Price Reduced Listing
$13,000,000
 $69,787 est/mo Sourced by Back At You

650 S Lake Ave,Pasadena, CA 91106

Pasadena, CA 91106

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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.

Details

MLS #TR26122576
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year2010
Days On Site89
Listing Provided ByGraceland Investment, Inc. | Grace Lee

Features

SQ Feet21,260
Garage2
Story(s)2
Units12
Building(s)2
Acreage0.39

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesGutters, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityPasadena
Zip Code91106
Area648 Pasadena (SE)
Listing VS Median (in 91106)
Price:
$13,000,000
low | high
Med:
$799,450
100% of Average
sqft:
21,260
low | high
Med:
1,458
100% of Average
$ / sqft:
$611
low | high
Med:
$560
58.440008953312% of Average
On site:
89
low | high
Med:
262
33.969465648855% of Average
Sourced by Back At You

Market Activity 91106

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Contact

Learn More About This Property

Jeff Rayborn

Jeff Rayborn

Desert Lifestyle Properties

02062886 (323) 833-5529jeff@desertlifestyleproperties.com
StateCA
CountyLos Angeles
CityPasadena
Zip Code91106
Area648 Pasadena (SE)
Listing VS Median (in 91106)
Price:
$13,000,000
low | high
Med:
$799,450
100% of Average
sqft:
21,260
low | high
Med:
1,458
100% of Average
$ / sqft:
$611
low | high
Med:
$560
58.440008953312% of Average
On site:
89
low | high
Med:
262
33.969465648855% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $9.75M - $16.25M
sqft: 15,500 - 26,500
Nearby Listings Property ImageNearby Listings Details
1145 Arden Road Property Photo 1
$45,000,000
1145 Arden Road
Pasadena, CA 91106
Listing Updated: September 2, 2026 at 8:54:05 AM PDT
Jeff Rayborn
License #: 02062886
(323) 833-5529
Desert Lifestyle Properties - 200 N Sunrise Way Ste.B.
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Jeff Rayborn - Desert Lifestyle Properties