CA > Pasadena
Pasadena, CA 91103,481 Lincoln Avenue
Pasadena, CA 91103,481 Lincoln Avenue
Pasadena, CA 91103,481 Lincoln Avenue
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$2,659,000
Est. payment /mo
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4 Beds
4 Baths
0.28 Acres Lot
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481 Lincoln Avenue Pasadena, CA 91103

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Mike Acker

Mike Acker

Hunter & Maddox Real Estate

+1(619) 454-0620

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR24135943

Bedrooms 4

HOA Y/N No

Lot Size 0.276 Acres

Property Sub-Type Res Income 2-4 Units

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 FAADE 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.
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 FAADE 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 Pasadena (91103)

Zoning Assessor

Building

Lot Description Corner Lot

Story 2

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $1,595

Listing Terms Cash, Conventional, Exchange

San Diego Regional MLS (SDMLS)
Listed by Kevin Lee • Berkshire Hathaway HomeServices California Properties

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agent

Mike Acker

Agent | License ID: 01356721

+1(619) 454-0620

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481 Lincoln Avenue

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