$14,380,000
650 S Lake Ave, Pasadena CA 91106
Multi-Family (12 Units)
Property type
1 day
On market
$676
Price per sqft
2 cars
Garage
2010
Year built
16,988 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Grace Lee DRE #01178535 626-327-4377, Graceland Investment, Inc.
Listing updated: Jun 8, 2026 at 02:59am.
Last checked: Jun 8, 2026 at 03:30am
Source: CRMLS #TR26122576
Multi-family Analysis
Unit Information
# of Buildings: 2
# of Units Total: 12
Separate Electric Meters: 12
Separate Gas Meters: 12
Separate Water Meters: 0
Rent Control: No
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
22.9x
List Price / Annual Gross Rent
Cap Rate
4.26%
NOI / List Price
Gross Scheduled Income: $629,100
Vacancy Allowance: $5,000
Operating Expense: $12,000
Net Operating Income: $612,100
Annual Operating Expenses
Gardener: $3,000
Insurance: $31,257
Licenses: $2,568
Maintenance: $2,400
Pest Control: $1,020
Professional Management: $37,746
Trash: $832
Water / Sewer: $2,300
Interior
Laundry: Laundry Closet
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: Condominium
Parcel #: 5327020042
Additional Parcels: No
Tax Lot: 1
Community
HOA Amenities: Trash, Water
Senior Community: No
Community Features: Gutters, Sidewalks
Nearby Schools
Nearby schools around the 650 S Lake Ave, Pasadena, CA 91106. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$11,504,000
Total Interest
$14,672,718
Total Payment
$26,176,718
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$87,842
per month
Property History for 650 S Lake Ave
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91106.
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