Pasadena, CA 91103 553 Lincoln Avenue

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  • MLS# 21698020
  • 02/25/2021
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Presented By: Edward Pan with Colliers International Greater Los Angel.
  • Beds • 4
  • Baths • 4
  • Year Built • 1924

Home Details

Presented for sale is 553 Lincoln Ave., a 4-Unit multi-family apartment building located just north of Colorado Blvd. in a desirable and dense residential neighborhood of Pasadena. The property consists of two single story buildings with on-site laundry facility, and parking / storage in the rear. The building totals 1,942 rentable square feet situated on an approximately 9,572 square foot rectangular lot. Originally built in 1924,the well maintained cottage style quadraplex has (3) 1BR/1BA units and(1) 2BR/1BA unit, with 100% occupancy. Three out of the four rental units have rental rates below market rate, with updated market rents*, the property has the potential to achieve a 4.11% CAP rate in a highly desirable location. This apartment buildings conveniently located adjacent to Pacific Oaks College of Pasadena, OldTown Pasadena, the Rose Bowl, and Brookside Park. * = Buyer should complete their own due diligence/research on compliance for rental increases.
Presented By: Edward Pan with Colliers International Greater Los Angel.

Interior Features for 553 Lincoln Avenue

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NNo

General for 553 Lincoln Avenue

AppliancesDishwasher
Architectural StyleCottage
Carport Y/NYes
CoolingWall/Window Unit(s)
Facing DirectionEast
HeatingNone
LevelsOne
Listing AgentEdward Pan - BRE#01894476
Listing Agent State License01894476
MLS Area645 - Pasadena (NW)
Parking FeaturesDetached Carport
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Total Units4
ZoningPSR3

Exterior for 553 Lincoln Avenue

Lot Size Acres0.22
Lot Size Area9572
Lot Size SourceAssessor
Lot Size Square Feet9572
Lot Size UnitsSquare Feet
Number of Buildings2

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group
Price $1,550,000
MLS#21698020
List Date 02/25/2021
Property Type Income
Phone 310.658.1749
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