481 Lincoln Avenue

Pasadena, CA 91103

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,061 Sqft
  • 12011
    Sqft(Lot)
$2,659,000

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). with cap rate close to 5% in a class-a location, and 100% occupied. 2 story building was built in 1903 and single story building was built in 1952. both buildings exterior faÇade 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46257083

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1903
    • Building Area Total: 5,061

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2757
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 12011

  • Listing Price Information

    • Original List Price: 2,659,000
    • Listing Contract Date: 2024-07-01

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5726010028

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 645 - Pasadena (NW)
    • Postal Code Plus 4: 3371
    • Directions: Corner of Lincoln Ave. and W. Villa St.
    • Zoning: PSR3
    • Source Property Type: Residential Income
    • Area: 645 - Pasadena (NW)
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 121
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 07/07/2024 @ 03:18

  • MLS: TR24135943
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,061 sqft, 12,011 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Pasadena , in zip code 91103, this Los Angeles County Home are nearby neighborhoods.