Turnkey Apartment Building with 7
481 Lincoln Avenue Pasadena, CA 91103
For Sale
Contact for pricing
Upgraded 7-unit apartment complex with individual electric and gas meters and parking for five vehicles.
Lot Size0.28 Acres
Days on Market39
Property Features for 481 Lincoln Avenue
General Information
- Standard status
- Active
- Lot size
- 0.28 Acres
- Property subtype
- Multifamily
Listing Agency:
Coldwell Banker Envision
(562) 945-2221
Listed By:
Kevin Lee · License #01720786
Source:
Crexi
Added: Jun 16
Changed: Jul 22
Last Checked: Jul 24 at 3:19PM
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
Investment Insights
Based on property information with market context.
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
Property Analytics
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FAQs
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
