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481 Lincoln Avenue, Pasadena, CA 91103
Priced at Only: $2,659,000
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Address: 481 Lincoln Avenue, Pasadena, CA 91103
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481 Lincoln Avenue
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  • MLS#: TR24135943 ( Apartment )
  • Street Address: 481 Lincoln Avenue
  • Viewed: 2
  • Price: $2,659,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1903
  • Bldg sqft: 0
  • Days On Market: 620
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91103
  • Provided by: Coldwell Banker Envision
  • Contact: Kevin Kevin
  • California Regional MLS IDX
  • DMCA Notice
  • 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 faade 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.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 5061.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 614
Electric Expense
  1. 1676.00
Entry Location
  1. Front
Garage Spaces
  1. 0.00
Gardner Expense
  1. 960.00
Insurance Expense
  1. 9491.00
Laundry Features
  1. Inside
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Corner Lot
Netoperatingincome
  1. 125519.00
Newtaxesexpense
  1. 28237.00
Parcel Number
  1. 5726010028
Pool Features
  1. None
Postalcodeplus4
  1. 3371
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 418191165:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 50792.00
Trash Expense
  1. 5436.00
Vacancyallowance
  1. 5453
Water Sewer Expense
  1. 2492.00
Water Source
  1. Public
Year Built
  1. 1903
Year Built Source
  1. Assessor
Zoning
  1. PSR3
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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