: -118.1328932
Latitude: 34.1658147

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For sale
Quadplexes
CA
Pasadena
91104
1157 Lake Ave

What type of property is this?

Quadplex - Charming 4-unit property with upside potential in Pasadena.

Where is this quadplex located?

The property is located at 1157 Lake Ave Pasadena, CA.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: Prime location just above Mountain Street on Lake Avenue with high walkability and bikeability scores.; Four units, each with 2 bedrooms and 1 bath, offering immediate rental income potential.; Classic 1922 Spanish‑style architecture with original features like hardwood floors and built‑ins.