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1550 N Lake Ave

pasadena, CA 91104

$2,100,000

  • 3 BR
    4 BA
    approx. 3,022 SF

Interested? Let's Connect

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!

Details

3,022 Sq Ft

0.2732 Private Acres Lot Size

single family home

Built in 1924

MLS/Listing ID P1-25968

2 Stories

Amenities & Features

Laundry Room

Inside

Washer

Refrigerator

Balcony

Breakfast Bar

Built-in Features

Crown Molding

High Ceilings

Recessed Lighting

Separate Formal Dining Room

Heating - Ductless

Natural Wood

Decorative Fireplace

Living Room Fireplace

Electric

Excellent Condition

New Condition

Mountains View

Covered

Patio

Wrap Around

Parking - Driveway

Parking - Electric Gate

Wrought-iron

Cooling - Central Air

Cooling - Ductless

Community - Urban

Gas Range

Dryer

Dishwasher

Style - Mediterranean

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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Interested In 1550 N Lake Ave?