1562 N Lake Ave Pasadena, CA 91104
Historic Highlands NeighborhoodEstimated payment $10,367/month
Highlights
- Laundry Room
- Pasadena High School Rated A
- Central Heating
About This Home
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.
Listing Agent
EXP REALTY Brokerage Phone: 626-824-8853 License #01928418 Listed on: 03/23/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1907
Lot Details
- 11,939 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,793 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Additional Features
- Urban Location
- Central Heating
Listing and Financial Details
- Legal Lot and Block 4 / 7
- Tax Tract Number 461400
- Assessor Parcel Number 5848033007
- $1,307 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $958
- Fuel Expense $287
- Gardener Expense $2,100
- Insurance Expense $3,000
- Trash Expense $368
- Water Sewer Expense $688
- New Taxes Expense $18,604
- Operating Expense $27,142
- Gross Income $110,640
- Net Operating Income $83,498
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 | $16,302 | $1,412,571 | $757,701 | $654,870 |
| 2024 | $16,302 | $1,384,875 | $742,845 | $642,030 |
| 2023 | $16,164 | $1,357,722 | $728,280 | $629,442 |
| 2022 | $15,611 | $1,331,100 | $714,000 | $617,100 |
| 2021 | $14,970 | $1,305,000 | $700,000 | $605,000 |
| 2020 | $4,109 | $303,309 | $207,539 | $95,770 |
| 2019 | $4,110 | $297,363 | $203,470 | $93,893 |
| 2018 | $4,118 | $291,533 | $199,481 | $92,052 |
| 2017 | $4,058 | $285,818 | $195,570 | $90,248 |
| 2016 | $3,931 | $280,215 | $191,736 | $88,479 |
| 2015 | $3,884 | $276,006 | $188,856 | $87,150 |
| 2014 | -- | $270,600 | $185,157 | $85,443 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/23/2026 03/23/26 | For Sale | $1,699,000 | 0.0% | $448 / Sq Ft | |
| 08/23/2021 08/23/21 | Rented | $3,300 | 0.0% | -- | |
| 08/23/2021 08/23/21 | Under Contract | -- | -- | -- | |
| 08/12/2021 08/12/21 | Price Changed | $3,300 | -5.7% | $2 / Sq Ft | |
| 08/05/2021 08/05/21 | For Rent | $3,500 | 0.0% | -- | |
| 12/02/2020 12/02/20 | Sold | $1,305,000 | +0.8% | $344 / Sq Ft | View Prior Sale |
| 11/17/2020 11/17/20 | Pending | -- | -- | -- | |
| 11/09/2020 11/09/20 | For Sale | $1,295,000 | -- | $341 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,305,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Lawyers Title Insurance Corp | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | -- | |
| Gift Deed | -- | American Coast Title | |
| Corporate Deed | $187,909 | First American Title Co | |
| Trustee Deed | $240,000 | United Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $414,300 | New Conventional | |
| Previous Owner | $400,000 | New Conventional | |
| Previous Owner | $215,000 | No Value Available | |
| Previous Owner | $182,513 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26061624
APN: 5848-033-007
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Ask me questions while you tour the home.