650 S Lake Ave, Pasadena, CA 91106
List Price: $13M
Listing Status: Active
Original List Price: $14.38M
0Days on Market: 87
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 2010
Lot Size: 16,988 sq ft
Garage Spaces: 2
Private Pool: Yes
MLS Number: TR26122576
About This Property
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.
Listing provided by: Grace Lee DRE #01178535 626-327-4377 gracemjlee@gmail.com, Graceland Investment, Inc.
Source: CRMLS, MLS #: TR26122576
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.