1157 1165 Lake Avenue, Pasadena, California 91104, Pasadena, 91104 - bed, bath
1157 1165 Lake Avenue
Pasadena, California 91104
Property Price
SUMMARY
Analysis of 1157 1165 Lake Avenue, Pasadena, California 91104 is currently available with a list price of $2,800,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
This 1923 Spanish-style quadruplex is well-preserved with original charm, hardwood floors, and built-ins. However, the kitchens and bathrooms, while functional, are significantly outdated in style and features, appearing to be original or from a very old renovation. The presence of window AC units indicates a lack of central cooling, and the description notes only 'some updated electrical,' suggesting further electrical upgrades may be needed. While maintained and tenant-occupied, these factors place it in the 'Fair' category, as it requires minor updates to meet modern standards, particularly in the kitchen and bathrooms.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Asset
As a quadruplex with 3 units currently tenant-occupied and 1 delivered vacant, this property offers immediate rental income and flexibility for an owner-occupant or new tenant placement.
- Prime Pasadena Location
Ideally situated on vibrant Lake Avenue, just above Mountain Street in Pasadena, offering excellent access to amenities, transportation, and a highly desirable neighborhood.
- Historic Charm with Modern Touches
Beautifully preserved 1922 Spanish-style architecture with timeless character, complemented by thoughtful updates such as hardwood floors, original built-ins, and in-unit laundry hookups.
CONSRISKS & DEFICIENCIES
- Age-Related Maintenance Considerations
Built in 1923, despite updates, an older property may present ongoing maintenance challenges or require significant capital expenditures for systems not explicitly mentioned as updated (e.g., plumbing, roof, foundation).
- Uniform Unit Configuration
All four units are configured as 2 bedrooms and 1 bath, which might limit the diversity of the tenant pool or potential for varied rental income streams compared to properties with different unit sizes or bathroom counts.
- Partial Electrical Updates
The description notes 'some updated electrical,' implying that not all electrical systems have been modernized, which could lead to future upgrade costs or potential issues.
About 1157 1165 Lake Avenue
Step into this beautifully preserved 1922 Spanish-style quadruplex, ideally located just above Mountain Street on vibrant Lake Avenue. All 4 units offer 2 bedrooms and 1 bath, blending timeless charm with thoughtful updates, including hardwood floors, original built-ins, a formal dining room, and a cozy breakfast nook. The spacious layouts are filled with natural light, complemented by some updated electrical and in-unit laundry hookups. A generous shared backyard provides plenty of space to relax or entertain. With four single-car garages, this property offers the best of urban living with classic architectural character. Plenty of upside potential and opportunity for expansion. 3 units are currently tenant-occupied and professionally managed. 1 will be delivered vacant. Zoned PSC.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1923
- Lot Size
- 21,106 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,608 | 3,174 | 83% |
| Lot Size | 21,106 | 6,435.5 | 83% |
| Price | $2.80M | $1.83M | 67% |
| Price per sq ft | $608 | $657 | 33% |
| Built year | 1923 | 1942 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 161 | 155 | 67% |
Pricing History
Listed for Sale
Sep 26, 2025
$2,800,000
Initial Listing