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    1157 Lake Ave Pasadena, CA 91104

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    For Sale
    $2,800,000

    1922 Spanish-style quadruplex near Mountain Street on Lake Avenue.

    Lot size:
    0.48 Acres

    Property Features for 1157 Lake Ave

    General Information

    Lot size
    0.48 Acres

    Building Details

    Year built
    1923

    Source: Berkshire Hathaway Home Servic Agent Giusy Mele-Brown

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

    Overview

    Pasadena Quadruplex with Spanish Charm

    This 1922 Spanish-style quadruplex is located just above Mountain Street on Lake Avenue. The property contains four units, each featuring two bedrooms and one bath. The units retain original architectural details such as hardwood floors and built-ins, and also include a formal dining room and a breakfast nook. The layouts are spacious and filled with natural light. Some electrical updates have been completed, and in-unit laundry hookups are available. A shared backyard provides outdoor space. The property includes four single-car garages. Three units are currently tenant-occupied and professionally managed, and one unit will be delivered vacant. The property offers potential for expansion.
    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
    -118.1328932
    Latitude
    34.1658147

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    FAQs

    What type of property is this?
    Quadplex - 1922 Spanish-style quadruplex near Mountain Street on Lake Avenue.
    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 above Mountain Street on Lake Avenue.; - Four units, each with 2 bedrooms and 1 bath.; - Features original 1922 Spanish-style architectural details and hardwood floors.
    (626) 695-2312
    Request Owner's contact information
    1157 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
    1157 Lake Ave Pasadena, CA 91104
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