Pasadena, CA 91103,481 Lincoln AVE
Pasadena, CA 91103,481 Lincoln AVE
Pasadena, CA 91103,481 Lincoln AVE
Pasadena, CA 91103,481 Lincoln AVE
Pasadena, CA 91103,481 Lincoln AVE
Pasadena, CA 91103,481 Lincoln AVE
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$ 2,659,000
Est. payment | /mo

0.28 Acres Lot


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$ 2,659,000
Est. payment | /mo
Save

0.28 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR24135943

HOA Y/N No

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. 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.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Zoning PSR3

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Suburban

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5726010028

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Kevin Lee Coldwell Banker Envision 626-975-2521
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Arroyo Vista Elementary School

    Public | KG - 5

  • 10

    Marengo Elementary School

    Public | KG - 5

  • 10

    Valentine Elementary School

    Public | KG - 5

  • 9

    Celerity Troika Charter

    Public | KG - 8

  • 7

    Aveson School of Leaders

    Public | KG - 5

  • 6

    Rockdale Visual & Performing Arts Magnet

    Public | KG - 6

  • 6

    Yorkdale Elementary

    Public | KG - 5

  • 6

    San Rafael Elementary School

    Public | KG - 5

  • 6

    Coolidge Elementary School

    Public | KG - 5

  • 5

    Garvanza Elementary

    Public | KG - 5

  • 5

    San Pascual STEAM Magnet

    Public | KG - 5

  • 5

    Washington Elementary School

    Public | PK - 5

  • 5

    Longfellow Elementary School

    Public | PK - 5

  • 4

    Franklin Elementary School

    Public | PK - 5

  • 4

    Roosevelt Elementary School

    Public | PK - 5

  • 3

    Jackson STEM Magnet

    Public | PK - 5

  • 3

    Cleveland Elementary School

    Public | PK - 5

  • 3

    McKinley School

    Public | KG - 8

  • 3

    Jefferson Elementary School

    Public | PK - 5

  • 2

    Monte Vista Street Elementary

    Public | 2 - 6

Middle Schools 16
  • 10

    South Pasadena Middle School

    Public | 6 - 8

  • 9

    Huntington Middle School

    Public | 6 - 8

  • 8

    Marshall Fundamental

    Public | 6 - 12

  • 5

    Luther Burbank Middle School

    Public | 6 - 8

  • 5

    Aveson Global Leadership Academy

    Public | 6 - 12

  • 4

    Blair High School

    Public | 6 - 12

  • 2

    Charles W. Eliot Arts Magnet Academy

    Public | 6 - 8

  • 1

    Washington STEAM Multilingual Academy

    Public | 6 - 8

  • 0

    Optimist Charter

    Public | 7 - 12

  • 0

    Puc California Academy for Liberal Studies

    Public | 6 - 8

  • 0

    Fusion Academy Pasadena

    Private | 7 - 12

  • 0

    Flintridge Preparatory School

    Private | 7 - 12

  • 0

    The Hillside School & Learning Center

    Private | 7 - 12

  • 0

    Southwestern Academy

    Private | 6 - 12

  • 0

    Excelsior School

    Private | 8 - 12

  • 0

    The Peace & Justice Academy

    Private | 6 - 12

High Schools 11
  • 10

    La Canada High School

    Public | 9 - 12

  • 10

    South Pasadena High School

    Public | 9 - 12

  • 6

    Benjamin Franklin High School

    Public | 9 - 12

  • 5

    Puc Ca Academy for Liberal Studies Early College H

    Public | 9 - 12

  • 3

    John Muir High School

    Public | 9 - 12

  • 0

    Optimist High School

    Private | 9 - 12

  • 0

    Flintridge Sacred Heart Academy

    Private | 9 - 12

  • 0

    St Francis High School

    Private | 9 - 12

  • 0

    Mayfield Senior School

    Private | 9 - 12

  • 0

    Maranatha High School

    Private | 9 - 12

  • 0

    Rose City High (Continuation)

    Public | 9 - 12

School and business data provided by Attom Data.
Christian Task

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+1(714) 910-8642

ctaskre@gmail.com

P.O. Box 663, Sunset Beach, California, 90742, USA

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481 Lincoln AVE