1157 1165 Lake Avenue, Pasadena, CA 91104
Fourplex
Sold August 2026
Listing Agent: Giusy Mele-Brown (DRE #01252230) · Listing Office: BHHS California Properties · Contact: (626) 440-5100 · Bought with: Sokrat Arzumanyan · Beverly & Company Luxury Properties · MLS #P1-27267 · Source: CRMLS
How this sale compares
1157 1165 Lake Avenue sold for $2,275,000 in August 2026, 5.2% under its $2,400,000 list price, after 95 days on the market. Across 113 closed sales in 91104 over the last 12 months, the median sold price is $1,325,000 and the median is $850 per square foot.
| Quarter | Closed sales in 91104 | Median sold price |
|---|---|---|
| Q1 2026 | 9 | $1,050,000 |
| Q2 2026 | 52 | $1,325,000 |
| Q3 2026 | 49 | $1,325,000 |
| Q4 2026 | 3 | $960,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Pasadena · Homes for sale in 91104
Description
Exceptional value-add investment opportunity in highly desirable Pasadena, ideally located just north of Mountain Street along vibrant Lake Avenue. This 1922 Spanish-style quadruplex features four spacious 2-bedroom, 1-bath units with an attractive unit mix ideal for strong long-term rental demand.Each unit offers generous layouts with timeless architectural charm, including hardwood floors, original built-ins, formal dining rooms, and breakfast nooks. Select system updates include portions of upgraded electrical, copper plumbing plus in-unit laundry hookups that add convenience and tenant appeal.The property includes a large shared backyard, four single-car garages, and significant upside potential for investors seeking to increase value through renovations, rental repositioning, or possible future expansion. Three units are currently tenant-occupied and professionally managed, providing immediate income stability, while one unit will be delivered vacant--creating an excellent opportunity for immediate improvements and market-rate leasing.Zoned PSC, this property offers compelling flexibility and future potential in one of the area's most desirable rental corridors. A rare chance to acquire a character-rich asset with income today and upside for tomorrow.
Listing description from the August 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 1157 1165 Lake Avenue
1044 N Hudson Avenue: Sold $1,008,000 · 2 bd · 2 ba · 1,106 sqft · Aug 2026 · 0.1 mi
Berkshire Hathaway Home Services Golden Properties | DRE #01936718
Buyer's agent: Nathalie Abdoyan, Berkshire Hathaway Golden Prop | DRE #020195551177 N Catalina: Sold $1,725,000 · 3 bd · 2 ba · 1,383 sqft · Aug 2026 · 0.2 mi
Volant Realty Partners Inc | DRE #01995451
Buyer's agent: Nina Steenwyk, Keller Williams Los Angeles | DRE #023804801250 N El Molino Avenue: Sold $1,125,000 · 3 bd · 2 ba · 1,568 sqft · Aug 2026 · 0.2 mi
E Realty | DRE #01995864
Buyer's agent: Jessica Romero, NONMEMBER MRML | DRE #019209211190 N Wilson Avenue: Sold $2,275,000 · 4 bd · 2 ba · 1,834 sqft · Sep 2026 · 0.3 mi
Keller Williams Realty | DRE #01920921
Buyer's agent: Brandon King, LPT Realty, LLC | DRE #018194591315 N Wilson Avenue: Sold $1,100,000 · 4 bd · 3 ba · 1,878 sqft · Jul 2026 · 0.3 mi
COMPASS | DRE #01098628
Buyer's agent: Zackary Hunt, EXP Realty | DRE #021657681085 N Mar Vista Avenue: Sold $1,420,000 · 4 bd · 2 ba · 1,907 sqft · Aug 2026 · 0.3 mi
Sotheby's International Realty, Inc. | DRE #01164731
Buyer's agent: Heather Sanderson, The Agency | DRE #01881548590 Prescott Street: Sold $960,000 · 2 bd · 1 ba · 1,072 sqft · Oct 2026 · 0.3 mi
Coldwell Banker Envision | DRE #01969643
Buyer's agent: Lisa Ashworth, The Agency | DRE #01330150831 E Rio Grande Street: Sold $1,650,000 · 3 bd · 3 ba · 1,968 sqft · Jul 2026 · 0.4 mi
NDA Inc | DRE #02139455
Buyer's agent: Robin Banks, BHHS California Properties | DRE #01814639
Closed sales reported in 91104, nearest first, last 12 months. All recent sales in Pasadena →