1104 N Lake Ave Pasadena, CA 91104
Bungalow Heaven NeighborhoodEstimated payment $8,128/month
Highlights
- Midcentury Modern Architecture
- Property is near park and public transit
- Up Slope from Street
- Pasadena High School Rated A
- Wood Flooring
- Cooling System Mounted To A Wall/Window
About This Home
REDEVELOPMENT OPPORTUNITY: Here is a rare opportunity to acquire a prime infill site in the heart of the newly adopted North Lake Specific Plan (NLSP). Located at 1104 N. Lake Ave, this 8,618 SF parcel sits within the high-growth Washington Place subarea, designated for Washington Mixed-Use (NLSP-WMU). This zoning is a cornerstone of Pasadena's 'Great Streets' initiative, designed to transform this corridor into a vibrant, pedestrian-first urban village.The site currently features a well-maintained 3-unit residential with a 4th non-conforming dwelling, providing immediate cash flow during the entitlement process. The true value lies in the Maximum Build-Out Potential. Under current NLSP standards, the site supports a base density of 48 units per acre (approx. 10 units). By utilizing the State Density Bonus (AB 1287/SB 1818), developers can achieve an estimated 15-20 units with a 4-story 'Wedding Cake' structure. Boasting a 'Very Walkable' score, the site is steps from Washington Park, the historic Bungalow Heaven district, and the thriving retail nodes of Washington Blvd. It serves as a critical link to the Metro A Line (Lake Station), making it a 'Transit-Priority Area' (TPA) that qualifies for significant parking reductions and expedited CEQA processing.Position your portfolio at the leading edge of Pasadena's most significant urban redesign in decades. 1104 N. Lake Ave is not just a lot; it's the future of North Pasadena.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,132
Year Built
- Built in 1951
Lot Details
- 8,612 Sq Ft Lot
- Lot Dimensions are 50 x 171
- Two or More Common Walls
- West Facing Home
- Wood Fence
- Fence is in fair condition
- Landscaped
- No Sprinklers
Home Design
- Midcentury Modern Architecture
- Property Attached
- Cosmetic Repairs Needed
- Raised Foundation
- Frame Construction
- Shingle Roof
- Stucco
Interior Spaces
- 2,087 Sq Ft Home
- 1-Story Property
- Awning
- Living Room
- Gas Range
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
Parking
- 6 Parking Spaces
- Parking Available
- Up Slope from Street
- Driveway
- Paved Parking
- Assigned Parking
Outdoor Features
- Exterior Lighting
- Outdoor Storage
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Water Heater
- Sewer Paid
Additional Features
- Accessible Parking
- Property is near park and public transit
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 5740014005
Community Details
Overview
- 4 Units
- Washington Park
Amenities
- Laundry Facilities
Recreation
- Park
- Bike Trail
Building Details
- 4 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,164
- Fuel Expense $1,919
- Gardener Expense $1,800
- Insurance Expense $5,200
- Maintenance Expense $1,200
- Other Expense $952
- Pest Control $696
- Trash Expense $3,098
- Water Sewer Expense $1,419
- New Taxes Expense $15,600
- Operating Expense $36,748
- Gross Income $70,500
- Net Operating Income $28,802
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,560 | $900,176 | $539,625 | $360,551 |
| 2024 | $10,560 | $882,527 | $529,045 | $353,482 |
| 2023 | $10,470 | $865,223 | $518,672 | $346,551 |
| 2022 | $10,116 | $848,258 | $508,502 | $339,756 |
| 2021 | $9,708 | $831,627 | $498,532 | $333,095 |
| 2019 | $9,354 | $806,963 | $483,747 | $323,216 |
| 2018 | $9,422 | $791,141 | $474,262 | $316,879 |
| 2016 | $9,117 | $760,422 | $455,847 | $304,575 |
| 2015 | $7,162 | $584,027 | $408,819 | $175,208 |
| 2014 | $7,030 | $572,587 | $400,811 | $171,776 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/13/2026 03/13/26 | For Sale | $1,358,000 | +81.3% | $651 / Sq Ft | |
| 01/08/2015 01/08/15 | Sold | $749,000 | -14.4% | $359 / Sq Ft | View Prior Sale |
| 11/24/2014 11/24/14 | Pending | -- | -- | -- | |
| 09/10/2014 09/10/14 | For Sale | $875,000 | -- | $419 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $749,000 | Title 365 | |
| Interfamily Deed Transfer | -- | Title 365 | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Grant Deed | -- | Southland Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Investors Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | California Counties Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $357,000 | New Conventional | |
| Previous Owner | $264,000 | No Value Available |
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-26233
APN: 5740-014-005
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