650 S Lake Ave, Pasadena, CA 91106

Pasadena
Local realty services provided by:ERA Donahoe Realty
650 S Lake Ave,Pasadena, CA 91106
$14,380,000
  • 11 Beds
  • 13 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: grace lee
Office: graceland investment, inc.
MLS#:TR26122576
Source:San Diego MLS via CRMLS

Price summary

  • Price:$14,380,000

About this home

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.

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Home facts

  • Listing ID #:TR26122576
  • Added:64 day(s) ago
  • Updated:August 11, 2026 at 02:07 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:13

Finances and disclosures

  • Price:$14,380,000
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