Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
5,061 sqft

$2,599,000

481 Lincoln Avenue, Pasadena CA, 91103

Price per sqft$513.53
Built in1903
Property size5,061 sqft
Property typeCondominium

Overview

Active

Listed Jun 16, 2026

Updated 2 weeks ago

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.

$17,291/mo

Est. mortgage payment based on a $2,599,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
TR26131676

Interior Features

Basement
No

Exterior Features

Lot Size
0.28 Acres

Other Property Details

Maintenance Expense
$2,500
55+/Senior Community
No

Listed by Kevin Lee, Coldwell Banker Envision, CA DRE 01720786

Listing Contact: 626-975-2521 

Based on information from the CRISNet MLS as of 10/3/2026, 4:24 AM UTC. 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. The 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.

©2026 CRISNet MLS. All rights reserved. 

Powered by Luxury Presence