481 Lincoln Avenue
$2,659,000
10
9
5,061
5,061
$525
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. 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 FAÇADE WERE FULLY RENOVATED AND UPGRADED IN 2022. 5 out of 7 units were also upgraded with New Paint, Kitchen, Bathroom, Flooring....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. 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 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 Details for 481 Lincoln Avenue
Parking Spaces Total
0
Private PoolNo
Total Units7.0
Building TypeAttached
Lot Size SourceAssessor
Living Area5061
Assessor Parcel Number5726-010-028
Property Attached YNtrue
LISTING UPDATED: 07/25/2024 07:15 AM
Property Details for 481 Lincoln Avenue
Status | Active |
---|---|
MLS # | TR24135943 |
Days on Market | 119 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1903 |
County | Los Angeles County |
Building Information for 481 Lincoln Avenue
Building/Complex481 Lincoln AveFloor-Stories2Residences-Pet Policy-Year Built1903Building Size-
Property Information for 481 Lincoln Avenue
Property History for 481 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 481 Lincoln Avenue
Taxable ValueLand$1,248,480Additions$312,360Total$1,560,840
Tax Record2024$18,754 ($1,563 / month)
Home Facts
Total Finished SqFt4,607 SqFtAbove Grade Finished SqFt4,607 SqFtLot Size12,008 SqFtStyleMulti-Family Res (5+ Units)Year Built1903ZoningPSR3CountyLOS ANGELESAPN5726-010-028
Schools near 481 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 |
---|---|---|
Roosevelt 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.
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