ActiveCondominium

175 S Lake Avenue 406

Pasadena, CA, 91101

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$499,000

MLS: P1-26569

Beds

0

Baths

1

Sq Ft

547

Lot

0.74 ac

Year Built

2003

MLS #

P1-26569

Days on Market

2

Listed

Apr 6, 2026

Description

Top-floor living in the heart of Pasadena. This bright studio at 175 South Lake features soaring ceilings and an open, airy feel--right in the middle of the energy of Lake Avenue. Grab coffee, dine out, get to Caltech or Old Town within minutes. A perfect blend of location, simplicity, and style. This home has all the conveniences you could want including an open kitchen with a new refrigerator and a new washer/dryer. Your dedicated parking spot is just an elevator ride down to the secure garage and within the building is a fitness center as well as a club room. Ideal for those seeking a low-maintenance Pasadena lifestyle in a prime location.

Location

Pasadena, Los Angeles County, CA 91101

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Listed by: Amy Engler · COMPASS

Payment estimate

$3,766

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $49,900 · Loan: $449,100

%
Principal & Interest
$2,759
Property tax (1.25%)
$520
Homeowners insurance
$300
Mortgage insurance
$187
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Pasadena home with as little as 3.5% down using an FHA loan — roughly $17,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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