$2,599,000
Multi-Family (7 Units)
Property type
1 day
On market
$514
Price per sqft
0 cars
Garage
1903
Year built
12,011 sqft
Lot size
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: Jun 16, 2026 at 11:35pm.
Last checked: Jun 17, 2026 at 12:00am
Source: CRMLS #TR26131676
| 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 | — | $1,995 | $1,995 | $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 | — | $2,960 | $1,960 | $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
Gross Rent Multiplier
14.3x
List Price / Annual Gross Rent
Cap Rate
4.83%
NOI / List Price
Gross Scheduled Income: $181,896
Vacancy Allowance: $5,457
Vacancy Allowance Rate: 3%
Operating Expense: $50,792
Net Operating Income: $125,647
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
Laundry: Inside
Entry Location: Front
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 Spaces: 0
Parking Total: 0
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5726010028
Additional Parcels: No
Tax Lot: 16
Zoning: PSR3
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Suburban
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Data last updated: 12:00 am on June 17, 2026.
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