$2,659,000
481 Lincoln Avenue, Pasadena CA 91103
Multi-Family (7 Units)
Property type
703 days
On market
$525
Price per sqft
0 cars
Garage
1903
Year built
12,011 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Kevin Lee DRE #01720786 626-810-6660, Coldwell Banker Envision
Listing updated: Dec 24, 2025 at 04:48pm.
Last checked: Jun 2, 2026 at 07:00am
Source: CRMLS #TR24135943
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,643 | $1,643 | $2,100 | Unfurnished |
| 1 | 1 | 1 | — | $1,643 | $1,643 | $2,100 | Unfurnished |
| 1 | 1 | 1 | — | $1,950 | $1,950 | $2,100 | Unfurnished |
| 1 | 1 | 1 | — | $2,050 | $2,050 | $2,300 | Unfurnished |
| 1 | 2 | 1 | — | $2,323 | $2,323 | $2,800 | Unfurnished |
| 1 | 2 | 2 | — | $2,643 | $2,643 | $3,200 | Unfurnished |
| 1 | 2 | 2 | — | $2,895 | $2,895 | $3,400 | Unfurnished |
# of Buildings: 2
# of Units Total: 7
Separate Electric Meters: 8
Separate Gas Meters: 7
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 7
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
14.6x
List Price / Annual Gross Rent
Cap Rate
4.72%
NOI / List Price
Gross Scheduled Income: $181,764
Vacancy Allowance: $5,453
Vacancy Allowance Rate: 3%
Operating Expense: $50,792
Net Operating Income: $125,519
Annual Operating Expenses
Electric: $1,676
Gardener: $960
Insurance: $9,491
Maintenance: $2,500
New Taxes: $28,237
Professional Management: $0
Trash: $5,436
Water / Sewer: $2,492
Interior
Laundry: Inside
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Corner Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5726010028
Additional Parcels: No
Tax Lot: 16
Zoning: PSR3
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Suburban
Nearby Schools
Nearby schools around the 481 Lincoln Avenue, Pasadena, CA 91103. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,127,200
Total Interest
$2,713,126
Total Payment
$4,840,326
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$16,365
per month
Property History for 481 Lincoln Avenue
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91103.
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