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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
    : 
    Multi Family
    Built in 1903
    -- sqft lot
    $-- Zestimate®
    $525/sqft
    $-- HOA

    What's special

    New plumbingSingle story buildingNew paintUpdated roofNew windowsCorner lotNew driveway entrance
    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.
    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#: TR24135943MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 481 Lincoln Ave.

    Next available tour time:Today at 4:30pm

    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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