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553 Lincoln Avenue, Pasadena, CA 91103

Pasadena
Local realty services provided by:CENTURY 21 Masters
553 Lincoln Avenue,Pasadena, CA 91103
$1,400,000
  • 5 Beds
  • 4 Baths
  • 1,942 sq. ft.
  • Multi-family
  • Active
Listed by: rolan meyer
Office: compass310-437-7500
MLS#:26843273
Source:CRMLS

Price summary

  • Price:$1,400,000
  • Price per sq. ft.:$720.91

About this home

Opportunities like this don't surface often. 553-559 Lincoln Avenue is a character-rich, four-unit cottage-style property positioned in the heart of Pasadena and it arrives with one unit delivered vacant. That detail opens the door to owner-user financing: conventional loans with lower down payment requirements, better rates, and terms unavailable on pure investment acquisitions. Live in one, collect rent from three, one of the most effective wealth-building structures in residential real estate. For the investor, the fundamentals are equally strong. In-place income is stable, tenants cover gas and electricity, and landlord-owned laundry equipment adds $150-$200/month in supplemental revenue. Major capital work has already been absorbed; plumbing updates in 2023, electrical improvements within the last decade, and a roof in good standing. Upside runs through operational refinement and cosmetic improvement. Market Cap Rate near 6%. Built in the classic cottage tradition, the property...

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Home facts

  • Year built:1924
  • Listing ID #:26843273
  • Added:91 day(s) ago
  • Updated:September 12, 2026 at 11:16 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Flooring:Wood
  • Kitchen Description:Microwave, Refrigerator
  • Living area:1,942 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1924
  • Building area:1,942 sq. ft.
  • Lot area:0.22 Acres
  • Architectural Style:Cottage
  • Levels:1 Story

Finances and disclosures

  • Price:$1,400,000
  • Price per sq. ft.:$720.91

Features and amenities

  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:4
  • Parking description:4 Carport Space(s), Carport
  • Carport spaces:4
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Masters is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Masters, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Randy Keith Thompson

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