650 S Lake, Pasadena, CA 91106

Property Description

Prime location in the heart of Pasadena. Gated 12 units luxury townhomes. Built in 2010. One unit is a 2 bedrooms 2.5 baths (1340 sqft), 5 units are 3 bedrooms 2.5 bathrooms (1760, 1560, 1560, 1570, 1580 sqft) and 6 units are 3 bedrooms and 3.5 baths , each bedroom has its own bathroom ( 1970, 1970, 1930, 1930, 1970/, 2120 sqft) There are three units have elevators. Underground parking. Each unit has a 2 car garage, 9 garages have huge extra space that can be used as storage or exercise area. 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.