650 S Lake AvePasadena, CA 91106

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.

Property Information

Property type

Residential Income

Sub-type

Townhouse

Year built

2010

Stories

2

Building area

21,260 Sq Ft

Lot size

0.39 acres

Garage spaces

2

Parking spaces

2

Days on market

120

MLS^® Listing#

TR26122576

Property Features

Pool

None

Laundry

Laundry Closet

Community

Sidewalks

Sewer

Public Sewer

Water source

Public

Parcel number

5327020042

Directions

South of E California Blvd.