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Listed by Grace Lee, DRE #01178535 • Graceland Investment, Inc.
$ 14,380,000
Est. payment /mo
Active
650 S Lake Ave Pasadena, CA 91106
0.39 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR26122576
Year Built 2010
Lot Size 0.390 Acres
Source California Regional MLS
Property Description
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.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Interior
Laundry In Closet
Exterior
Garage Spaces 2.0
Pool None
Building
Water District - Public
Others
Tax ID 5327020042
Special Listing Condition Not Applicable
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