Turnkey Apartment Building with 7
For Sale
$2,599,000
481 Lincoln Avenue, Pasadena, CA 91103
Upgraded 7-unit apartment complex with individual electric and gas meters and parking for five vehicles.
Property Size5,061 SF
Lot Size0.28 Acres
Days on Market133
Property Features for 481 Lincoln Avenue
General Information
Standard status
Active
Size
5,061 SF
Total Parking Spaces
5
Lot size
0.28 Acres
Property subtype
Apartment
Occupancy
100%
Site & Location
Neighborhood
Lincoln Triangle Neighborhood Association
Additional Details
Multifamily Units
7
Building Details
Building Size
5,061 SF
Year Built
1903
Listing Agency:
Coldwell Banker Envision
Listed By:
Kevin Lee · License #01720786
(626) 975-2521
Source:
Velocityrealtysd
Added: Jun 16
Changed: Oct 11
Last Checked: Oct 24 at 11:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Envision
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This turnkey 7-unit apartment complex includes a mix of 1- and 2-bedroom layouts: four 1 bed/1 bath units, one 2 bed/1 bath unit, and two 2 bed/2 bath units. The property consists of both a two-story building built in 1903 and a single-story building built in 1952. Exterior façade areas on the two-story structure were fully renovated and upgraded in 2021, and five of the seven units have been upgraded with new interior finishes including paint, kitchen and bathroom updates, and new flooring. Additional improvements include an updated roof, new electrical main panels and subpanels, new plumbing, new windows, and a new driveway entrance. Each unit is individually metered for electricity and gas.
Parking is provided by five open spaces between the two buildings, and the property sits on a large corner lot of approximately 12,011 SF.
The complex is reported as 100% occupied, and the listing notes an assumable existing loan at 3.83% through February 2029.
Parking is provided by five open spaces between the two buildings, and the property sits on a large corner lot of approximately 12,011 SF.
The complex is reported as 100% occupied, and the listing notes an assumable existing loan at 3.83% through February 2029.
Key Highlights
- Turnkey upgraded 7‑unit apartment complex with 100% occupancy
- Unit mix: 4x 1 bed/1 bath, 1x 2 bed/1 bath, 2x 2 bed/2 bath
- Two buildings: 2‑story built in 1903 and single‑story built in 1952
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Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,787
Businesses Nearby
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Business Placement
Demographics for 91103, CA
26,887
Population
9,392
Households
2.9
Avg Household Size
39
Median Age
38%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
5,845
Density / Sq Mi
$84,683
Median Household Income
$43,591
Median Earnings
$1,925
Median Rent
$960,000
Median Home Value
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Upgraded 7-unit apartment complex with individual electric and gas meters and parking for five vehicles.
Where is this apartment building located?
The property is located at 481 Lincoln Avenue Pasadena, CA.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: Turnkey upgraded 7‑unit apartment complex with 100% occupancy; Unit mix: 4x 1 bed/1 bath, 1x 2 bed/1 bath, 2x 2 bed/2 bath; Two buildings: 2‑story built in 1903 and single‑story built in 1952
