Search
924 N Lake Ave, Pasadena, CA 91104
View Photos

924 N Lake Ave Pasadena, CA 91104

$3,250,000 Sold Price as of 12/31/2020
  • 2 Beds
  • 2 Baths
  • 9,104 Sq.Ft.
Sold
$3,250,000 Sold Price as of 12/31/2020 Refinance Your Mortgage
Map preview of 924 N Lake Ave, Pasadena, CA 91104

Property Overview: 924 N Lake Ave Pasadena, CA has 2 bedrooms, 2 bathrooms, 9,104 living square feet and 27,487 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Exceptional value-add property, home to the iconic Roma Market! This property has excellent street visibility & sits on the signalized corner of N Lake Ave. & E Mountain St., featuring parking lot access from both streets. The property consists of seven units, 5 of which are retail spaces, plus 2 apartments, both 1 bedroom 1 bath. The 5 retail spaces total 7,875 Sq.Ft. & the 2 residential spaces total 1,229 Sq.Ft for a total of 9,104 Sq.Ft. It sits on a total of 3 lots, totaling 27,487 Sq.Ft. The retail tenants are all long-term tenants with commercial leases expiring in 2021, 2022 and 2023, & the residential leases are month to month. All commercial leases are AIR Commercial Leases, Multi-tenant, Lease-gross. The buildings were built in 1964 & 1968, and are in good condition. They can easily be improved with exterior paint, landscaping & other exterior improvements. Tenants pay for gas & electric. **Property consists of 3 APNs. See attached marketing package.

Listed by Maren Impala | BRE #02094135 | Siemienowski & Associates
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
27,487
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20652340
City
Pasadena
County
Los Angeles
Time on Site
1410 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $909
  • Total Rent: $1,818
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $4,253
  • Total Rent: $4,253
  • Pro Forma/Market Rent: $6,075
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $2,448
  • Total Rent: $2,448
  • Pro Forma/Market Rent: $3,930
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $2,430
  • Total Rent: $2,430
  • Pro Forma/Market Rent: $4,050
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $3,412
  • Total Rent: $3,412
  • Pro Forma/Market Rent: $5,250
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $2,613
  • Total Rent: $2,613
  • Pro Forma/Market Rent: $4,320
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.6
  • Gross Scheduled Income: --
  • Net Operating Income: $118,801
  • Gross Operating Income: $219,549
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 924 N Lake Ave

Interior Features
Cooling Information
  • Has Cooling
  • Evaporative Cooling
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Other
Property Information
  • Total # of Units: 7
  • Parcel Number: 5740016032
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Exit N Lake from 210, Go North, corner of N Lake & Mountain St
View more facts & features

Local Pasadena Agent

Sale History for 924 N Lake Ave

Last sold for $3,250,000 on December 31st, 2020

  • January, 2021

  • Jan 5, 2021

    Date

    Sold

    CRMLS: 20652340

    $3,250,000

    Price

  • Nov 16, 2020

    Date

    Pending

    CRMLS: 20652340

    $3,795,000

    Price

  • Nov 9, 2020

    Date

    Active

    CRMLS: 20652340

    $3,795,000

    Price

  • December, 2020

  • Dec 31, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,250,000

    Price

  • February, 2019

  • Feb 25, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 924 N Lake Ave

Assessed Value (2020): $402,928
Year Land Value Improved Value Assessed Value
2020 $131,118 $271,810 $402,928

Home Value Compared to the Market

This property vs the competition

924 N Lake Ave sold on December 31, 2020 for 216.25% higher than the current median sold price for the city of Pasadena which is $1,200,000. The median sold price per/sqft for Pasadena is $781 and this home is sold at $416.85 per/sqft which puts the price per square foot 46.63% lower than the current median sale per square foot for the city of Pasadena.

