Properties

Pasadena, CA 91104 1550 N Lake Avenue

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Presented By: Augusta Sanborn with Sotheby's International Realty;
  • MLS# P126085
  • 02/19/2026
  • Get pre-approved
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  • Baths • 1
  • SQFT • 3,022
  • Garage • 3

Home Details

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!
Presented By: Augusta Sanborn with Sotheby's International Realty;

Interior Features for 1550 N Lake Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Common WallsNo Common Walls
Fireplace FeaturesDecorative, Living Room, See Remarks
Fireplace Y/NYes
FlooringSee Remarks, Wood
Heating Y/NYes
Interior AmenitiesBuilt-in Features, Balcony, Crown Molding, High Ceilings, Recessed Lighting, Primary Suite
Laundry FeaturesInside, Laundry Room, See Remarks

General for 1550 N Lake Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, Gas Range, Refrigerator, Dryer, Washer
Architectural StyleMediterranean, See Remarks
CityPasadena
Community FeaturesUrban
CoolingCentral Air, Ductless, See Remarks
CountyLos Angeles
DirectionsEast side of Lake Avenue; North of Washington
Electric Expense750
Entry LocationFront doors and rear, as well.
ExclusionsWasher/Dryer/Chandelier in Dining Room in the upstairs unit.
Facing DirectionWest
Fuel Expense
Garage Spaces3
Garage Y/NYes
Gross Income97988.4
HOA Fee$
HeatingCentral, Ductless, See Remarks
Insurance Expense3464.12
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet11901
Lot Size UnitsSquare Feet
MLS Area645 - Pasadena (NW)
Net Operating Income90000.29
Number of Units Leased3
Operating Expense8873.11
Pool FeaturesNone
PossessionNegotiable
PostalCityPASADENA
Property Attached Y/NNo
Property ConditionUpdated/Remodeled, Turnkey
Property TypeResidential Income
Rent Control Y/NYes
RoofSee Remarks, Tile
Security FeaturesSecurity Gate
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameNot Applicable
Tax Lot3
Tenant PaysElectricity, Gas
Total Actual Rent7814
Trash Expense1353.97
ViewMountain(s)
Water Sewer Expense4009.93
Year Built1924
Year Built SourceAssessor

Exterior for 1550 N Lake Avenue

Building Area Total3022
FencingExcellent Condition, New Condition, See Remarks, Wrought Iron
InclusionsAll 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.
Lot FeaturesLandscaped, Yard
Lot Size Acres0.2732
Lot Size Area11901
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Parking FeaturesDriveway, Garage, See Remarks
Private PoolNo
SpaNo
Total Parking3
Water SourceSee Remarks

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,100,000
MLS#P126085
List Date 02/19/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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