Pasadena homes
For sale147 days on market
$13,000,000

650 S Lake Ave, Pasadena, CA 91106

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Beds
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Baths
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Sq ft

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.

Type
Townhouse
Year built
2010
Lot
16,988 sq ft
Garage
2 car
HOA
None
Pool
No
View
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Solar
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Estimated payment
$81,985/mo
  • Principal & interest$65,735
  • Property tax (est.)$12,458
  • Home insurance (est.)$3,792

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Grace Lee, Graceland Investment, Inc., 626-327-4377. MLS# TR26122576. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:13 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.

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