3103 Lincoln Avenue
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Description
Welcome to a rare find in the heart of Altadena, a well-maintained triplex nestled on an expansive 8,700+ sq. ft. lot with endless possibilities! With three current tenants on month-to-month leases paying under-market rents, this property offers immediate cash flow and a host of opportunities for savvy investors, developers, or even first-time homebuyers looking to capitalize on the robust Altadena real...Charming Altadena Triplex with Huge Development Potential – A Smart Investor's Dream Opportunity
Welcome to a rare find in the heart of Altadena, a well-maintained triplex nestled on an expansive 8,700+ sq. ft. lot with endless possibilities! With three current tenants on month-to-month leases paying under-market rents, this property offers immediate cash flow and a host of opportunities for savvy investors, developers, or even first-time homebuyers looking to capitalize on the robust Altadena real estate market. Property Highlights:
Three units in great condition, providing a stable rental income stream. Month-to-month leases offer flexibility for immediate rent increases or renovations. Huge 8,700+ sq. ft. lot with development potential – a dream canvas for creative investors. Covered carport with potential for ADU (Accessory Dwelling Unit) conversion, allowing for additional rental income or living space. Prime Altadena location, just minutes from shops, dining, parks, and easy access to Pasadena and Downtown Los Angeles. The Development Opportunity:
The sheer size of this 8,700+ sq. ft. lot opens up a world of options for the astute investor. Zoned for multi-family use, the lot’s size, shape, and current layout are ideal for someone looking to expand, redevelop, or reimagine the property to maximize value. Investor Appeal – Immediate Cash Flow with Long-Term Growth Potential
With rents currently below market value, this property offers immediate upside potential. A simple rent increase to market rates could improve your cash flow considerably, even without making any major changes. However, if you're the type of investor looking to maximize returns, this property could be a goldmine with strategic upgrades or redevelopment. Whether you're looking for a value-add opportunity, a place to call home while benefiting from rental income, or a development project with significant upside, this triplex checks all the boxes. The time to act is now! Schedule a viewing to see this fantastic property and review the numbers with us. Properties offering this level of flexibility and growth potential are a rarity in Altadena. Whether you’re a seasoned investor looking for your next project or a first-time buyer hoping to live in one unit while benefiting from rental income, this triplex is a must-see.
- Listed by ROBERT WATKINS • DRE #01459483 • Brokerage DRE #01525571 • RE/MAX TIME REALTY • 909-205-5848
Property Details for 3103 Lincoln Avenue
Property Details for 3103 Lincoln Avenue
| Status | Active |
|---|---|
| MLS # | IV24246230 |
| Days on Market | 15 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Townhouse |
| MLS Type | Residential |
| Year Built | 1955 |
| Lot Size | 0.20 AC / 8,767 SF |
| County | Los Angeles County |
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Building Information for 3103 Lincoln Avenue
Property Information for 3103 Lincoln Avenue
- Tax Tract Number: N/A
- Tax Census Tract: 4603.01
- CFD/Mello-Roos Fee: $1,266
- Tax Lot: 31
- Assessments YN: Yes
- Assessments: Unknown
- Community Features: Curbs
- Room Type: Kitchen, Living Room
- Laundry: Yes
- Laundry Features: See Remarks
- Laundry Location: Other/Remarks
- Fireplace Features: See Remarks
- Fireplace Rooms: Other
- Fireplace: Other/Remarks
- Cooling: See Remarks
- Virtual Tour URL Branded: https://my.matterport.com/show/?m=BxcxpM1zBCu
- Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=BxcxpM1zBCu&brand=0
- Entry Location: 1
- Structure Type: Triplex
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Irregular Lot
- Lease Considered: No
- Available For Lease: No
- Land Lease: No
- Land Lease Type: Fee
- Levels: Multi/Split
- Water: Public
- Sewer: Public Sewer
- Sewer/Septic: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Residential Styles: All Other Attached
- Residential Unit Location: End Unit, 1 common wall
Property History for 3103 Lincoln Avenue
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3103 Lincoln Avenue
Schools near 3103 Lincoln Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Franklin Elementary School PublicK to 5 | ||
Charles W. Eliot Middle School Public6 to 8 | ||
John Muir High School Public9 to 12 | ||
Learning Works School Charter7 to 12 |
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.
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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 TIME REALTY, ROBERT WATKINS, DRE #01459483
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.