NOT LISTED FOR SALE

918 N Lake Ave Pasadena, CA 91104

Bungalow Heaven Neighborhood
2 Beds
2 Baths
9,104 Sq Ft
0.63 Acres

Last Sold December 31, 2020

Last sale price $3,250,000 $357 Per Sq Ft

25 Days on Market

Highlights

  • 0.63 Acre Lot
  • Corner Lot
  • Landscaped
  • Pasadena High School Rated A
  • ADA Compliant
  • Evaporated cooling system

About This Home

As of December 2020

Exceptional value-add property, home to the iconic Roma Market! This property has excellent street visibility & sits on the signalized corner of N Lake Ave. & E Mountain St., featuring parking lot access from both streets. The property consists of seven units, 5 of which are retail spaces, plus 2 apartments, both 1 bedroom 1 bath. The 5 retail spaces total 7,875 Sq.Ft. & the 2 residential spaces total 1,229 Sq.Ft for a total of 9,104 Sq.Ft. It sits on a total of 3 lots, totaling 27,487 Sq.Ft. The retail tenants are all long-term tenants with commercial leases expiring in 2021, 2022 and 2023, & the residential leases are month to month. All commercial leases are AIR Commercial Leases, Multi-tenant, Lease-gross. The buildings were built in 1964 & 1968, and are in good condition. They can easily be improved with exterior paint, landscaping & other exterior improvements. Tenants pay for gas & electric. **Property consists of 3 APNs. See attached marketing package.

Last Agent to Sell the Property

Maren Impala

Siemienowski & Associates License #02094135 Listed on: 10/21/2020

Last Buyer's Agent

Ara Keshishian

License #01866459

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.63 Acre Lot
  • Landscaped
  • Corner Lot

Home Design

  • Split Level Home
  • Composition Roof
  • Stucco

Interior Spaces

  • 9,104 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces

Additional Features

  • ADA Compliant
  • Evaporated cooling system

Listing and Financial Details

  • Tenant pays for air cond/heat maint, electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5740-016-032

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • Vacancy Allowance $6,790

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • ADA Compliant: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Alley: No
  • Complex Name: N/A
  • Living Area: 9104
  • Lot Acreage: 0.6310
  • Price Per Unit: 542143.00
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 416.85

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Pool: No
  • Roof: Composition
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 30
  • Total Parking: 30

Utilities

  • Cooling: Air Conditioning, Swamp Cooler(s)
  • Water: Meter on Property
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 67.46
  • Assessed Improvement Value: 256134
  • Assessed Land Percent: 32.54
  • Assessed Land Value: 123557
  • Total Assessed Value: 379691
  • Assessor Parcel Number: 5740-016-032
  • Lot Description: 2-4 Lots, Landscaped
  • Lot Location: Corner Lot
  • Lot Size Area: 27487

Rental Info

  • Total Actual Rent: 203714.00
  • Owner Pays: Gardener, Water
  • Tenant Pays: Air Cond/Heat Maint, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 16.60
  • Number Of Units: 7
  • Total Annual Expense: 100748
  • Type Of Units: Mixed Use
  • Vacancy Allow: 6790
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0%

Tax Info

  • Mello Roos: Unknown

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $3,250,000 -14.4% $357 / Sq Ft
11/15/2020 11/15/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $3,795,000 -- $417 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Maren Impala

    Siemienowski & Associates

    (951) 440-3684

    1 in this area

    3 Total Sales

    Maren Impala
    Section Image

  • A

    Buyer's Agent in 2020

    Ara Keshishian

See All Agents

Map

Source: The MLS

MLS Number: 20-652340

The MLS
California Los Angeles County Pasadena 91104 Bungalow Heaven

918 N Lake Ave, Pasadena, CA

This home is located at 918 N Lake Ave, Pasadena, CA 91104 since 21 October 2020. This property was built in 1964. 918 N Lake Ave is a home located in Los Angeles County with nearby schools including Longfellow (Henry W.) Elementary School, Charles W. Eliot Arts Magnet Academy, and Pasadena High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes