Address
553 Lincoln Avenue Pasadena, CA
Price
$ 1,550,000
Property Attributes
- MLS#21698020
- TypeIncome
- CountyLOS ANGELES
- CityPasadena
- AreaPasadena
- Zip91103
- StyleCottage
- Price$ 1,550,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Lot Size9,583 SqFt
Listing Provided Courtesy Of:
Edward Pan with Colliers International Greater Los Angel.
Data Source:
CRMLS
Property Description
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.
| Price History | |
|---|---|
| 2/26/2021 | Listed $1,550,000 |
General Features
| Appliances | Dishwasher |
|---|---|
| Architectural Style | Cottage |
| Carport Y/N | Yes |
| Cooling | Wall/Window Unit(s) |
| Facing Direction | East |
| Heating | None |
| Levels | One |
| MLS Area | 645 - Pasadena (NW) |
| Parking Features | Detached Carport |
| Property Type | Residential Income |
| Total Units | 4 |
| Zoning | PSR3 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|
Exterior Features
| Lot Size Acres | 0.22 |
|---|---|
| Lot Size Area | 9572 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 9572 |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 91103
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 22, 2021 12:12 AM UTC 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.
Based on information from California Regional Multiple Listing Service, Inc. as of April 22, 2021 12:12 AM UTC 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.
