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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 : ResidentialIncome

Price : $2,599,000

AD Id : 84977599

MLS Id : TR26131676

Lot Size : 12,011 Sqft

Living Area Size : 5,061

Year Built : 1903

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1903
    Building Area Total: 5061
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 12011 Lot Size Acres: 0.2757 Lot Size Source: Assessor Lot Size Square Feet: 12,011 Lot Description: Corner Lot

  • Listing Price Information

    Listing Price: $2599000
    Cash, Cash to New Loan, Conventional, 1031 Exchange

  • Tax Information

    Parcel Number: 5726010028 Tax Lot: 16

  • Location Information

    Direction: Corner of Lincoln Ave. and W. Villa St. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1969 N Raymond Avenue, Pasadena, CA, 91103 $1,198,000 3 2 1,339 1,339 SqFt
2070 El Sereno, Pasadena, CA, 91103 $1,230,000 3 2 1,791 1,791 SqFt
925 N Marengo Avenue, Pasadena, CA, 91103 $1,490,000 8 6 3,834 3,834 SqFt
1804 N Belmont Avenue N, Pasadena, CA, 91103 $875,000 3 1 1,128 1,128 SqFt
284 Wyoming, Pasadena, CA, 91103 $775,000 2 1 548 548 SqFt
637 N Raymond Avenue, Pasadena, CA, 91103 $1,799,999 8 5 3,418 3,418 SqFt
637 Raymond Avenue, Pasadena, CA, 91103 $1,799,999 8 5 3,418 3,418 SqFt
425 N Raymond Avenue, Pasadena, CA, 91103 $2,850,000 -- -- 5,001 5,001 SqFt
66 W Peoria St, Pasadena, CA, 91103 $955,000 2 1 1,044 1,044 SqFt
1210 Glen Avenue, Pasadena, CA, 91103 $945,000 3 2 1,003 1,003 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/16/2026 @ 07:17

MLS: TR26131676 LISTED BY: Kevin Lee, Coldwell Banker Envision 562-945-2221 SOURCE: CRMLS

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