650 S Lake Ave, Pasadena, CA 91106

Pasadena
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
650 S Lake Ave,Pasadena, CA 91106
$14,380,000
  • - Beds
  • - Baths
  • 21,260 sq. ft.
  • Multi-family
  • Active
Listed by: grace lee
Office: graceland investment, inc.626-327-4377
MLS#:TR26122576
Source:CRMLS

Price summary

  • Price:$14,380,000
  • Price per sq. ft.:$676.39

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

  • Year built:2010
  • Listing ID #:TR26122576
  • Added:59 day(s) ago
  • Updated:August 06, 2026 at 11:11 AM

Rooms and interior

  • Living area:21,260 sq. ft.

Structure and exterior

  • Year built:2010
  • Building area:21,260 sq. ft.
  • Lot area:0.39 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$14,380,000
  • Price per sq. ft.:$676.39

Parking

  • Total parking spaces:2
  • Garage:Yes
  • Garage spaces:2
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