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Listed by Graceland Investment, Inc., Grace Lee, Listing Contact: 626-327-4377

$13,000,000

650 S Lake Ave, Pasadena CA, 91106

Price per sqftN/A
Built in2010
Property typeMulti-family

Overview

Active

Listed Jun 7, 2026

Updated 4 days ago

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.

$86,489/mo

Est. mortgage payment based on a $13,000,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CRTR26122576

Interior Features

Basement
No

Exterior Features

Lot Size
0.39 Acres

Other Property Details

Garage
Yes
MLS provider logo

Listed by Graceland Investment, Inc., Grace Lee DRE:01178535,
Listing Contact: 626-327-4377 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Haylen Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Haylen Group are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 8:30 PM UTC, 9/18/2026

 

 

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