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1677 N Lake Ave 12 Unit Apartment Building $4,909,548 CAD ($409,129 CAD/Unit) Pasadena, CA 91104
Investment Highlights
- Two-story, 12-unit multifamily property located on North Lake Avenue, a major corridor connecting Pasadena and Altadena.
- Positioned in a walkable neighborhood with access to eateries, financial services, and retail establishments along Lake Avenue.
- Built in 1959, the property includes covered surface parking for 12 vehicles and an on-site laundry facility for tenant convenience.
- Close proximity to public transportation and major Pasadena attractions, enhancing connectivity and tenant appeal
Executive Summary
Located on North Lake Avenue, the major north/south corridor from Pasadena to Altadena providing a variety of eateries, financial services, transportation, personal service establishments, boutique and major retailers, has this multi-family, twelve unit building much to offer to residents and investors alike. Spacious units, covered surface parking, onsite laundry room, and more.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,909,548 CAD | Building Class | C |
| Price Per Unit | $409,129 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 9,118 SF |
| Gross Rent Multiplier | 14 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.32/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | PSR1 | ||
| Price | $4,909,548 CAD |
| Price Per Unit | $409,129 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 14 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 9,118 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | PSR1 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5848-011-008 | Improvements Assessment | $285,696 CAD |
| Land Assessment | $53,919 CAD | Total Assessment | $339,615 CAD |
Property Taxes
Parcel Number
5848-011-008
Land Assessment
$53,919 CAD
Improvements Assessment
$285,696 CAD
Total Assessment
$339,615 CAD
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1677 N Lake Ave
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