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Description Open House Details Location Schools Recent Sales
$14,380,000 Est. $52,951 / mo.*

650 S Lake Ave Pasadena , CA 91106

Property listed by Graceland Investment, Inc., Grace Lee {attribution_contact}

Description

12 Units
Property Type: Townhouse
Status: Active
Year Built: 2010
Days on Website: 72
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.

Open House

Property Details and Features

Building
Built in 2010
2 buildings
2 stories
Entry level:
1
Entry location:
Front
Community
Gutters
Sidewalks
Expenses
Gardener:
$3,000
Insurance:
$31,257
Licenses:
$2,568
Maintenance:
$2,400
Operating:
$12,000
Pest Control:
$1,020
Trash:
$832
Water/Sewer:
$2,300
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Tour This Home

Contact an Agent

Christopher Lechner

(562) 972-0388

Location

$14,380,000 -
650 S Lake Ave Pasadena , CA 91106
MLS Area (Major): 648 - Pasadena (SE)

Street View

Nearby Schools

Recent Sales in the Area