650 S Lake Ave, Pasadena, California 91106
$13,000,000
- Property Type
- Residential Income
- Building Size
- 21,260 sqft
- City
- Pasadena
- Status
- Active
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.
About
Listed by Grace Lee with Graceland Investment, Inc.
Quick Facts
MLS Property Type
Residential Income
Property Subtype
Townhouse
Status
Active
MLS Number
TR26122576
Year Built
2010
Building Size
21,260 sq ft
Units
12
Lot Size
0.39 acres
Location
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Details
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