1562 N Lake Ave
Description
- Listed by DONALD LA • DRE #01928418 • Brokerage DRE #02003950 • KW Executive • 626-888-2995
Property Details for 1562 North Lake Avenue
Property Details for 1562 North Lake Avenue
| Status | Active |
|---|---|
| MLS # | WS25125882 |
| Days on Market | 42 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1907 |
| Lot Size | 0.27 AC / 11,936 SF |
| County | Los Angeles County |
Location
Building Information for 1562 North Lake Avenue
Payment Calculator
$10,260 per month
30 year fixed, 6.845% Interest
$8,902
$1,358
$0
Property Information for 1562 North Lake Avenue
- Gross Income: $105,600
- Gross Scheduled Income: $105,600
- Net Operating Income: $78,458
- Gross Multiplier: 16.09
- Cap Rate: 4.62
- Operating Expense: $27,142
- New Taxes Expense: $18,604
- Gardener Expense: $2,100
- Fuel Expense: $287
- Electric Expense: $958
- Insurance Expense: $3,000
- Trash Expense: $368
- Water Sewer Expense: $688
- Total Expenses: $27,142
- Tax Tract Number: 461400
- CFD/Mello-Roos Fee: $1,137
- Tax Lot: 4
- Community Features: Urban
- Laundry: Yes
- Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Levels: One, Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $3,300
- Unit Type Total Rent: $3,300
- Unit Type Pro Forma: 3500
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,500
- Unit Type Total Rent: $1,500
- Unit Type Pro Forma: 1700
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,500
- Unit Type Total Rent: $2,500
- Unit Type Pro Forma: 3200
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,500
- Unit Type Total Rent: $1,500
- Unit Type Pro Forma: 2600
- Unit Type Type: 4
- Number Of Units Leased: 4
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 3
- Number Of Separate Gas Meters: 2
- Number Of Separate Water Meters: 1
Property History for 1562 North Lake Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jun 5, 2025 | Listed (Active) SDMLS #WS25125882 | $1,699,000 | — |
| Jun 5, 2025 | Listed (Active) CRMLS #WS25125882 | $1,699,000 | — |
| Jun 5, 2025 | Listed (Active) CLAW #WS25125882MR | $1,699,000 | — |
| Dec 2, 2020 | Sold CLAW #WS20234758MR | $1,305,000 | — |
| Dec 2, 2020 | Sold SDMLS #WS20234758 | $1,305,000 | — |
| Dec 2, 2020 | Sold CRMLS #WS20234758 | $1,305,000 | — |
| Nov 18, 2020 | Sold (Public Record) Public Record #684088297 | $1,305,000 | — |
| Nov 17, 2020 | Pending CRMLS #WS20234758 | — | |
| Nov 17, 2020 | Pending SDMLS #WS20234758 | — | |
| Nov 17, 2020 | Pending CLAW #WS20234758MR | — | |
| Nov 9, 2020 | Listed (Active) SDMLS #WS20234758 | $1,295,000 | — |
| Nov 9, 2020 | Listed (Active) CLAW #WS20234758MR | $1,295,000 | — |
| Nov 9, 2020 | Listed (Active) CRMLS #WS20234758 | $1,295,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 06/05/2025 | Listed (Active) SDMLS #WS25125882 | $1,699,000 |
| 06/05/2025 | Listed (Active) CRMLS #WS25125882 | $1,699,000 |
| 06/05/2025 | Listed (Active) CLAW #WS25125882MR | $1,699,000 |
| 12/02/2020 | Sold CLAW #WS20234758MR | $1,305,000 |
| 12/02/2020 | Sold SDMLS #WS20234758 | $1,305,000 |
| 12/02/2020 | Sold CRMLS #WS20234758 | $1,305,000 |
| 11/18/2020 | Sold (Public Record) Public Record #684088297 | $1,305,000 |
| 11/17/2020 | Pending CRMLS #WS20234758 | — |
| 11/17/2020 | Pending SDMLS #WS20234758 | — |
| 11/17/2020 | Pending CLAW #WS20234758MR | — |
| 11/09/2020 | Listed (Active) SDMLS #WS20234758 | $1,295,000 |
| 11/09/2020 | Listed (Active) CLAW #WS20234758MR | $1,295,000 |
| 11/09/2020 | Listed (Active) CRMLS #WS20234758 | $1,295,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1562 North Lake Avenue
Schools near 1562 North Lake Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Longfellow (Henry W.) Elementary School PublicK to 5 | ||
Eliot Arts Magnet Public6 to 8 | ||
Pasadena High School Public9 to 12 | ||
Marshall Fundamental School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of KW Executive, DONALD LA, DRE #01928418
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.