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481 Lincoln Avenue Pasadena, CA $ 2,659,000
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$ 2,659,000 Get more info
481 Lincoln Avenue
$ 2,659,000
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481 Lincoln Avenue

Pasadena, CA, 91103
$ 2,659,000
Baths1.0 Sq 5,061

Monthly Estimate*

$ 16,589

Listed by Coldwell Banker Envision
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View a Virtual Tour
Studio

Multi-Family Home for sale in Pasadena, CA

for $2,659,000 with 1 full bath. This 5,061 square foot home was built in 1903 on a lot size of 0.2757.

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.

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Multi-Family Active

Price

$ 2,659,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2757

Year Built

1903

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

TR24135943

Days on Market

545
Features
General
Sewer Public Sewer
Zoning PSR3
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1903
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 181764
Community Features Suburban
County Los Angeles
Net Operating Income 125519
Operating Expense 50792
Insurance Expense 9491
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 2500
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Corner of Lincoln Ave. and W. Villa St.
City Pasadena
Entry Location Front
Senior Community Y/N false
Number Of Units Total 7
MLS Area 645 - Pasadena (NW)
Lot Size Units Square Feet
Lot Size Square Feet 12011
Number of Units Leased 7
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1676
Trash Expense 5436
Water Sewer Expense 2492
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 16
Property Sub Type Additional Apartment
Taxes 28237
Cap Rate 4.72
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features Inside
Entry Level 1
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Exterior
Lot Features Corner Lot
Water Source Public
Total Parking 0
Lot Size Area 12011
Number of Buildings 2
Building Area Total 5061
Lot Size Acres 0.2757
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 7
Number of Separate Electric Meters 8
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* Excluded Features
List By
Coldwell Banker Envision

Broker

kevinlee@kmpmgroup.com

Email

Affordability Calculator

$16,589
Per Month
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Monthly Principal & Interest
$16,589
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/20/2025$2,659,000 Listed Price

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481 Lincoln Avenue, Pasadena, CA, 91103 is a Multi-Family Home for sale at $2,659,000 with 5,061 sqft and a lot size of 0.2757. 481 Lincoln Avenue is a studio with 1.0 baths and was built in 1903. The property's zip code is 91103 which is in Pasadena, CA

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