650 S Lake Ave, Pasadena, California 91106, Pasadena, 91106 - 0 bed, 0 bath
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Pasadena, California 91106
Analysis of 650 S Lake Ave, Pasadena, California 91106 is currently available with a list price of $14,380,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Property is move-in ready.
Built in 2010, the property is 16 years old, placing it in the 'Good' category (10-20 years). The listing notes recent maintenance including new exterior paint and backyard concrete, suggesting the luxury units are well-maintained and move-in ready.
Situated in the heart of Pasadena, this property boasts an exceptional walk score with immediate access to Cal Tech, the Playhouse District, and high-end retail and dining.
Built in 2010, this gated 12-unit complex features desirable amenities including underground parking with private 2-car garages and recent exterior cosmetic upgrades.
The portfolio is comprised almost entirely of large 3-bedroom units, which are highly sought after in the Pasadena rental and resale market for families and professionals.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =16988, other record lot size in square feet = 17173. Living area discrepancy between mls listing and other public or private record. mls listing living area = 21260, other record living area = 1970.
The $14.38 million bulk listing price represents a significant capital requirement, limiting the buyer pool to institutional investors or high-net-worth entities.
With 11 of the 12 units featuring nearly identical 3-bedroom layouts, the asset lacks the product diversity to capture different segments of the tenant or buyer market.
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
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 10% |
| Baths | 0.0 | 3.0 | 10% |
| Square foot | 21,260 | 1,094 | 90% |
| Lot Size | 16,988 | 30,905.5 | 30% |
| Price | $14.38M | $740.0K | 90% |
| Price per sq ft | $676 | $654 | 60% |
| Built year | 2010 | 1985 | 90% |
| HOA | $0 | $470 | 10% |
| Days on market | 8 | 110 | 10% |
Jun 7, 2026
$14,380,000
Initial Listing
Nov 19, 2019
$11,380,000
Public Record
Dec 2, 2015
$10,600,000
Public Record