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481 Lincoln Ave
Pasadena, CA 91103 Lincoln-Villa

$2,659,000 USD

Apartments For Sale • 5,061 SF

Property Details

Property Type Apartments
Total Building Size 5,061 SF
Lot Size 0.28 AC
Building Class C
Year Built 1903
Cap Rate 4.76 %
Zoning PSR3

67 Transit Score

85 Walk Score

                
                    Highlights
                
                                7 Units with 2 Buildings (4 Units: 1 Bed/ 1 Bath, 1 Unit: 2 Bed/ 1 Bath, 2 Units: 2 Bed/ 1 Bath).
                            
                                All Building Exterior and 5 of 7 Units were fully renovated in 2022.
                            
                                Monthly Gross Income $14,822.00 (100% occupied).

Property Flyers

481 Lincoln, Pasadena - $2,659,000 Setup Sheet

Financial Summary (Actual)

Net Operating Income: $126,462 USD (2023)

Cap Rate:	4.76 %
Total Expenses:	$46,076 USD

Amenities

24 Hour Access
Air Conditioning
Refrigerator

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	12 min	-	8.9 mi
Transit/Subway	Drive	Walk	Distance
Memorial Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
Bob Hope	22 min	-	16.5 mi
Los Angeles International	39 min	-	25.0 mi
Long Beach (Daugherty Field)	42 min	-	26.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes

Kevin Lee 626-975-2521 Coldwell Banker Envision

481 Lincoln Ave Pasadena, CA 91103 Lincoln-Villa