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    1550 N Lake Ave Pasadena, CA 91104

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    For Sale
    $2,100,000

    Well-maintained, updated triplex with investment potential in Pasadena.

    Type:Investment
    Lot size:
    0.27 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 24 at 4:36 pm

    Property Features for 1550 N Lake Ave

    General Information

    Standard status
    Active
    Lot size
    0.27 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1924

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    Listing Contact
    Augusta Sanborn

    Listing agent Augusta Sanborn

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Augusta Sanborn


    Overview

    Updated Triplex in Pasadena Heart

    This Mediterranean-style triplex, constructed in 1924, is situated on an 11,901 square foot lot. The property features three units, each equipped with interior laundry facilities and both front and rear entrances. The upstairs unit includes a primary suite, an additional bedroom, two remodeled full bathrooms, separate front and rear entries, a large back patio, a wrap-around balcony, central air conditioning, hardwood floors, and private in-unit laundry. The downstairs level comprises a one-bedroom, one-bathroom unit and a separate studio unit, both remodeled. Each unit is allocated one garage space. An additional storage room has been converted into a small office and is currently leased. Over the past two years, the property has undergone more than $250,000 in upgrades and improvements, including roofing, an automatic security gate, landscaping, new electrical panels and an upgraded subpanel, fire remediation, interior painting, plumbing repairs, HVAC improvements with duct replacement, attic repairs with insulation removal and replacement, conversion of the storage room to office use, and new mailboxes. The property is located near shopping, dining, transportation, and other conveniences, in a landmark district with homes situated one block behind. The lot measures approximately 61 by 195 feet. The property has a bike score of 77, indicating it is very bikeable, a walk score of 80, indicating it is very walkable, and a transit score of 52, indicating good transit options.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1316134
    Latitude
    34.1725899

    FAQs

    What type of property is this?
    Triplex - Well-maintained, updated triplex with investment potential in Pasadena.
    Where is this triplex located?
    The property is located at 1550 N Lake Ave Pasadena, CA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Live‑in investment opportunity: Occupy the spacious, upgraded upstairs unit while generating income from two additional rental units.; Extensive recent upgrades: Over $250,000 invested in the past two years, including newer roofing, electrical, landscaping, HVAC, and more.; Prime Pasadena location: Situated in a landmark district, close to shopping, dining, transportation, and everyday conveniences.
    More about this property
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