$2,100,000
Est. $11,760/mo1550 Lake Avenue, Pasadena, CA 91104
About this home
Do not miss seeing this extraordinary opportunity to live in a beautiful, spacious unit while leasing the others out or to simply become a landlord of an extremely well maintained & updated triplex in the heart of Pasadena. This stately Mediterranean style triplex, built in 1924, is perfectly sited on a large 11,901 square foot lot with a deep setback & exceptional curb appeal. You might not normally think of living on the top floor of a gorgeous triplex like this, but perhaps you are in need of housing while rebuilding, or you would simply like to take advantage of living in one fabulous home while building wealth leasing the other units. This truly is the live-in investment opportunity you have been thinking about & looking for, offering move-in ready condition & exceptional pride of ownership. The upstairs home is like a birdhouse w/ the best features & benefits of a traditional home. This private upstairs unit is gorgeous, spacious & light filled, with high ceilings, offering wonderful upgrades as well as character details galore, featuring a Primary Suite as well as another spacious bedroom, two beautifully remodeled full baths, its own entries, both front and rear, a very large back patio, wrap-around balcony, central air, gleaming hardwood floors, & private laundry inside the unit. This amazing triplex has 3 units, each w/ their own interior laundry & both front & rear doors for convenience. The downstairs level offers a one bedroom, one bath unit & a separate studio unit, each well appointed & thoughtfully remodeled. Each unit includes one garage space. There is an additional storage room that has been remodeled as a small office & is currently leased by a tenant. Over $250,000 of upgrades and improvements have been invested into this exceptional property over the past two years, including newer roofing, automatic security gate, extensive landscaping, new electrical panels & upgraded subpanel, Eaton fire remediation, select interior painting, plumbing repairs, HVAC improvements with duct replacement, attic repairs with insulation removal & replacement, storage room to office use & new mailboxes. Ideally located close to shopping, dining, transportation, & everyday conveniences, the property is positioned to grow in value, in a landmark district w/ gorgeous homes located just one block behind. Lot size is approx 61 by 195. Photos are of the 2 smaller units; No photos available for the house-like unit - come visit and see for yourself/call for info!
infoProperty Facts
Bedrooms
3
Bathrooms
4
Square Feet
3,022
Property Type
Triplex
Days on Market
10
HOA Fee
N/A
Garage Total
3
MLS #
P1-25968
chairInterior Details
General Interior
Interior Features
Breakfast Bar, Built In Features, Balcony, Crown Molding, Separate Formal Dining Room, High Ceilings, Recessed Lighting, See Remarks
Flooring
See Remarks, Wood
Fireplace
Decorative, Living Room, See Remarks
Kitchen & Appliances
Appliances
Dishwasher, Gas Range, Refrigerator, Dryer, Washer
Laundry
Inside, Laundry Room, See Remarks
garageParking
Total Parking Spaces
3
Garage Spaces
3
deckExterior & Lot
Building & Construction
Fencing
Excellent Condition, Electric, New Condition, See Remarks, Wrought Iron
Roof
See Remarks
Lot & Grounds
Sewer
Public Sewer
Water Source
See Remarks
diversity_3Community & HOA
Association Info
Community Features
Urban
Mortgage Calculator
$0
Nearby Schools
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Walkability
Market Insights
Estimated Value
Market Temperature
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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