650 S Lake Ave Pasadena, CA 91106
San Marino AreaEstimated payment $93,417/month
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.
Listing Agent
Graceland Investment, Inc. Brokerage Phone: 626-327-4377 License #01178535 Listed on: 06/07/2026
Townhouse Details
Home Type
- Townhome
Year Built
- Built in 2010
Parking
- 2 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 21,260 Sq Ft Home
- 2-Story Property
- Pest Guard System
- Laundry closet
Bedrooms and Bathrooms
- 11 Bedrooms
- 13 Bathrooms
Additional Features
- Rain Gutters
- Two or More Common Walls
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 63496
- Assessor Parcel Number 5327020042
Community Details
Overview
- 2 Buildings
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- Gardener Expense $3,000
- Insurance Expense $31,257
- Maintenance Expense $2,400
- Pest Control $1,020
- Professional Management Expense $37,746
- Trash Expense $832
- Water Sewer Expense $2,300
- Operating Expense $81,123
- Gross Income $612,100
- Net Operating Income $612,100
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/07/2026 06/07/26 | For Sale | $14,380,000 | -- | $676 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR26122576
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. 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
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Ask me questions while you tour the home.