Properties
Pasadena, CA 91104 1562 N Lake Avenue
$1,699,000
22 more
Presented By: Donald La with EXP REALTY; 626-824-8853
Baths • 1
SQFT • 3,793
Home Details
Rare 4-Unit Multifamily property in North Pasadena (this property qualifies for residential financing). 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 . Each unit has their own covered carport parking. All units are currently occupied and all tenants are current on rents. Recent upgrades have been done on the property: new roofs, electrical panels, bathrooms, kitchen, flooring, and more (list of upgrades can be emailed over). Front unit is a detached home with 2 bedroom + 2 bathroom plus a bonus room that can be used as a 3rd bedroom or a home office. Ample outdoor space for landscaping or outdoor enjoyment.
Presented By: Donald La with EXP REALTY; 626-824-8853
Interior Features for 1562 N Lake Avenue
Other Interior Features
Common Walls2+ Common Walls
Heating Y/NYes
Laundry FeaturesElectric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Total Stories2
Other Rooms
Entry Level1
General for 1562 N Lake Avenue
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate4.91
CityPasadena
Community FeaturesUrban
CountyLos Angeles
Directions1562 N Lake Ave, Pasadena, CA 91104
Electric Expense958
Entry Location1
Fuel Expense287
Garage Spaces
Garage Y/NNo
Gross Income110640
HeatingCentral
Insurance Expense3000
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet11939
Lot Size UnitsSquare Feet
MLS Area645 - Pasadena (NW)
Net Operating Income83498
New ConstructionNo
Number Of Units Total4
Operating Expense27142
Pool FeaturesNone
PostalCityPASADENA
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot4
Taxes$18,604
Trash Expense368
Water Sewer Expense688
Year Built1907
Year Built SourcePublic Records
Exterior for 1562 N Lake Avenue
Building Area Total3793
Lot Features2-5 Units/Acre
Lot Size Acres0.2741
Lot Size Area11939
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters2
Number of Separate Water Meters1
Private PoolNo
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
