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Listed by: Kevin Lee (626) 810-6660 DRE #01720786 | Coldwell Banker Envision (562) 945-2221
$2,599,000
Monthly Est:$12,936
10 Beds
9 Baths
5,061sqft
481 Lincoln Ave, Pasadena, CA 91103
$2,599,000
$12,936/moEst:
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Apartment
Built in 1903
$-- HOA
12,011 sqft lot
$514/sq.ft
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. 2 STORY BUILDING EXTERIOR FAÇADE WERE FULLY RENOVATED AND UPGRADED IN 2021. 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.
- Houzeo last checked: 2 hours ago
- Listing updated: October 3, 2026 at 12:29 am
- Source: California Regional MLS-CA | MLS#: TR26131676
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1903
HOA Fees
-
Finished Area
5,061 sqft
Lot Size
12,011 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
TR26131676
MLS Status
Active
Days on Market
127
Cumulative Days on Market
108
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 9
Interior
Sewer
Public Sewer
Utilities & Energy
Water Source
Public
Laundry Features
Inside
Pool Features
None
Other Features
Community Features
Suburban
Lot Features
Corner Lot
Tenant Pays
Electricity, Gas
Price History
| Date | Event | Price |
|---|---|---|
06/16/2026 Source: | Price Decreased | $2,599,000 -2.26% $514/sqft |
07/02/2024 Source: | Listed for Sale | $2,659,000 $525/sqft |
07/02/2024 Source: | Off Market | $2,659,000 +77.27% $525/sqft |
08/31/2021 Source: | Sold | $1,500,000 $296/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 22, 2026, 01:15PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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