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$2,000,000
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Property Description
Do not miss seeing this extraordinary opportunity to own an exceptionally well maintained and updated triplex in the heart of Pasadena. This stately 1924 Mediterranean style triplex is perfectly sited on a large 11,901 square foot lot with a deep setback and wonderful curb appeal. The impressive upstairs residence feels like a private, house-like retreat, filled with natural light and offering high ceilings, character details, two bedrooms including a Primary Suite, two beautifully remodeled full baths, front and rear entries, a large rear patio, wrap-around balcony, central air, gleaming hardwood floors and private in-unit laundry. The downstairs level includes a one bedroom, one bath unit and a separate studio unit, each thoughtfully remodeled and well appointed. All three units have their own interior laundry, front and rear doors and one garage space. A remodeled storage room is currently used as a small office and leased by a tenant. Over $250,000 in improvements have been completed over the past two years, including newer roofing, 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, office conversion and new mailboxes. Ideally located close to shopping, dining, transportation and everyday conveniences, this property offers pride of ownership, strong versatility and excellent long-term value. Lot size is approximately 61 by 195. Photos are of the two smaller units; no photos available for the spacious upstairs residence. Come visit and see for yourself.
Full Property Details
Full Property Details for 1550 N Lake Ave
General
- Sold For: $2,000,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: P1-26085
- Added to Site: 124 day(s) ago
Interior
- Rooms/Areas: Laundry, See Remarks, Kitchen, Living Room, Primary Suite
- Interior Features: Crown Molding, Built-in Features, High Ceilings, Living Room Balcony, Recessed Lighting
- Fireplace(s): Decorative, See Remarks, Living Room
- Appliances: Refrigerator, Gas Range, Dishwasher
- Flooring: See Remarks, Wood
Rooms
Other Rooms
- Laundry: Inside, Individual Room, See Remarks, Washer Included, Dryer Included
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 3
- Parking Features: Garage, Driveway, See Remarks
- Parking: Garage, Driveway, See Remarks
Location
- Area: 645 - Pasadena (NW)
- County: Los Angeles
- Development Name: 645 - Pasadena (NW)
- Driving Directions: East side of Lake Avenue; North of Washington
- Direction Faces: West
Heating & Cooling
- Cooling Type: Central Air, Ductless, See Remarks
- Heating Type: Ductless, See Remarks, Central
Utilities
- Sewer: Public Sewer
- Water: See Remarks
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Architectural Style: See Remarks, Mediterranean
- Roof: Tile, See Remarks
- Entry Location: Front doors and rear, as well.
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,022
- Year Built: 1924
Unit Information
Unit 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
Lot Features
- Property View: Mountain(s)
- Lot Size (Acres): 0.2732
- Lot Size Source: Assessor
- Lot Description: Landscaped, Yard
Financial Considerations
- Price Per Sq. Ft.: $661.81
Disclosures and Reports
- Exclusions: Washer/Dryer/Chandelier in Dining Room in the upstairs unit.
- 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.
Listed by Sotheby's International Realty, Augusta Sanborn
Sold by Pellego, Inc, Cynthia Low
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Schools
Schools serving 1550 N Lake Ave
School District:Pasadena Unified School District
| Name | Grades | Distance |
|---|---|---|
Longfellow (Henry W.) Elementary School 1065 East Washington Boulevard, Pasadena, CA 91104 | K-5 | 0.3 mi |
Charles W. Eliot Middle School 2184 Lake Avenue, Altadena, CA 91001 | 6-8 | 0.7 mi |
Pasadena High School 2925 East Sierra Madre Boulevard, Pasadena, CA 91107 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1550 N Lake Ave
Date
Details
Price
Change
Source
5/22/2026
Sold
$2,000,000
-4.76%
MLS
3/04/2026
Listed
$2,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1550 N Lake Avenue, Pasadena, CA 91104 (MLS# P1-26085) is a Multi-Family property that was sold at $2,000,000 on May 22, 2026. Want to learn more about 1550 N Lake Avenue? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.

