$2,599,000
 $13,952 est/mo Sourced by Back At You

481 Lincoln Avenue,Pasadena, CA 91103

Pasadena, CA 91103

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Description

** ASSUMABLE EXISTING LOAN AT 3.83% UNTIL FEBRUARY, 2029!!! 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.

Details

MLS #TR26131676
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1903
Days On Site140
Listing Provided ByColdwell Banker Envision | Kevin Lee

Features

SQ Feet5,061
Story(s)2
Units7
Building(s)2
ZoningPSR3
Acreage0.28

Exterior

Lot FeaturesCorner Lot

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesSuburban

Area Information

StateCA
CountyLos Angeles
CityPasadena
Zip Code91103
Area645 Pasadena (NW)
Listing VS Median (in 91103)
Price:
$2,599,000
low | high
Med:
$948,500
100% of Average
sqft:
5,061
low | high
Med:
1,297
100% of Average
$ / sqft:
$514
low | high
Med:
$731
7.593350039197% of Average
On site:
140
low | high
Med:
33
100% of Average
Sourced by Back At You

Market Activity 91103

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityPasadena
Zip Code91103
Area645 Pasadena (NW)
Listing VS Median (in 91103)
Price:
$2,599,000
low | high
Med:
$948,500
100% of Average
sqft:
5,061
low | high
Med:
1,297
100% of Average
$ / sqft:
$514
low | high
Med:
$731
7.593350039197% of Average
On site:
140
low | high
Med:
33
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.949M - $3.248M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
425 N Raymond Avenue Property Photo 1
$2,850,000
425 N Raymond Avenue
Pasadena, CA 91103
Listing Updated: October 29, 2026 at 5:08:21 PM PDT