About 650 S Lake Ave
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.
Features of 650 S Lake Ave
| MLS® # | TR26122576 |
|---|---|
| Price | $13,000,000 |
| Bedrooms | 11 |
| Bathrooms | 13.00 |
| Acres | 0.39 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Active |
Community Information
| Address | 650 S Lake Ave |
|---|---|
| Area | PASADENA (91106) |
| City | Pasadena |
| County | Los Angeles |
| State | CA |
| Zip Code | 91106 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Fireplace | Yes |
|---|
Exterior
| Lot Description | Sidewalks |
|---|
Additional Information
| Date Listed | June 7th, 2026 |
|---|---|
| Days on Market | 89 |
| Zoning | Builder |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Graceland Investment, Inc. |
|---|