1550 N Lake Ave, Pasadena, CA 91104 | For Sale

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For Sale $2,100,000

$2,100,000
  • (0)
  • Units
  • Unknown Sq Ft
  • 11,901 Sq Ft
  • Unknown Cap Rate

Description

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!

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


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Expenses

Property Details

List Price $2,100,000
Property Type Multi-Family
Usable Sqft Unknown
Number of Stories 0 stories
Parking Spots 3 spots
Year Built 1924
Last Sold Unknown
Sold Price Unknown
HOA Fees: $0
Association Name: Unknown
Association Amenities: Unknown
APN # 5848033006
MLS # P126085
Property ID 292726888
Lot Sqft 11,901
Zoning Unknown
Days on Market 15
Original List Price $2,100,000
Applicances Dishwasher,Gas Range,Refrigerator,Dryer,Washer%
Date Updated March 05, 2026
Date Created February 19, 2026
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 $7,814 $0
Net Income (Yr) $ 90,000
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Listing Provided By

Augusta Sanborn an agent of . Lic #01226787


© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 05, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



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