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1677 N Lake Ave 12 Unit Apartment Building $4,056,888 CAD ($338,074 CAD/Unit) Pasadena, CA 91104
Investment Highlights
- Amenities include carport parking, individual laundry rooms, and proximity to the North Lake Avenue corridor’s retail and services.
- Located along North Lake Avenue, a major north-south corridor connecting Pasadena to Altadena, with walkable access to dining, retail
- ncome-Producing Asset: Two-story 12-unit multifamily building offering a total of 9,118 square feet with 14 bedrooms and 14 bathrooms
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 (12 spaces), onsite laundry room, and more. Constructed in 1959 and situated on approximately 0.38 acres. The asset comprises 9,118 square feet across two stories and features a unit mix of (predominantly 1-bed/1-bath units)
Property Facts
| Price | $4,056,888 CAD | Building Class | C |
| Price Per Unit | $338,074 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 9,118 SF |
| Gross Rent Multiplier | 11.7 | 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 - multiple dwelling | ||
| Price | $4,056,888 CAD |
| Price Per Unit | $338,074 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 11.7 |
| 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 - multiple dwelling |
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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
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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