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Listed by Graceland Investment, Inc., Grace Lee, Listing Contact: 626-327-4377 
11 Beds
13 Baths

$13,000,000

650 S Lake Ave, Pasadena CA, 91106

Property typeMulti-family

Overview

Active

Listed Jun 7, 2026

Updated Sep 3

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.

$86,489/mo

Est. mortgage payment based on a $13,000,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
TR26122576

Interior Features

Bedrooms
11
Bathrooms
13
Basement
No

Exterior Features

Lot Size
0.39 Acres

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Data last updated 5:42 AM UTC, 9/3/2026

   

 

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