Property Photo: 481 Lincoln Avenue CA 91103

Listing Courtesy of: CRMLS / Coldwell Banker Envision / Kevin Lee - Contact: 626-975-2521

481 Lincoln Avenue Pasadena, CA 91103

Active (558 Days)

$2,659,000 ^(USD)

5,061

SQFT

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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 value-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.

MLS #:
TR24135943

Lot Size
0.28 acres

Type
Multifamily

Year Built
1903

County
Los Angeles County

Listed By

Kevin Lee, DRE #01720786 CA, Coldwell Banker Envision, Contact: 626-975-2521

Source
CRMLS
Last checked Jan 11 2026 at 4:51 PM GMT+0000

Bathroom Details

Interior Features

Laundry: Inside

Lot Information

Corner Lot

Utility Information

Utilities: Water Source: Public
Sewer: Public Sewer

Stories

Additional Information: Envision | 626-975-2521

Location

Map View | Street View

Listing to Address

Address to Listing

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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.