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$1,358,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 11 days ago
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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.

Full Property Details for 1104 N Lake Ave

General

  • Price: $1,358,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: P1-26233
  • Updated: 3/13/2026
  • Days on Market: 11 days
  • Added to Site: 11 day(s) ago

Interior

  • Rooms/Areas: Primary Bedroom, All Bedrooms Down, Kitchen, Living Room
  • Fireplace(s): None
  • Appliances: Water Heater, Refrigerator, Gas Range
  • Flooring: Tile, Carpet, Wood

Rooms

Other Rooms

  • Laundry: Individual Room, Community, See Remarks, Common Area, Dryer Included

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Exterior Features: Awning(s)

Parking

  • Parking Features: Assigned, Paved, Driveway
  • Parking: Assigned, Paved, Driveway

Location

  • Area: 646 - Pasadena (NE)
  • County: Los Angeles
  • Development Name: 646 - Pasadena (NE)
  • Driving Directions: From the 210 Freeway get off at Lake Ave., go north past Mountain Street, the property will be on the right side.
  • Direction Faces: West

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Natural Gas

Utilities

  • Sewer: Sewer Paid, Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 2
  • # Electric Meters: 3

Structural Information

  • Architectural Style: Mid Century Modern
  • Foundation: Raised
  • Roof: Shingle
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 2,087
  • Year Built: 1951

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: Storage

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1977
  • Lot Size (Sq. Ft.): 8,612
  • Lot Size Source: Assessor
  • Lot Dimensions: 50 x 171
  • Zoning: PSC -NLSP
  • Lot Description: No Sprinklers, Lot 6500-9999, Landscaped, Near Public Transit, Park Nearby, Walking Street, Slopes Up from Street

Financial Considerations

  • Price Per Sq. Ft.: $650.69

Listed by Apartment Building Investments, Baron Castillo

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Listing agent

— 1104 N Lake Ave —

  • Baron Castillo

    Apartment Building Investments

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1104 N Lake Ave

School District:Pasadena Unified School District
NameGradesDistance
Longfellow (Henry W.) Elementary School
1065 East Washington Boulevard, Pasadena, CA 91104
K-50.4 mi
Charles W. Eliot Middle School
2184 Lake Avenue, Altadena, CA 91001
6-81.3 mi
Pasadena High School
2925 East Sierra Madre Boulevard, Pasadena, CA 91107
9-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1104 N Lake Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/13/2026
Listed
$1,358,000
81.31%
MLS
1/05/2015
Sold
$749,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1104 N Lake Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,132
6%
$900,176
4%
2023
$10,470
3%
$865,223
2%
2022
$10,116
4%
$848,258
2%
2021
$9,708
4%
$831,627
1%
2020
$9,332
—
$823,101
2%
2019
$9,354
-1%
$806,963
2%
2018
$9,422
1%
$791,141
2%
2017
$9,313
2%
$775,629
2%
2016
$9,117
27%
$760,422
30%
2015
$7,162
2%
$584,027
2%
2014
$7,030
37%
$572,587
42%
2013
$5,144
—
$402,529
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Apartment Building Investments, Baron Castillo

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1104 N Lake Avenue, Pasadena, CA 91104 (MLS# P1-26233) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1104 N Lake Avenue is currently listed for $1,358,000 and was received on March 13, 2026. Want to learn more about 1104 N Lake Avenue? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.

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