$13,000,000
Overview
Prime location in the heart of Pasadena. Gated 12 units luxury townhomes. Built in 2010. One unit is a 2 bedrooms and all other 11 units are 3 bedrooms with 2.5 or 3.5 bedrooms. Underground parking. Each unit has a 2 car garage. New exterior paint and new backyard concrete. Super convenient location, walking distance to shops, supermarkets and lots of restaurants. Close to Cal Tech, playhouse district, and The Huntington Library Currently rent are low because mostly long term tenants and well qualified tenants A Rare Value-Add Opportunity: Originally developed as a 12-unit townhome community, each residence already has its own separate APN. A future owner may have the opportunity to establish an HOA and pursue individual unit sales, creating multiple exit strategies beyond traditional long-term rental ownership.
MLS #
TR26122576MR
Listed on
Jun 05, 2026
Status
Active
Price
$13,000,000
Type
Residential Income
Size of home
21260
Beds / Baths
35 / 42.00
Size of lot
16988
Location address
650 S Lake Ave
PASADENA 91106
PASADENA 91106
General Information
Original List Price
$14,380,000
Price Per Sq/Ft
$611
Complex Features
Gutters, Sidewalks
Pool
Yes
Spa
No
Year Built
2010
Laundry
In Closet
Fireplace
No
Parking Spaces
2
Sale Type
Standard
Common Walls
Attached
Courtesy of:
Grace Lee /
Graceland Investment, Inc.