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$ 14,380,000
Est. payment /mo
Active
650 S Lake Ave Pasadena, CA 91106
0.39 Acres Lot
UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26122576
HOA Y/N No
Year Built 2010
Lot Size 0.390 Acres
Property Sub-Type Townhouse
Property Description
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.
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.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Interior
Fireplace No
Laundry Laundry Closet
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Gutter(s), Sidewalks
Amenities Available Trash, Water
Total Parking Spaces 2
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
HOA Fee Include Pest Control
Senior Community No
Tax ID 5327020042
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Grace Lee Graceland Investment, Inc. 626-327-4377, DRE #01178535
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