1758 Lincoln Avenue

Pasadena, CA 91103

$1,295,000
Price
4
Beds
4
Baths
2,080 Sq. Ft.
$623 / Sq. Ft.
2,080
Sq. Ft.
$623
per Sq. Ft.

Description

Attention All Buyers and Investors! We are proud to represent this 4 unit Multi-Family building in the North-West of Pasadena. Easy access to 210 freeway, short drive to Rose Bowl Stadium, Next to Pasadena City College NW location and Cal Tech, close to parks, schools, museums and grocery stores. This offering presents a rare opportunity to investors to acquire a strategically located, value-add investment opportunity! Its unit consists of (4) one bedroom one bath units(Each unit has laundry hook-up)....Attention All Buyers and Investors! We are proud to represent this 4 unit Multi-Family building in the North-West of Pasadena. Easy access to 210 freeway, short drive to Rose Bowl Stadium, Next to Pasadena City College NW location and Cal Tech, close to parks, schools, museums and grocery stores. This offering presents a rare opportunity to investors to acquire a strategically located, value-add investment opportunity! Its unit consists of (4) one bedroom one bath units(Each unit has laundry hook-up). Unit 2 and Unit 3 have been completely remodeled last year. There is a detached 3-car garage in the back yard with new garage doors and new roof. With a lot size of 7,123 square feet. 100% Occupied with Excellent pay rent on time tenants. All units have individual electric and gas meters. Don’t miss this opportunity, it won’t last!
  1. Listed by Yuqing Wang • DRE #02020777 • Brokerage DRE #01379606 • Re/Max Premier Prop Arcadia • 626-650-5666
  2. Listed by LIN LI • DRE #02070811 • Brokerage DRE #01379606 • RE/MAX PREMIER/ARCADIA

Property Details for 1758 Lincoln Avenue

Parking Spaces Total
3
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2080
Assessor Parcel Number
5825-015-004
Property Attached YN
false
LISTING UPDATED: 10/10/2024 06:22 AM

Property Details for 1758 Lincoln Avenue

StatusActive
MLS #AR24174265
Days on Market91
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.16 AC / 7,123 SF
CountyLos Angeles County

Building Information for 1758 Lincoln Avenue

Stories1Residences-Year Built1947Building Size-Lot Size0.16 AC / 7,123 SF

Property Information for 1758 Lincoln Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $75,900
  • Gross Scheduled Income: $75,900
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $75,900
  • Net Operating Income: $55,290
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Cap Rate: 4.1
Expense Details
  • Operating Expense: $20,610
  • New Taxes Expense: $14,850
  • Gardener Expense: $780
  • Electric Expense: $200
  • Insurance Expense: $1,300
  • Professional Management Expense: $2,160
  • Trash Expense: $0
  • Water Sewer Expense: $1,320
  • Total Expenses: $20,610
Tax / Assessment Info
  • Tax Tract Number: 6491
  • Tax Census Tract: 4609.00
  • CFD/Mello-Roos Fee: $915
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room, Washer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 2025
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,025
  • Unit Type Total Rent: $2,025
  • Unit Type Pro Forma: 2025
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,025
  • Unit Type Total Rent: $2,025
  • Unit Type Pro Forma: 2025
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,275
  • Unit Type Total Rent: $1,275
  • Unit Type Pro Forma: 2025
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1758 Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1758 Lincoln Avenue

Taxable ValueLand$795,906Additions$180,405Total$976,311
Tax Record2024$11,616 ($968 / month)
Home Facts
Total Finished SqFt2,080 SqFtAbove Grade Finished SqFt2,080 SqFtLot Size7,121 SqFtStyleQuadraplexYear Built1947ZoningPSR1CountyLOS ANGELESAPN5825-015-004

Schools near 1758 Lincoln Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Jackson Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Odyssey Charter School - South
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1758 Lincoln Avenue is a multi-family home for sale in Pasadena, CA 91103. This property was listed for sale on August 22, 2024 by Re/Max Premier Prop Arcadia, it's currently listed at $1,295,000. It has been on the market for a total of 91 days and was last sold on April 15, 2021. This listing's school district is Pasadena Unified School District. Nearby schools include Jackson Elementary School, Octavia E. Butler Magnet School and John Muir High School. 1758 Lincoln Avenue is a 4-bed, 4-bath, 2,080 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max Premier Prop Arcadia, Yuqing Wang, DRE #02020777; RE/MAX PREMIER/ARCADIA, LIN LI, DRE #02070811

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.