Do not miss seeing this extraordinary opportunity to live in an absolutely beautiful unit while leasing the others out or to become a landlord of an extremely well maintained and 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 and 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 with the other two units. This truly is the live-in investment opportunity you have been thinking about, offering move in ready condition and exceptional pride of ownership. It is like a birdhouse with the best features and benefits of a traditional home. The private upstairs unit is gorgeous, spacious, and light filled, offering wonderful upgrades and the best of character detailing, featuring two spacious bedrooms, two remodeled baths, its own entry, a large patio, balcony, central air, hardwood floors, and private laundry inside the unit. This beautifully maintained complex consists of three units, and all units feature their own private laundry inside, providing excellent convenience for residents. The downstairs level offers a one bedroom, one bath unit and a separate studio unit, each well appointed and 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 roof work, automatic security gate, extensive landscaping, new electrical panels and upgraded subpanel, Eaton fire remediation, select interior painting, plumbing repairs, HVAC improvements with duct replacement, attic repairs with insulation removal and replacement, and new mailboxes. Ideally located within walking distance to shopping, dining, transportation, and everyday conveniences, the property is positioned to benefit from the ongoing North Lake Street renaissance and Pasadena's continued revitalization. Lot size is approximately 61 by 195. Buyer and broker to verify all information with the city regarding development.
1550 Lake is a Residential Triplex property located in Pasadena, California, featuring a 0.273 acre lot, 3,022 sqft, 3 bedrooms, 4 full baths, MLS #P1-25968.
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Data last modified: 2026-02-24 19:55:00