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Pasadena, CA

$14,380,000

650 S Lake Ave, Pasadena, CA
2010
Built
38
Days listed

About this home

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.

Facts & features

Interior
Laundry
Laundry Closet
Exterior & lot
Lot size
0.39 acres (16,988 sq ft)
Pool
None
Year built
2010
Parking spaces
2
Community
Area
648 - Pasadena (SE)
County
Los Angeles
Community features
Gutters, Sidewalks
Listing details
Status
Active
Property type
Townhouse
Days on market
38
Listed
2026-06-05
Terms
Cash To New Loan
Parcel #
5327020042
MLS #
TR26122576
Listed by
Grace Lee · Graceland Investment, Inc.

Location

Price history

Listed
$14,380,000 · 2026-06-05
Days on market
38
Current price
$14,380,000
Financing

Could this home be yours?

Estimated monthly payment
$90,209
$72,713 principal & interest · $17,496 taxes & insurance
$2,876,000
Estimate only
Loan $11,504,000

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Listing data provided by CRMLS

Listing courtesy of Graceland Investment, Inc.. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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