481 Lincoln Avenue

Property Overview

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.

Home Details

Property type: Residential Income - Apartment
Year built: 1903
Lot size: 12,011 sq ft
Stories: 2
Days on market: 108
MLS status: Active
Zoning: PSR3

Features & Amenities

Pool

None

Lot

Corner Lot

Community, Schools & Utilities

Utilities

Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Pasadena, CA 91103

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Frequently Asked Questions About 481 Lincoln Avenue

Property type: Residential Income

The current asking price is $2,599,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 481 Lincoln Avenue. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1903. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Pasadena, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Pasadena property.

The MLS currently reports the property as Active. It has been listed for 108 days. Status can change, so verify availability before relying on it.

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