Property Details
About this Property
REDEVELOPMENT OPPORTUNITY: Here is a rare opportunity to acquire a prime infill site in the heart of the newly adopted North Lake Specific Plan (NLSP). Located at 1104 N. Lake Ave, this 8,618 SF parcel sits within the high-growth Washington Place subarea, designated for Washington Mixed-Use (NLSP-WMU). This zoning is a cornerstone of Pasadena's 'Great Streets' initiative, designed to transform this corridor into a vibrant, pedestrian-first urban village.The site currently features a well-maintained 3-unit residential with a 4th non-conforming dwelling, providing immediate cash flow during the entitlement process. The true value lies in the Maximum Build-Out Potential. Under current NLSP standards, the site supports a base density of 48 units per acre (approx. 10 units). By utilizing the State Density Bonus (AB 1287/SB 1818), developers can achieve an estimated 15-20 units with a 4-story 'Wedding Cake' structure. Boasting a 'Very Walkable' score, the site is steps from Washington Park, the historic Bungalow Heaven district, and the thriving retail nodes of Washington Blvd. It serves as a critical link to the Metro A Line (Lake Station), making it a 'Transit-Priority Area' (TPA) that qualifies for significant parking reductions and expedited CEQA processing.Position your portfolio
MLS Listing Information
MLS #
CRP1-26233
MLS Source
California Regional MLS
Days on Site
5
Interior Features
Appliances
Oven Range - Gas, Refrigerator, Dryer
Laundry
Community Facility
Cooling
Window/Wall Unit
Heating
Gas
Exterior Features
Roof
Shingle
Foundation
Raised
Pool
None
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 500 | – | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1104 N Lake Ave is a Residential Income in Pasadena, CA 91104. This – square foot property sits on a 8,612 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,358,000 and was built in 1951. This address can also be written as 1104 N Lake Ave, Pasadena, CA 91104.
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This listing information is up-to-date as of March 13, 2026. For the most current information, please contact Baron Castillo, (818) 605-2626
