481 Lincoln Avenue, Pasadena, CA 91103
Local realty services provided by:CENTURY 21 Classic Estates
481 Lincoln Avenue,Pasadena, CA 91103
$2,659,000
- - Beds
- - Baths
- 5,061 sq. ft.
- Multi-family
- Active
Listed by: kevin lee
Office: coldwell banker envision
MLS#:TR24135943
Source:CRMLS
Price summary
- Price:$2,659,000
- Price per sq. ft.:$525.39
About this home
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.
Contact an agent
Home facts
- Year built:1903
- Listing ID #:TR24135943
- Added:598 day(s) ago
- Updated:February 21, 2026 at 11:45 AM
Rooms and interior
- Living area:5,061 sq. ft.
Structure and exterior
- Year built:1903
- Building area:5,061 sq. ft.
- Lot area:0.28 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,659,000
- Price per sq. ft.:$525.39
New listings near 481 Lincoln Avenue
- New
$1,099,000Active1 beds 1 baths979 sq. ft.840 E Green #329, Pasadena, CA 91101
MLS# CRTR26038158Listed by: UNIVERSAL ELITE INC. - New
$799,000Active2 beds 3 baths1,365 sq. ft.1310 E Orange Grove Boulevard #114, Pasadena, CA 91104
MLS# P1-25945Listed by: KELLER WILLIAMS REALTY - Open Sun, 1 to 4pmNew
$799,000Active2 beds 3 baths1,365 sq. ft.1310 E Orange Grove Boulevard #114, Pasadena, CA 91104
MLS# P1-25945Listed by: KELLER WILLIAMS REALTY - Open Sun, 2 to 4pmNew
$935,000Active2 beds 3 baths1,334 sq. ft.394 S Los Robles Avenue #2, Pasadena, CA 91101
MLS# P1-25946Listed by: C21 REALTY MASTERS - Open Sat, 10am to 2pmNew
$799,900Active3 beds 2 baths1,245 sq. ft.1905 Kenneth Way, Pasadena, CA 91103
MLS# TR26030764Listed by: RE/MAX GALAXY - Open Sun, 2 to 4pmNew
$999,900Active2 beds 1 baths1,126 sq. ft.585 Palo Verde Avenue, Pasadena, CA 91107
MLS# P1-25938Listed by: MERIDIAN CAPITAL REALTY - Open Sun, 2 to 4pmNew
$2,079,000Active3 beds 3 baths2,669 sq. ft.525 E California, Pasadena, CA 91106
MLS# P1-25939Listed by: COMPASS - Open Sun, 1 to 4pmNew
$1,425,000Active3 beds 2 baths1,528 sq. ft.1364 N Harding Avenue, Pasadena, CA 91104
MLS# P1-25936Listed by: KELLER WILLIAMS REALTY - Open Sun, 2 to 4pmNew
$1,650,000Active3 beds 2 baths1,667 sq. ft.1680 N Mar Vista Avenue, Pasadena, CA 91104
MLS# P1-25935Listed by: KELLER WILLIAMS REALTY - Open Sun, 2 to 4pmNew
$995,000Active2 beds 1 baths950 sq. ft.1643 Whitefield Road, Pasadena, CA 91104
MLS# 26652861Listed by: COMPASS