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1677 N Lake Ave 12 Unit Apartment Building $4,090,506 CAD ($340,875 CAD/Unit) Pasadena, CA 91104
Investment Highlights
- Positioned on one of Pasadena’s major north-south corridors, providing excellent visibility and easy access to shopping, dining, financial services,
- Includes covered surface parking, on-site laundry facilities, and efficient common areas for tenant convenience
- Close to major Pasadena destinations, including Old Town Pasadena and cultural attractions, with quick access to I-210
Executive Summary
Zoned for multi-family use, this property offers long-term value in a high-demand rental market with steady occupancy driven by nearby employment centers and educational institutions. Features an established 12-unit apartment building comprising 14 bedrooms and 14 bathrooms, delivering stable rental income with upside potential.
Property Facts
| Price | $4,090,506 CAD | Building Class | C |
| Price Per Unit | $340,875 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 9,118 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Low-Rise | Parking Ratio | 1.32/1,000 SF |
| Zoning | PSR1 - multiple dwelling | ||
| Price | $4,090,506 CAD |
| Price Per Unit | $340,875 CAD |
| Sale Type | Investment |
| 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 | $283,900 CAD |
| Land Assessment | $53,580 CAD | Total Assessment | $337,481 CAD |
Property Taxes
Parcel Number
5848-011-008
Land Assessment
$53,580 CAD
Improvements Assessment
$283,900 CAD
Total Assessment
$337,481 CAD
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1677 N Lake Ave
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