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    1562 N Lake Ave Pasadena, CA 91104

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    For Sale
    $1,699,000

    Four-unit residential income property in North Pasadena for sale.

    Lot size:
    0.27 Acres

    Property Features for 1562 N Lake Ave

    General Information

    Lot size
    0.27 Acres

    Building Details

    Year built
    1907

    Source: KW Executive Agent DONALD LA

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

    Overview

    North Pasadena Residential Income Property

    This residential income property is located in North Pasadena. The building has a size of 3,793 square feet and is situated on a large 11,936 square foot lot. The property features a mix of units, including two units with two bedrooms and two bathrooms, one unit with two bedrooms and one bathroom, and one unit with one bedroom and one bathroom. Carport parking is available on site. All units are currently occupied, and all tenants are current on their rent payments. The property contains four units.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1316087
    Latitude
    34.1727653

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    FAQs

    What type of property is this?
    Quadplex - Four-unit residential income property in North Pasadena for sale.
    Where is this quadplex located?
    The property is located at 1562 N Lake Ave Pasadena, CA.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: - Rare 4-Unit Residential Income Property; - Ideal mix of unit types: 2 x (2B+2B), 1 x (2B+1B), 1 x (1B+1B); - Large 11,936 SF Lot
    (626) 888-2995
    Request Owner's contact information
    1562 N Lake Ave Pasadena, CA 91104
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    Pasadena, CA 91104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1562 N Lake Ave Pasadena, CA 91104
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