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640 S Lake Avenue 306, Pasadena, California 91106, Pasadena, 91106 - 3 bed, 4 bath

640 S Lake Avenue 306, Pasadena, California 91106 home-pic-0
ACTIVE$1,070,000
640 S Lake Avenue 306, Pasadena, California 91106
3Beds
4Baths
1,875Sqft
22,446Lot
Year Built
1979
Close
-
List price
$1.07M
Original List price
$1.07M
Price/Sqft
$571
HOA
$802.49
Days on market
-
Sold On
-
MLS number
WS25155124
Home ConditionFair
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.07M(94th), sqft - 1875(94th), beds - 3(82th), baths - 4(97th).

high-end Condo, built in 1979, three stories, Gated, 2 parking spaces, on Lake Ave.; two bedrooms plus loft, three balconies, laundry inside of the unit. HOA community with 18 units. Located in the heart of Pasadena financial district, on Lake Ave., a step south of California Blvd., on top of a three-story high condo community. Build in 1979, well kept, open floor plan, with fireplace, spacious bedrooms, 2 assigned subterranean parking with elevator access, three outside balconies with great views. This is the best hideaway location in Los Angeles, within walking distance to Cal Tech, shopping, top restaurants, the financial district on Colorado Blvd.; blocks away from Huntington Hospital, Pasadena Civic Auditorium, Huntington Library and private health clubs... yet, only 5 minutes to Pasadena freeway and Foothill freeway. Buyer to verify and investigate all matter that might affect their decision. Tenant is currently on month-to-month lease

Price History

Date
Event
Price
07/10/25
$1,070,000
Condition Rating
Fair
Built in 1979, this condo shows its age with largely original or very dated finishes. The kitchen features old tile countertops, white/off-white appliances, and outdated grid ceiling lighting. Bathrooms also have dated tile countertops and vanity styles. The predominant flooring is worn, tan carpet throughout the living areas and bedrooms. While the property appears 'well kept' and functional, it requires significant cosmetic updates to the kitchen, bathrooms, and flooring to meet current aesthetic standards.
Pros & Cons

Pros

Prime Location & Walkability: Situated in the heart of Pasadena's financial district on Lake Ave., offering exceptional walkability to Cal Tech, diverse shopping, top restaurants, and major cultural/medical institutions like Huntington Hospital and Library.
Spacious & Functional Layout: Generous 1875 sqft unit featuring two bedrooms plus a versatile loft, four baths, an open floor plan with a fireplace, and spacious bedrooms, indicative of a high-end condo.
Secure & Convenient Parking: Benefits from a gated community with two assigned subterranean parking spaces and direct elevator access, providing both security and ease of access.
Private Outdoor Spaces & Views: Features three private balconies offering desirable city lights views, enhancing the living experience and providing ample outdoor relaxation space.
Excellent Accessibility & In-Unit Laundry: Strategically located with quick freeway access (5 minutes to Pasadena and Foothill freeways) and the added convenience of in-unit laundry.

Cons

Substantial HOA Dues: The monthly association fee of $802.49 is considerably high, which could impact long-term affordability and appeal to some buyers.
Tenant Occupancy: Currently tenant-occupied on a month-to-month lease, which may complicate or delay immediate occupancy for prospective owner-occupant buyers.
Age of Building: While described as 'well kept,' the 1979 construction year suggests that some original systems or finishes might be nearing the end of their lifespan or may not align with modern buyer preferences, potentially requiring future updates.

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