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$2,659,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 481 Lincoln Ave

General

  • Price: $2,659,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: TR24135943
  • Updated: 12/24/2025
  • Days on Market: 564 days
  • Added to Site: 564 day(s) ago

Rooms

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool Description: None

Location

  • Area: 645 - Pasadena (NW)
  • County: Los Angeles
  • Development Name: 645 - Pasadena (NW)
  • Driving Directions: Corner of Lincoln Ave. and W. Villa St.

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 7
  • # Electric Meters: 8

Structural Information

  • Entry Location: Front
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 5,061
  • Year Built: 1903

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.2757
  • Lot Size (Sq. Ft.): 12,011
  • Lot Size Source: Assessor
  • Zoning: PSR3
  • Lot Description: Corner Lot

Financial Considerations

  • Price Per Sq. Ft.: $525.39
  • Price Per Unit: 379857

Listed by Coldwell Banker Envision, Kevin Lee

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Listing agent

— 481 Lincoln Ave —

  • Kevin Lee

    Coldwell Banker Envision

626-975-2521

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 481 Lincoln Ave

School District:Pasadena Unified School District
NameGradesDistance
Octavia E. Butler Magnet School
1505 North Marengo Avenue, Pasadena, CA 91103
6-81.4 mi
John Muir High School
1905 N. Lincoln Ave., Pasadena, CA 91103
9-121.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 481 Lincoln Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/02/2024
Listed
$2,659,000
77.27%
MLS
8/23/2021
Sold
$1,500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 481 Lincoln Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,719
6%
$1,592,051
4%
2023
$18,598
4%
$1,530,240
2%
2022
$17,953
37%
$1,500,240
38%
2021
$13,095
4%
$1,083,267
1%
2020
$12,603
—
$1,072,163
2%
2019
$12,626
-1%
$1,050,906
2%
2018
$12,770
1%
$1,030,300
2%
2017
$12,622
2%
$1,010,099
2%
2016
$12,334
1%
$990,294
2%
2015
$12,195
2%
$975,419
2%
2014
$11,977
—
$956,313
—
2013
$11,944
—
$951,992
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Coldwell Banker Envision, Kevin Lee

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481 Lincoln Avenue, Pasadena, CA 91103 (MLS# TR24135943) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 481 Lincoln Avenue is currently listed for $2,659,000 and was received on July 02, 2024. Want to learn more about 481 Lincoln Avenue? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.

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