$10,000 Closing Credit¹
#PW24155824, Ryan Loria, Listing Office: Triqor Group
#TR24135943·
Listing Office: Berkshire Hathaway HomeServices California Properties·
Listing Agent: Kevin Lee·
Listing Office Phone: 626-975-2521
481 Lincoln Ave Pasadena, CA 91103
$2,659,000 List price
0.3 acres
Condo
Property details
About 481 Lincoln Ave
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. BOTH BUILDINGS EXTERIOR FAÇADE WERE FULLY RENOVATED AND UPGRADED IN 2022. 5 out of 7 units were also upgraded with New Paint, Kitchen, Bathroom, Flooring. Updated Roof, New Electrical Main Panels and Subpanels. New Plumbing. New Windows. New Driveway Entrance. Each unit is individually metered for electricity and gas. Parking is provided by 5 open spaces between 2 buildings. The property is situated on a large corner lot of approximately 12,011 SF lot size. Great value-add opportunity for a short or long-term investment. The property is in a highly desirable centrally located neighborhood and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Highlights
Home typeCondominium
StatusActive
Lot size0.2757 Acres
Year built1903
MLS #TR24135943
Summary
- MLS Number: TR24135943
- MLS Name: CRMLS
- Office Name: Berkshire Hathaway HomeServices California Properties
- Office Phone: (626) 975-2521
- Listing Agent: Kevin Lee
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: 2/8/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,659,000
481 Lincoln Ave
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 27, 2021 | Home Sold | $1,500,000 |
| Nov 15, 2006 | Home Sold | $875,000 |
| Aug 30, 1995 | Home Sold | $195,000 |
| Feb 23, 1990 | Home Sold | $338,000 |
| Aug 23, 1988 | Home Sold | $230,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,560,840 | $18,753 |
| 2023 | $1,530,240 | $18,597 |
| 2022 | $1,500,240 | $17,952 |
| 2021 | $1,083,267 | $13,094 |
| 2020 | $1,071,923 | $12,626 |
| 2019 | $1,050,906 | $12,769 |
| 2018 | $1,030,300 | $12,622 |
| 2017 | $1,010,099 | $12,622 |
History based on county public records data.
Nearby schools
4
Madison Elementary School
Public District PK-5
0.8 mi
•515 E Ashtabula St
3
Washington Elementary School
Public District PK-5
1.3 mi
•1520 N Raymond Ave
5
San Rafael Elementary School
Public District KG-5
1.7 mi
•1090 Nithsdale Rd
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 $87,127. Typical income of Pasadena, CA residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
8%
<35k
58%
35k-100k
30%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
49%
Single, No Kids
15%
Single, with Kids
11%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
33%
18-34 yrs old
37%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Music Concerts
Where do the neighbors shop?
IKEA
Banana Republic
H&M
Where do the neighbors go to eat?
Quiznos
Jack In The Box
Chipotle
What do the neighbors drive?
Lexus
Toyota
Volkswagen
What do the neighbors listen to?
Soft Adult Contemporary
Jazz- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 481 Lincoln Ave
This home is located at 481 Lincoln Ave in Pasadena, CA and zip code 91103 in the The Verdugos neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 3, 2024 and is currently priced at $2,659,000.
Over 22 listings were sold over their listed price in January 2025 in Pasadena, CA. In the same period over 23 listings were sold below the listed price and 9 listings were sold for the listed price. The number of listings in Pasadena, CA increased by 16.2% between December and January 2025. While the average time on the market in January 2025 was 47 days, the median list price was $1,218,933.
From Rocket Homes Real Estate and based on county public records data.