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$2,599,000

FOR SALE
Active

481 Lincoln Avenue

Pasadena, CA

MLS# TR26131676

Apartment
143 days on marketNalren refreshed

Listing Agent

Kevin Lee

Listing Agent

Coldwell Banker Envision

DRE #: 01720786

(626) 975-2521

Brokerage: Coldwell Banker Envision

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1903

Year Built

0.28 acres

Lot Size

N/A

Price/Sq Ft

0

Garage Spaces

N/A

HOA

Apartment

Property Type

Description

** ASSUMABLE EXISTING LOAN AT 3.83% UNTIL FEBRUARY, 2029!!! 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.

Facts & Features

Interior

Laundry Features
In-Unit Laundry

Exterior

Private Pool
No
Lot Features
Corner Lot

Building

Year Built
1903
Building Area Total
5,061
Levels
Two
Stories Total
2

Utilities

Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
0
Parking Total
0

Community / HOA

HOA
No
Association Fee
$0

Sale history for 481 Lincoln Avenue

  • Sold $1,500,000 in August 2021 · MLS #21766776 · Source: CRMLS

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CRMLS

MLS# TR26131676

Listed:

Nalren refreshed:

Last updated

© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Coldwell Banker Envision

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.