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Listed by: Grace Lee (626) 327-4377 DRE #01178535 | Graceland Investment, Inc. (626) 327-4377
$13,000,000
Monthly Est:$64,706
11 Beds
13 Baths
21,260sqft
650 S Lake Ave, Pasadena, CA 91106
$13,000,000
$64,706/moEst:
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Townhouse
Built in 2010
$-- HOA
16,988 sqft lot
$611/sq.ft
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.
- Houzeo last checked: 1 hour ago
- Listing updated: September 2, 2026 at 4:38 pm
- Source: California Regional MLS-CA | MLS#: TR26122576
Property Details
Status
Active
Type
Townhouse
No. of Stories
2
County
City
Neighborhood
Year Built
2010
HOA Fees
-
Finished Area
21,260 sqft
Lot Size
16,988 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
TR26122576
MLS Status
Active
Days on Market
122
Cumulative Days on Market
87
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 13
Interior
Sewer
Public Sewer
Utilities & Energy
Water Source
Public
Laundry Features
Laundry Closet
Association Amenities
Trash, Water
Pool Features
None
Other Features
Community Features
Gutters, Sidewalks
Tenant Pays
Electricity, Gas
Price History
| Date | Event | Price |
|---|---|---|
06/07/2026 Source: | Price Decreased | $13,000,000 -9.60% $611/sqft |
06/07/2026 Source: | Listed for Sale | $14,380,000 $676/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 08, 2026, 11:00AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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