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$ 2,100,000

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Active Under Contract

1550 N Lake AVE Pasadena, CA 91104

0.27 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID P1-26085

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1924

Lot Size 0.273 Acres

Property 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!

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Interior

Interior Features Built-in Features, Balcony, Crown Molding, High Ceilings, Recessed Lighting, Primary Suite

Heating Central, Ductless, See Remarks

Cooling Central Air, Ductless, See Remarks

Flooring See Remarks, Wood

Fireplaces Type Decorative, Living Room, See Remarks

Inclusions All appliances as noted in the MLS as well as washer/dryer in the downstairs two units.All appliances as noted in the MLS, with the exception of the washer and dryer in the upstairs unit.

Fireplace Yes

Appliance Dishwasher, Gas Range, Refrigerator, Dryer, Washer

Laundry Inside, Laundry Room, See Remarks

Exterior

Parking Features Driveway, Garage, See Remarks

Garage Spaces 3.0

Garage Description 3.0

Fence Excellent Condition, New Condition, See Remarks, Wrought Iron

Pool None

Community Features Urban

View Y/N Yes

View Mountain(s)

Roof Type See Remarks,Tile

Total Parking Spaces 3

Private Pool No

Building

Lot Description Landscaped, Yard

Faces West

Story Two

Entry Level Two

Sewer Public Sewer

Water See Remarks

Architectural Style Mediterranean, See Remarks

Level or Stories Two

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 5848033006

Security Features Security Gate

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Augusta Sanborn Sotheby's International Realty #01226787

Nearby Locations

Hyun Jin IM

Broker Associate | License ID: 01989280

+1(213) 550-6273

Hyun Jin IM

1550 N Lake AVE Pasadena, CA 91104

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1550 N Lake AVE