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1562 N Lake Ave
Pasadena, CA 91104 Lexington Heights

$1,699,000 USD

Apartments For Sale • 3,793 SF

Property Details

Property Type Apartments
Total Building Size 3,793 SF
Lot Size 0.27 AC
Building Class C
Year Built 1907
Cap Rate 4.91 %
Zoning Co SP-1a LD-16

40 Transit Score

60 Walk Score

                
                    Highlights
                
                                4-Unit Multifamily (Qualifies for Residential Financing).
                            
                                Great mix of 2 Bedroom and 1 Bedroom Units!
                            
                                Each Unit has their own Covered Carport Parking.

Financial Summary (Actual)

Net Operating Income: $83,498 USD (2025)

Cap Rate:	4.91 %
Total Expenses:	$27,142 USD

Public Transportation

Airport	Drive	Walk	Distance
Bob Hope	26 min	-	18.7 mi
Los Angeles International	44 min	-	27.3 mi
Long Beach (Daugherty Field)	46 min	-	28.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Covered
Included in Rent:	Yes

Donald La ATLAS GROUP - EXP REALTY

1562 N Lake Ave Pasadena, CA 91104 Lexington Heights