9
See all 9 photos
$14,380,000
Est. payment /mo
11 Beds
13 Baths
0.39 Acres Lot
Active
650 S Lake Ave Pasadena, CA 91106
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26122576
Bedrooms 11
Lot Size 0.390 Acres
Property Sub-Type Res Income 2-4 Units
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.
Location
State CA
County Los Angeles
Zoning Builder
Direction South of E California Blvd.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
HOA Fee Include Trash Pickup,Water
Senior Community No
Tax ID 5327020042
Listed by Grace Lee, DRE#01178535 Graceland Investment, Inc.
NEARBY SCHOOL & BUSINESS
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