Description

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.

Property details

Year built

2010

Property type

Residential Income

Lot size

16,988 sqft

Location

650 S Lake Ave • Pasadena, CA 91106

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Listed by

Grace Lee · Graceland Investment, Inc.

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972 E California Boulevard 306: Sold $660,000 · 2 bd · 2 ba · 1,104 sqft · Jun 2026 · 0.1 mi
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15 Oak Knoll Gardens Drive: Sold $1,528,000 · 3 bd · 2 ba · 1,049 sqft · Aug 2026 · 0.2 mi
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339 S Catalina Avenue 320: Sold $502,500 · 1 bd · 1 ba · 738 sqft · Jun 2026 · 0.4 mi
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704 S Oakland Avenue: Sold $3,175,000 · 5 bd · 4 ba · 3,400 sqft · Jul 2026 · 0.4 mi
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Closed sales reported in 91106, nearest first, last 12 months. All recent sales in Pasadena →

Residential Income - 650 S Lake Ave, Pasadena, CA