481 Lincoln Avenue
Pasadena, CA 91103
- – beds
- – baths
- – sqft
- 12,011 sqft lot
- 1903 build
- – on site
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). With CAP Rate Close to 5% in a 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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Dec 20, 2024
•
MLS# TR24135943 —
The Building
-
Year Built:1903
-
Year Built Source:Assessor
-
New Construction:No
-
Building Area Total:5061.00
-
Building Area Units:Square Feet
-
Total Number Of Units:7
-
# of Buildings:2
-
Stories Total:2
-
Entry Level:1
-
Common Walls:2+ Common Walls
-
# of Separate Gas Meters:7
-
# of Separate Water Meters:1
-
# of Separate Electric Meters:8
Interior
-
Levels:Two
-
Entry Location:Front
-
Laundry:Inside
-
Laundry:1
Location
-
Directions:Corner of Lincoln Ave. and W. Villa St.
-
Latitude:34.15340500
-
Longitude:-118.15342300
The Property
-
Property Type:Residential Income
-
Subtype:Apartment
-
Zoning:PSR3
-
Lot Features:Corner Lot
-
Lot Size Area:12011.0000
-
Lot Size Acres:0.2757
-
Lot Size SqFt:12011.00
-
Lot Size Source:Assessor
-
Property Attached:1
-
Additional Parcels:No
-
Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Census Tract:4619.01
-
Tax Tract:461...
-
Tax Lot:16
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:5726010028
Utilities
-
Sewer:Public Sewer
-
Water Source:Public
The Community
-
Features:Suburban
-
Association:No
-
Pool:None
-
Senior Community:No
-
Private Pool:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/2/24
Jul 2, 2024
|
Listed / Active | CRMLS_CA | $2,659,000 | 77.3% (27.1% / YR) |
|
8/27/21
Aug 27, 2021
|
CRMLS_CA | $1,500,000 | -14.3% | |
|
8/17/21
Aug 17, 2021
|
CRMLS_CA | $1,750,000 |
