Active

553 Lincoln Avenue

Pasadena, CA 91103

$1,430,000 $6,028/Mo

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Overview

Bed

Bath

1,942

Sqft

9,576

Sqft(Lot)

Description

Opportunities like this don't surface often. 553-559 Lincoln Avenue is a character-rich, four-unit cottage-style property positioned in the heart of Pasadena and it arrives with one unit delivered vacant. That detail opens the door to owner-user financing: conventional loans with lower down payment requirements, better rates, and terms unavailable on pure investment acquisitions. Live in one, collect rent from three, one of the most effective wealth-building structures in residential real estate. For the investor, the fundamentals are equally strong. In-place income is stable, tenants cover gas and electricity, and landlord-owned laundry equipment adds $150-$200/month in supplemental revenue. Major capital work has already been absorbed; plumbing updates in 2023, electrical improvements wi thin the last decade, and a roof in good standing. Upside runs through operational refinement and cosmetic improvement. Market Cap Rate near 6%. Built in the classic cottage tradition, the property carries architectural character that commands tenant loyalty and holds value in soft markets. Interiors feature hardwood and tile flooring, granite countertops, and ceiling fans. Individual wall units handle heating and cooling, keeping systems simple and maintenance contained. Walkability is a headline feature. The Metro Gold Line Station is steps away, and a grocery store, Starbucks, CVS, and major banking are within a single block. Old Town Pasadena with its concentration of dining, retail, and cultural anchors is minutes from the front door. Pasadena's strong employment base, educated renter demographic, and constrained multifamily inventory make this a market that consistently outperforms in occupancy and rent growth. 553-559 Lincoln Avenue suits a first-time buyer entering the market with built-in income, an owner-user ready to build equity, or a seasoned investor adding a low-maintenance performer to an existing portfolio. The vacant unit is the opportunity, what you do with it is yours to decide.

Property Details

Property Type : Residential Income

Price : $1,430,000

AD Id : 84714508

MLS Id : 26843273

Beds : 5

Lot Size : 9,576 Sqft

Living Area Size : 1,942

Year Built : 1924

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 5

Bathroom Information

Total Baths: 4 Full Baths: 0 Half Baths: 0
Interior Features

Interior Features: Ceiling Fan(s) Property Appliances: Microwave,Refrigerator Flooring: Wood
Cooling Features

Wall/Window Unit(s) Air Conditioning

Heating Source

Wall Furnace Has Heating

Building Information

Year Built: 1924 Building Area Total: 1,942
Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2198
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 9576

Listing Price Information

Original List Price: 1,430,000 Listing Contract Date: 2026-06-08
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 5726010021

Garage and Parking

Garage Description: Carport

Homeowners Association
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: 3329 Directions: 110 to Orange Grove Blvd Zoning: PSR3 Source Property Type: Residential Income Area: 645 - Pasadena (NW)
Building and Construction

Property Age: 102 Year Built Source: Vendor Enhanced Total Square Feet Living: 1942 Levels or Stories: One Building Total Stories: 1

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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 @ 19:43

MLS: 26843273 LISTED BY: Rolan Meyer, Compass 310-437-7500 SOURCE: CRMLS