CA > Pasadena
Pasadena, CA 91103,481 Lincoln Avenue
Pasadena, CA 91103,481 Lincoln Avenue
Pasadena, CA 91103,481 Lincoln Avenue
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Listed by Kevin Lee • Berkshire Hathaway HomeServices California Properties
$2,659,000
Est. payment /mo
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5,061 SqFt
Active

481 Lincoln Avenue Pasadena, CA 91103

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Kenneth Er

Kenneth Er

+1(510) 828-8572

UPDATED:

01/17/2025 05:37 AM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,061 sqft

Price per Sqft $525

MLS Listing ID CRTR24135943

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1903

Lot Size 0.276 Acres

Property Sub-Type Other

Property 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. BOTH BUILDINGS EXTERIOR FAÇADE WERE FULLY RENOVATED AND UPGRADED IN 2022. 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.

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry Inside

Building

Lot Description Corner Lot

Water Public

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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agent

Kenneth Er

Agent | License ID: 01942269

+1(510) 828-8572

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481 Lincoln Avenue

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