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1562 N Lake AvenuePasadena, CA 91104

For Sale

$1,699,000

Smart Buyer Rebate $16,990

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.

Listed by Donald La

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License #01928418

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EXP REALTY

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626-824-8853

Last updated March 24, 2026

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Source: CRMLS #AR26061624

Listing Facts

  • TypeMulti-family
  • NeighborhoodHistoric Highlands
  • Days on Prevu39

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

03/23/2026
Listed by EXP REALTY
$1,699,000

Property Details for 1562 N Lake Avenue

Association

Amenities

  • Community Features: Urban

Exterior

Construction

  • Number Of Units Total: 4
  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1907
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 3,793
  • Building Area Units: Square Feet
  • Lot Features: 2-5 Units/Acre
  • Lot Size Acres: 0.27
  • Lot Size Area: 11,939
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 11,939
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 4.91
  • Gross Income: $110,640.00
  • Operating Expense: $27,142.00

Taxes

  • Parcel Number: 5848033007

Other

Location

  • Tax Block: 7
  • Tax Lot: 4

Utilities

Equipment

  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1562 N Lake Avenue.

How does 1562 N Lake Avenue compare to other multi-family homes in Historic Highlands?

This multi-family home is listed 45% below the average price for multi-family homes in Historic Highlands and has been on the market for 41 less days than the typical home in this area.

1562 N Lake Avenue is a -bedroom multi-family home for sale in Pasadena CA 91104. Available on Prevu for 39 days at $1,699,000. This residence is located in Historic Highlands. The median listing price for multi-family homes in this area is $1,599,000. Property amenities include parking. Explore more multi-family home listings in Los Angeles County.

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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.