CA > Pasadena
Pasadena, CA 91103,481 Lincoln Avenue
Pasadena, CA 91103,481 Lincoln Avenue
Pasadena, CA 91103,481 Lincoln Avenue
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Kevin Lee • Berkshire Hathaway HomeServices California Properties
$2,659,000
Est. payment /mo
5,061 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,061 sqft

Price per Sqft $525

MLS Listing ID TR-24135943

Year Built 1903

Lot Size 0.276 Acres

Property Sub-Type Apartment

Property Description

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 FACADE 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.

Location

State CA

County Los Angeles

Area 645 - Pasadena Nw

Zoning PSR3

Interior

Laundry Inside

Exterior

Parking Features Gated

Pool None

Community Features Suburban

Building

Lot Description Corner Lot

Sewer Public Sewer

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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