640 S Lake Avenue 105, Pasadena, California 91106, Pasadena, 91106 - 2 bed, 3 bath

640 S Lake Avenue 105, Pasadena, California 91106 home-pic-0

640 S Lake Avenue 105

Pasadena, California 91106

ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
3Baths
1,514Sq Ft
Lot Size

Property Price

LIST PRICE$828,000

SUMMARY

Analysis of 640 S Lake Avenue 105, Pasadena, California 91106 is currently available with a list price of $828,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1979, this condo is exceptionally well-maintained and move-in ready, but it lacks a recent comprehensive renovation. The kitchen features dated white tile countertops and older white appliances, while the bathrooms and built-ins reflect styles from previous decades. While functional and clean, the property shows signs of being outdated compared to modern standards, fitting the criteria for a well-kept but aged home requiring cosmetic updates.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Walkable Location

    Situated in the heart of Pasadena's vibrant South Lake District, the property offers unparalleled walkability to Caltech, high-end dining, and premium grocers like Erewhon and Trader Joe's.

  • Superior Layout & Amenities

    This spacious 1,514 sqft single-level unit features a rare three-bathroom configuration, interior side-by-side laundry, and two private patios, providing the functional flow of a single-family home.

  • Comprehensive HOA Coverage

    The association fee includes essential utilities and a rare earthquake insurance policy, offering significant value and peace of mind for long-term property protection.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 1514, other record living area = 1481.

  • High Monthly Carrying Costs

    At $800 per month, the HOA dues are relatively high, which may impact the overall affordability and debt-to-income ratio for budget-conscious buyers.

  • Lack of Scenic Views

    As a first-floor unit with no designated view, the property lacks the elevated vistas or natural scenery often desired in the Pasadena luxury condominium market.

About 640 S Lake Avenue 105

This elegant and spacious single-level condo features two bedrooms, three bathrooms and is ideally located close to Pasadena's vibrant South Lake District. The unit features an expansive living room with a marble fireplace, a dry bar, and custom built-ins. Sliding glass doors open to one of two patios, creating a variety of outdoor seating areas that are ideal for entertaining. A sizable dining area flows seamlessly between the living room and the kitchen. The kitchen offers an abundance of cabinetry, large pantry, a convenient office area, and includes a breakfast nook with a lovely French door that opens to the first patio. The home features two well-appointed bedrooms. The primary suite is spacious, with two closets, an en-suite bathroom and sliding glass doors that open to the second patio. From the main hallway, you access both the second bedroom and a three-quarter bathroom. A convenient powder room for guests is located right off the entry. Additional highlights include an interior laundry area with a side-by-side washer and dryer, lots of storage areas throughout, and two designated parking spaces. The HOA covers water, trash, landscaping, exterior insurance, and there is an earthquake insurance policy. The condo is ideally located close to Caltech, coffee shops, restaurants, and a multitude of grocery stores such as Erewhon, Trader Joe's, and Pavilions. This is the perfect home base to enjoy the very best of Pasadena living--welcome home!

Property Details

Public Facts

Property Type
Condominium
Year Built
1979
Lot Size
-

Interior

Total Bedrooms
2
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$800.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths3.02.0
79%
Square foot1,5141,105.5
89%
Lot Size-20,763.5
37%
Price$828.0K$695.0K
84%
Price per sq ft$547$612
29%
Built year19791980
50%
HOA$800.0$539
92%
Days on market17170
3%

Pricing History

Listed for Sale

Feb 17, 2026

$828,000

Initial Listing

Sold

Oct 11, 2019

$625,000

Public Record

Sold

Dec 22, 2010

$417,000

Public Record

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