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.
AGENT: Grace Lee LISTING BROKERAGE: Graceland Investment, Inc.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.
Courtesy of Graceland Investment, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 650 S Lake Ave
Pasadena, CA
Property Details
Price:
$13,000,000
MLS #:
TR26122576
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Townhouse
Neighborhood:
648pasadenase
Listed Date:
Jun 7, 2026
Total Sq Ft:
21,260
Lot Size:
16,988 sqft / 0.39 acres (approx)
Year Built:
2010
See this Listing
Schools
Interior
Laundry Features
ICL
Exterior
Common Walls
_2CW
Community Features
SDW, CW
Garage Spaces
2
Parking Spots
2
Parking Total
2
Financial
Maintenance Fee
$2,400
Map
Community
- Address650 S Lake Ave Pasadena CA
- CityPasadena
- CountyLos Angeles
- Zip Code91106
