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1165 N Lake Avenue, Pasadena, California 91104, Pasadena, 91104 - bed, bath

1165 N Lake Avenue, Pasadena, California 91104 home-pic-0
ACTIVE$2,000,000
1165 N Lake Avenue, Pasadena, California 91104
0Bed
0Bath
2,304Sqft
10,570Lot
Year Built
1922
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$868
HOA
-
Days on market
-
Sold On
-
MLS number
P1-22740
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.00M(77th), sqft - 2304(54th), beds - undefined(50th), baths - undefined(50th).

Step into this beautifully preserved 1922 Spanish-style duplex, ideally located just above Mountain Street on vibrant Lake Avenue. Each unit features 2 bedrooms and 1 bath, blending timeless charm with thoughtful updates, including hardwood floors, original built-ins, a formal dining room, and a cozy breakfast nook.The spacious layouts are filled with natural light, complemented by some updated electrical and in-unit laundry hookups. A generous shared backyard provides plenty of space to relax or entertain.With two single-car garages, this property offers the best of urban living with classic architectural character. Both units are currently tenant-occupied and professionally managed.

Condition Rating
Fair
Built in 1922, this Spanish-style duplex is described as 'beautifully preserved' with 'thoughtful updates' including hardwood floors and some updated electrical. However, the visible bathroom features a very dated aesthetic with green cabinetry, a pedestal sink, and older light fixtures, indicating renovations that are likely 15-30+ years old. While the property is maintained and functional, major systems (like plumbing, HVAC, and roofing) are likely original or very old, and the overall style is significantly outdated, requiring substantial modernization to meet contemporary standards, especially in the kitchen (not pictured) and bathrooms.
Pros & Cons

Pros

Income-Generating Duplex: This property is a residential income duplex with two units, each featuring 2 bedrooms and 1 bath, providing immediate rental income as both units are currently tenant-occupied and professionally managed.
Historic Spanish-Style Architecture: A beautifully preserved 1922 Spanish-style duplex, it boasts timeless charm and classic architectural character, appealing to buyers who appreciate historical aesthetics.
Desirable Pasadena Location: Ideally located just above Mountain Street on vibrant Lake Avenue in Pasadena, offering excellent urban living access and proximity to amenities.
Charming Interior Features & Updates: Units feature hardwood floors, original built-ins, formal dining rooms, cozy breakfast nooks, spacious layouts with natural light, some updated electrical, and in-unit laundry hookups.
Generous Outdoor Space & Parking: The property includes a generous shared backyard for relaxation and entertainment, complemented by two single-car garages, providing valuable off-street parking.

Cons

Age-Related Maintenance & Systems: Built in 1922, the property, despite preservation, may require significant future investment in updating major systems such as plumbing, HVAC (not mentioned), and roofing, beyond the 'some updated electrical'.
Shared Outdoor Space: While generous, the backyard is shared, meaning individual units lack private outdoor areas, which might be a drawback for tenants or owner-occupants seeking exclusive outdoor living.
Lack of Specific Views: The property details explicitly state 'view: None,' which could be a limiting factor for buyers prioritizing scenic outlooks or panoramic vistas.

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