Pasadena, CA 91104 1562 N Lake Avenue
$1,699,000
24 more
Presented By: DONALD LA with KW Executive; 626-888-2995
- MLS# WS25125882
- 06/05/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 2
Baths • 2
SQFT • 3,793
Home Details
Rare 4-Unit Residential Income property in North Pasadena. Ideal mix of 2 x (2B+2B), 1 x (2B+1B), 1x (1B+1B). Building Size is 3,793 SF situated on large 11,936 SF lot . Carport parking on site. All units are currently occupied and all tenants are current on rents.
Presented By: DONALD LA with KW Executive; 626-888-2995
Interior Features for 1562 N Lake Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, GasDryerHookup, LaundryRoom
Total Stories2
Other Rooms
Entry Level1
General for 1562 N Lake Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.62
Carport Y/NNo
CityPasadena
Community FeaturesUrban
CountyLos Angeles
DirectionsDrive north on Lake Ave. Between E Howard St and E Elizabeth St
Electric Expense958.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense287.0
Garage Spaces0.0
Garage Y/NNo
Gross Income105600.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense3000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet11936.0
Lot Size UnitsSquareFeet
MLS Area645 - Pasadena (NW)
MobileHomeRemainsYNNo
Net Operating Income78458.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense27142.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot4
Taxes$18,604
Total Actual Rent8800.0
Trash Expense368.0
Water Sewer Expense688.0
Year Built1907
Year Built SourcePublicRecords
Exterior for 1562 N Lake Avenue
Building Area Total3793.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.274
Lot Size Area11936.0
Lot Size SourcePublicRecords
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate