$10,000
closing credit¹
3103 Lincoln Ave Altadena, CA 91001
Property details
About 3103 Lincoln Ave
Charming Altadena Triplex with Huge Development Potential – A Smart Investor's Dream Opportunity Welcome to a rare find in the heart of Altadena, a well-maintained triplex nestled on an expansive 8,700+ sq. ft. lot with endless possibilities! With three current tenants on month-to-month leases paying under-market rents, this property offers immediate cash flow and a host of opportunities for savvy investors, developers, or even first-time homebuyers looking to capitalize on the robust Altadena real estate market. Property Highlights: Three units in great condition, providing a stable rental income stream. Month-to-month leases offer flexibility for immediate rent increases or renovations. Huge 8,700+ sq. ft. lot with development potential – a dream canvas for creative investors. Covered carport with potential for ADU (Accessory Dwelling Unit) conversion, allowing for additional rental income or living space. Prime Altadena location, just minutes from shops, dining, parks, and easy access to Pasadena and Downtown Los Angeles. The Development Opportunity: The sheer size of this 8,700+ sq. ft. lot opens up a world of options for the astute investor. Zoned for multi-family use, the lot’s size, shape, and current layout are ideal for someone looking to expand, redevelop, or reimagine the property to maximize value. Investor Appeal – Immediate Cash Flow with Long-Term Growth Potential With rents currently below market value, this property offers immediate upside potential. A simple rent increase to market rates could improve your cash flow considerably, even without making any major changes. However, if you're the type of investor looking to maximize returns, this property could be a goldmine with strategic upgrades or redevelopment. Whether you're looking for a value-add opportunity, a place to call home while benefiting from rental income, or a development project with significant upside, this triplex checks all the boxes. The time to act is now! Schedule a viewing to see this fantastic property and review the numbers with us. Properties offering this level of flexibility and growth potential are a rarity in Altadena. Whether you’re a seasoned investor looking for your next project or a first-time buyer hoping to live in one unit while benefiting from rental income, this triplex is a must-see.
Highlights
Virtual tour
Summary
- MLS Number: IV24246230
- MLS Name: CRMLS
- Office Name: RE/MAX TIME REALTY
- Office Phone: (909) 205-5848
- Listing Agent: ROBERT WATKINS
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/22/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,499,999
3103 Lincoln Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 01, 2007 | Home Sold | $775,000 |
| Aug 19, 1999 | Home Sold | $46,245 |
| Aug 19, 1999 | Home Sold | $46,254 |
| Aug 19, 1999 | Home Sold | $92,500 |
| May 28, 1998 | Home Sold | $30,640 |
| May 27, 1998 | Home Sold | $220,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $959,252 | $11,258 |
| 2020 | $949,417 | $10,844 |
| 2019 | $930,802 | $11,003 |
| 2018 | $912,552 | $10,893 |
| 2017 | $894,660 | $10,893 |
History based on county public records data.
Nearby schools
5
Jackson STEM Magnet
Public District PK-5
1.1 mi
•593 W Woodbury Rd
4
Altadena Arts Magnet
Public District PK-5
1.7 mi
•743 E Calaveras St
9
Paradise Canyon Elementary School
Public District KG-6
1.8 mi
•471 Knight Way
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $123,566. Residents of Altadena, CA typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Skiing/snowboarding
Men's Tennis- Tennis
Where do the neighbors shop?
Nordstrom
Bloomingdales
Brooks Brothers
Where do the neighbors go to eat?
California Pizza Kitchen
Bonefish Grill
Qdoba
What do the neighbors drive?
BMW
Lexus
Acura
What do the neighbors listen to?
Talk/Personality
News
Sports
This home is located at 3103 Lincoln Ave in Altadena, CA and zip code 91001 in the The Verdugos neighborhood. This 2,622 square foot home, which was built in 1955, sits on a 0.20 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $1,499,999.
While more than 11 listings in Altadena, CA in December 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 4 were sold below. The inventory of homes for sale in Altadena, CA between November and December 2024 decreased by 7.8%. In December 2024 median list price was $1,374,846 and the average listing age was 26 days.