Active

481 Lincoln Avenue

Pasadena, CA 91103
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Bed 0

Bed

Bath 0

Bath

SqFt5,061

Sqft

SqFt12,011

Sqft(Lot)

481 Lincoln Ave., Pasadena is a turnkey and upgraded 7 units apartment complex (Unit mix: 4x 1 Bed+1 Bath, 1x 2 Bed+1 Bath, 2x 2 Bed+2 Baths). Class-A Location, and 100% OCCUPIED. ASSUMABLE EXISTING LOAN AT 3.83% UNTIL FEBRUARY, 2029 !!!! 2 story building was built in 1903 and single story building was built in 1952. 2 STORY BUILDING EXTERIOR FAÇADE WERE FULLY RENOVATED AND UPGRADED IN 2021. 5 out of 7 units were also upgraded with New Paint, Kitchen, Bathroom, Flooring. Updated Roof, New Electrical Main Panels and Subpanels. New Plumbing. New Windows. New Driveway Entrance. Each unit is individually metered for electricity and gas. Parking is provided by 5 open spaces between 2 buildings. The property is situated on a large corner lot of approximately 12,011 SF lot size. Great va lue-add opportunity for a short or long-term investment. The property is in a highly desirable centrally located neighborhood and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,659,000

AD Id : 57587313

MLS Id : TR24135943

Lot Size : 12,011 Sqft

Living Area Size : 5,061

Year Built : 1903

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1903 Building Area Total: 5,061
  • Pool Features

    None

    Laundry Features

    Inside

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2757
  • Lot Size Source: Assessor Lot Size Square Feet: 12011

  • Listing Price Information

    Original List Price: 2,659,000 Listing Contract Date: 2024-07-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5726010028

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 645 - Pasadena (NW) Postal Code Plus 4: 3371 Directions: Corner of Lincoln Ave. and W. Villa St. Zoning: PSR3 Source Property Type: Residential Income Area: 645 - Pasadena (NW) Property SubType: Apartment
  • Building and Construction

    Property Age: 123 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Front Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
190 Arroyo Terrace #102, Pasadena, CA, 91103 $747,000 2 1 1,307 1,307 SqFt

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ByOwner last updated this listing 06/05/2026 @ 20:49

MLS: TR24135943 LISTED BY: Kevin Lee, Coldwell Banker Envision 562-945-2221 SOURCE: CRMLS

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