Active

481 Lincoln Avenue

Pasadena, CA 91103

$2,599,000 $10,957/Mo

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Overview

Bed

Bath

5,061

Sqft

12,011

Sqft(Lot)

Description

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.

Property Details

Property Type : Residential Income

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

Map

What's Nearby

Nearby Areas

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: 2,599,000 Listing Contract Date: 2026-06-16
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
1993 N Marengo Avenue, Pasadena, CA, 91103	$1,128,000	3	2	1,259	1,259 SqFt
1911 N Summit, Pasadena, CA, 91103	$750,000	3	2	1,107	1,107 SqFt
1969 N Raymond Avenue, Pasadena, CA, 91103	$1,298,000	3	2	1,339	1,339 SqFt
2070 El Sereno, Pasadena, CA, 91103	$1,290,000	3	2	1,791	1,791 SqFt
1014 N Marengo Avenue, Pasadena, CA, 91103	$1,198,000	2	1	1,326	1,326 SqFt
1029 N Marengo Avenue, Pasadena, CA, 91103	$1,079,000	3	2	2,018	2,018 SqFt
950 N Summit Avenue, Pasadena, CA, 91103	$1,168,000	3	1	1,453	1,453 SqFt
1804 N Belmont Avenue, Pasadena, CA, 91103	$925,000	3	1	1,128	1,128 SqFt
70 W Claremont St, Pasadena, CA, 91103	$999,000	3	2	1,447	1,447 SqFt
425 N Raymond Avenue, Pasadena, CA, 91103	$2,850,000	--	--	5,001	5,001 SqFt

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ByOwner last updated this listing 06/17/2026 @ 09:15

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