1550 N Lake Ave, Pasadena, CA 91104
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1550 N Lake Ave Pasadena, CA 91104

$1,800,000 Sold Price as of 10/06/2022
  • 3 Beds
  • 176 Baths
  • -- Sq.Ft.
Sold
$1,800,000 Sold Price as of 10/06/2022 Refinance Your Mortgage

Map preview of 1550 N Lake Ave, Pasadena, CA 91104

Property Overview: 1550 N Lake Ave Pasadena, CA has 3 bedrooms, 176 bathrooms, -- living square feet and 11,897 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Stately 1924 Mediterranean Triplex perfectly sited on an oversized 11,897 square foot lot. This delightfully remodeled complex features a two bed, two bath upstairs unit with central AC, private laundry, hardwood floors and its own entrance and patio. Downstairs offers a one bed, one bath unit with private laundry and also a studio with its own laundry. One garage space for each unit and a additional storage area for owner's use or as a rental storage unit. Close to shopping, dining and mass transit, this beautiful property elegantly displays a deep setback from the street and immense curb appeal. Enjoying the current North Lake Street renaissance, this incredibly well restored and preserved showplace should continue to benefit from the area's transformation as Pasadena strives to recreate the success it has had with its South Lake redevelopment.

Listed by Matthew Littell | BRE #01329989 | COMPASS
Last checked: 8 minutes ago | Last updated: April 17th, 2024 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
11,897
HOA Dues
$0/mo
Year built
1924
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
P1-11040
City
Pasadena
County
Los Angeles
Time on Site
623 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 175
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,625
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,195
  • Total Rent: --
Unit Breakdown 3
  • # of Units: --
  • # of Beds: --
  • # of Baths: --
  • Total Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $79,380
  • Net Operating Income: $57,828
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $21,552
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $3,000
  • Insurance: $3,702
  • Water/Sewer: $0

Property Details for 1550 N Lake Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned, Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Parcel Number: 5848033006
  • Year Built Source: Assessor
  • Architectural Style: Mediterranean, Spanish
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: East side of Lake, north of Washington
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 1550 N Lake Ave

Last sold for $1,800,000 on October 6th, 2022
  • October, 2022

  • Oct 6, 2022

    Date

    Sold

    CRMLS: P1-11040

    $1,800,000

    Price

  • Aug 27, 2022

    Date

    Active

    CRMLS: P1-11040

    $1,899,000

    Price

  • November, 2018

  • Nov 21, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2016

  • Oct 25, 2016

    Date

    Sold

    CRMLS: AR16200245

    $1,100,000

    Price

  • Sep 21, 2016

    Date

    Active Under Contract

    CRMLS: AR16200245

    $1,200,000

    Price

  • Sep 12, 2016

    Date

    Price Change

    CRMLS: AR16200245

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful Mediterranean style Triplex built in 1924 on large 11,897 sq ft lot. Complex consists of 3 units upstairs unit is 2 bedroom 1.75 bath with central air, hardwood floors, large patio, private entrance and private laundry. Downstairs is a one bedroom, one bath with private laundry and one studio unit. Plumbing updated approximately 2 years ago. Conveniently located within walking distance to shopping and transportation. Buyer/Broker to verify with city regarding development. Lot size 61 by 195.

  • October, 2016

  • Oct 24, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

Show More

Tax History for 1550 N Lake Ave

Assessed Value (2020): $1,167,328
Year Land Value Improved Value Assessed Value
2020 $700,397 $466,931 $1,167,328

Home Value Compared to the Market

This property vs the competition

1550 N Lake Ave sold on October 6, 2022 for 51.92% higher than the current median sold price for the city of Pasadena which is $1,250,000.

About 1550 N Lake Ave

Detailed summary of property

1550 N Lake Ave is a multi family that recently sold in Pasadena, CA 91104. This multi family property offered 3 bedrooms, 176 bathrooms, roughly -- living square feet, and sits on an approximately 11,897 square foot lot. 1550 N Lake Ave was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $1,800,000. Home in Pasadena are selling for a median price of $1,250,000 and a median price per square foot of $763. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 51.92% higher than the current median priced home. Local homes that are currently for sale include 1461 Hepner Ave, 1461 Hepner Ave and 6104 York Blvd. While the average home in Pasadena, CA is selling in 54 days, 1550 N Lake Ave has a days on market of 4 days. There are currently 263 homes for sale in the Pasadena real estate market and 160 of them are single family homes while 78 of them are condos and 25 are townhomes. For more information on this home for sale at 1550 N Lake Ave Pasadena, CA 91104 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1550 N Lake Ave

Public county record property details
Beds
3
Baths
3
Year built
1924
Sq. Ft.
3,022
Lot Size
11,897
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5848-033-006

The source for these homes facts are from public records.

91104 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,275,000
Median List Price/Sq.Ft.
$867
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$849
Total Inventory
26
Median Sale to List Price %
120.12%
Avg Days on Market
20
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (30%), Other (30%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.