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.
For sale
Listing Provided by:
Kevin Lee DRE #01720786 562-945-2221,
Berkshire Hathaway HomeServices California Properties
$2,659,000
481 Lincoln Ave, Pasadena, CA 91103
10beds
9baths
5,061sqft
Est.:
Multi Family
Built in 1903
-- sqft lot
$-- Zestimate®
$525/sqft
$-- HOA
What's special
New plumbingSingle story buildingNew paintUpdated roofNew windowsCorner lotNew driveway entrance
- 396 days
- on Zillow |
- 126 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 03:28pm
Listing Provided by:
Kevin Lee DRE #01720786 562-945-2221,
Berkshire Hathaway HomeServices California Properties
Source: CRMLS,MLS#: TR24135943
Originating MLS: California Regional MLS

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Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 9
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,061
- Total interior livable area: 5,061 sqft
Property
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
Lot
- Size: 0.28 Acres
- Features: Corner Lot
Details
- Parcel number: 5726010028
- Zoning: PSR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1903
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Suburban
Location
- Region: Pasadena
Financial & listing details
- Price per square foot: $525/sqft
- Date on market: 7/2/2024
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Tenant pays: Electricity, Gas
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