JOHNNY ARAGON
LOS ANGELES
LUXURY
PROPERTY
SPECIALIST

JOHNNY.ARAGON@CBREALTY.COM
📞 PHONE NUMBER
(213) 290-3678
⌂ ADDRESS
388 SOUTH LAKE AVENUE
PASADENA, CA 91101
JOHNNY ARAGON | CalRE #02066422
COLDWELL BANKER REALTY | CalRE #00616212

The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. ©2025 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
© 2026 Coldwell Banker Real Estate LLC
The property offers approximately 2,080 square feet of living space on a 7,134 square foot lot, featuring two spacious 2-bedroom, 1-bath units thoughtfully designed for privacy and everyday livability. The upper 2-bedroom unit is currently leased for $1,700 per month and the lower 2-bedroom unit for $1,650 per month, providing immediate in-place rental income with significant upside through renovation, rent repositioning, or long-term hold.
In addition to the duplex, the property includes a detached garage structure with a fully built-out 1-bedroom, 1-bath guest unit complete with kitchen, private entrance, and private patio (approximately 500 sq ft; Buyer to verify permits, square footage, and legal use). The guest unit is currently vacant, offering additional income potential or the opportunity for an owner-user to occupy the guest unit while benefiting from rental income from the two main units.
The garage structure also includes two individual garage bays serving the main units, plus a large dedicated workshop/storage area with stackable laundry, offering exceptional flexibility for supplemental income, creative use, or extended living arrangements.
The generous lot size, functional layout, and existing improvements create multiple paths for repositioning, enhancement, or long-term hold in a supply-constrained market.
Ideally located just minutes from Culver City, Silicon Beach, Los Angeles International Airport, parks, dining, and shopping, the property benefits from strong rental demand and proximity to major employment centers in one of Los Angeles’ most established and desirable neighborhoods.