481 Lincoln Avenue, Pasadena, CA 91103
Property
For sale now
481 Lincoln Avenue is on the market at $2,599,000. See the current listing →
Sold August 2021
Listing Agent: Alexander Metaxas (DRE #01784652) · Listing Office: Realty Investment Advisors, Inc. · Contact: 424-377-6001 · Bought with: Kevin Lee · Coldwell Banker George Realty · MLS #21766776 · Source: CRMLS
How this sale compares
481 Lincoln Avenue sold for $1,500,000 in August 2021, 14% under its $1,750,000 list price, after 15 days on the market. Across 62 closed sales in 91103 over the last 12 months, the median sold price is $1,391,000 and the median is $857 per square foot.
| Quarter | Closed sales in 91103 | Median sold price |
|---|---|---|
| Q1 2026 | 7 | $2,475,000 |
| Q2 2026 | 40 | $1,307,500 |
| Q3 2026 | 15 | $1,280,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Pasadena · Homes for sale in 91103
About this property
We are pleased to offer for sale a great opportunity for a contractor or experienced investor to purchase investment property with tremendous upside. The buildings have undergone very extensive updating and renovation work including plumbing, electrical, windows, foundation, but need a buyer to finish out the project. Once complete the new owner will have a fully updated property bringing great rental income. The property features a main building with five units consisting of four 1 bedroom, 1 bath and one 2 bedroom, 2 bath units. There is a separate 2 bedroom, 2 bath house that was completely renovated and includes a newly built 2-car garage with direct access into the house. The renovation work has been done through the City of Pasadena and includes new plumbing, electrical, windows, but still needs the completion of the building exterior and three unit interiors. A relatively short walk to Old Town Pasadena, this property is located in a high rental demand area and can yield really stable income. Rents, GRM and CAP Rate are based on three remaining units having renovations complete and rented at market rents. TENANTS ARE UNAWARE OF THE SALE. PLEASE DO NOT DISTURB THEM OR WALK ONTO PROPERTY. DRIVE BY ONLY.
Listing description from the August 2021 sale, as reported to CRMLS.
Sale history
Recent sales near 481 Lincoln Avenue
- 537 Cypress — Sold $650,000 · 3 bd · 3 ba · 1,432 sqft · Aug 2026 · 0.1 mi
- 116 Carlton Avenue — Sold $850,000 · 2 bd · 1 ba · 1,044 sqft · May 2026 · 0.3 mi
- 630 N Pasadena Avenue — Sold $1,198,800 · 4 bd · 4 ba · 1,466 sqft · Apr 2026 · 0.3 mi
- 270 Clinton — Sold $1,450,000 · 3 bd · 2 ba · 1,336 sqft · May 2026 · 0.3 mi
- 221 N Raymond Avenue — Sold $4,200,000 · Jan 2026 · 0.4 mi
- 243 Rosemont Avenue — Sold $970,000 · 2 bd · 3 ba · 1,318 sqft · Jun 2026 · 0.4 mi
- 423 W Walnut Street — Sold $1,200,000 · 3 bd · 3 ba · 1,421 sqft · Apr 2026 · 0.4 mi
- 859 Sunset Avenue — Sold $1,575,000 · 3 bd · 3 ba · 1,810 sqft · May 2026 · 0.5 mi
MLS-reported closed sales in 91103, nearest first (last 12 months). All recent sales in Pasadena →
Questions about 481 Lincoln Avenue
When did 481 Lincoln Avenue last sell?
481 Lincoln Avenue last sold in August 2021 for $1,500,000, according to CRMLS-reported closed sales.
What did 481 Lincoln Avenue sell for?
$1,500,000, 14% below the $1,750,000 list price, after 15 days on the market.
How does that compare to other Pasadena sales?
62 homes closed in ZIP 91103 over the last 12 months at a median of $1,391,000 ($857 per square foot).
Is 481 Lincoln Avenue for sale now?
Yes — 481 Lincoln Avenue is currently on the market at $2,599,000. Open the current listing on Nalren for photos, details and the listing agent.