Four-Unit Cottage
For Sale
$1,400,000
553 Lincoln Ave, Pasadena, CA 91103
Cottage-style income property with one vacant unit, updated plumbing, and transit and retail amenities within walking distance.
Property Size1,942 SF
Days on Market91
Property Features for 553 Lincoln Ave
General Information
Standard status
Active
Size
1,942 SF
Property subtype
MULTI_FAMILY
Additional Details
Public Transit
Yes
Multifamily Units
4
Amenities
laundry
Building Details
Building Size
1,942 SF
Year Built
1924
Construction
cottage-style
Listing Agency:
Compass
Listed By:
Rolan Meyer · License #02129783
(917) 494-4394
Source:
Milsteinestates
Added: Jun 8
Changed: Aug 31
Last Checked: Sep 6 at 9:12AM
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 Compass
Investment Insights
Based on property information with market context.
This four-unit cottage-style property in Pasadena includes one vacant residence alongside three occupied units. The building features hardwood and tile flooring, granite countertops, ceiling fans, and individual wall-mounted heating and cooling units. Landlord-owned laundry equipment provides supplemental revenue, while tenants cover gas and electricity. Plumbing was updated in 2023, electrical improvements were completed within the last decade, and the roof remains in good standing.
The Metro Gold Line Station is steps from the property, with a grocery store, Starbucks, CVS, and major banking services within one block. Old Town Pasadena’s dining, retail, and cultural destinations are minutes away. The property carries a market cap rate near 6% and offers a four-unit configuration with one residence available for occupancy or further operational planning.
The Metro Gold Line Station is steps from the property, with a grocery store, Starbucks, CVS, and major banking services within one block. Old Town Pasadena’s dining, retail, and cultural destinations are minutes away. The property carries a market cap rate near 6% and offers a four-unit configuration with one residence available for occupancy or further operational planning.
Key Highlights
- Four‑unit cottage‑style property with one vacant unit
- Plumbing updates completed in 2023
- Electrical improvements completed within the last decade
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,787
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Cottage-style income property with one vacant unit, updated plumbing, and transit and retail amenities within walking distance.
Where is this quadplex located?
The property is located at 553 Lincoln Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Four‑unit cottage‑style property with one vacant unit; Plumbing updates completed in 2023; Electrical improvements completed within the last decade