About 924 N Lake Ave

Detailed summary of property

924 N Lake Ave is a multi family that recently sold in Pasadena, CA 91104. This multi family property offered 2 bedrooms, 2 bathrooms, roughly 9,104 living square feet, and sits on an approximately 27,487 square foot lot. 924 N Lake Ave was first listed on ArdentRealEstateGroup.com on November 9, 2020. The homeowner sold the property for $3,250,000. Home in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 216.25% higher than the current median priced home. Local homes that are currently for sale include 234 N Chicago St, 138 N Soto St and 1006 S Record Ave. While the average home in Pasadena, CA is selling in 56 days, 924 N Lake Ave has a days on market of 6 days. There are currently 335 homes for sale in the Pasadena real estate market and 179 of them are single family homes while 119 of them are condos and 37 are townhomes. For more information on this home for sale at 924 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 924 N Lake Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
9,104
Lot Size
18,491
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,23
APN
5740-016-032

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
$1,395,000
Median List Price/Sq.Ft.
$795
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$915
Total Inventory
36
Median Sale to List Price %
114.39%
Avg Days on Market
21
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 924 N Lake Ave

Nearby Homes for Sale

147 N Michigan Ave, Pasadena, CA 91106
$3,500,000
13 Beds
12 Baths
6050 Sq.Ft.
147 N Michigan Ave
Pasadena, CA 91106
664 Mira Monte Pl, Pasadena, CA 91101
$3,400,000
6 Beds
9 Baths
0 Sq.Ft.
664 Mira Monte Pl
Pasadena, CA 91101
1998 E Villa St, Pasadena, CA 91107
$3,000,000
8 Beds
9 Baths
5750 Sq.Ft.
1998 E Villa St
Pasadena, CA 91107
306 E California Blvd, Pasadena, CA 91106
$3,500,000
8 Beds
6 Baths
5803 Sq.Ft.
306 E California Blvd
Pasadena, CA 91106
654 Bellefontaine St, Pasadena, CA 91105
$3,900,000
2 Beds
3 Baths
3756 Sq.Ft.
654 Bellefontaine St
Pasadena, CA 91105
616 San Pascual Ave, Los Angeles, CA 90042
$3,700,000
32 Beds
16 Baths
15008 Sq.Ft.
616 San Pascual Ave
Los Angeles, CA 90042
144 S Avenue 55, Los Angeles, CA 90042
$3,825,000
19 Beds
16 Baths
11048 Sq.Ft.
144 S Avenue 55
Los Angeles, CA 90042
3650 Eagle Rock Blvd, Los Angeles, CA 90065
$2,700,000
0 Beds
0 Baths
4236 Sq.Ft.
3650 Eagle Rock Blvd
Los Angeles, CA 90065
1684 Murchison St, Los Angeles, CA 90033
$3,875,000
32 Beds
18 Baths
12052 Sq.Ft.
1684 Murchison St
Los Angeles, CA 90033
3235 Andrita St, Los Angeles, CA 90065
$2,800,000
20 Beds
15 Baths
11329 Sq.Ft.
3235 Andrita St
Los Angeles, CA 90065
1943 Hancock St, Los Angeles, CA 90031
$2,780,000
14 Beds
12 Baths
6454 Sq.Ft.
1943 Hancock St
Los Angeles, CA 90031
2140 Lemoyne St, Los Angeles, CA 90026
$2,875,000
3 Beds
2 Baths
-- Sq.Ft.
2140 Lemoyne St
Los Angeles, CA 90026

Recently Sold Homes Near 924 N Lake Ave

934 N Lake Ave, Pasadena, CA 91104
$1,433,000 Last Sold Price
7 Beds
6 Baths
3696 Sq.Ft.
934 N Lake Ave
Pasadena, CA 91104
1562 N Lake Ave, Pasadena, CA 91104
$1,305,000 Last Sold Price
7 Beds
6 Baths
3793 Sq.Ft.
1562 N Lake Ave
Pasadena, CA 91104
831 Boylston St, Pasadena, CA 91104
$1,100,000 Last Sold Price
5 Beds
3 Baths
2790 Sq.Ft.
831 Boylston St
Pasadena, CA 91104
784 Boylston St, Pasadena, CA 91104
$1,156,000 Last Sold Price
6 Beds
4 Baths
2912 Sq.Ft.
784 Boylston St
Pasadena, CA 91104

Related Resources to 924 N Lake Ave

New Listings in 91104
Popular Zip Codes
Popular Cities
Other Pasadena Resources

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.

Refi Quote