1550 N Lake Avenue

Description

Do not miss seeing this extraordinary opportunity to live in an absolutely beautiful, spacious unit while leasing the others out or to 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, second 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 increasing income w/ the other two 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, offering wonderful upgrades as well as character details galore, featuring two spacious bedrooms, two remodeled baths, its own entry, a large patio, balcony, central air, hardwood floors, & private laundry inside the unit. This beautifully maintained complex consists of three units, all w/ their own private laundry inside, providing excellent convenience for residents. The downstairs level offers a one bedroom, one bath unit & a separate studio unit, each well appointed & thoughtfully updated. Each unit includes one garage space plus additional storage that may be used by the owner or rented for extra income. 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 & new mailboxes. Ideally located close to shopping, dining, transportation, & everyday conveniences, the property is positioned to benefit from the ongoing N. Lake Street renaissance & Pasadena’s continued revitalization. Lot size is approx 61 by 195. Buyer & broker to verify all information w/ the city regarding development. Photographs are of the One Bedroom Unit and the Studio Unit – both downstairs. No photos are currently available for the stunning upstairs unit-come visit & see it for yourself!