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1910-1918 Lincoln Ave
Pasadena, CA 91103 Northwest Pasadena

$3,800,000 USD

Apartments For Sale  •  8,430 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,430 SF
  • Lot Size 0.33 AC
  • Building Class C
  • Year Built 1949
  • Cap Rate 5.43 %
  • Zoning PSR1
41 Transit Score
71 Walk Score

Highlights

16-Unit Value Add Opportunity in Pasadena: Excellent 16-unit value add opportunity in Pasadena with current rents approximately 12% under market rate
Excellent Metrics: $237,500 price per unit / 5.43% cap rate and 11.66 GRM on current rents
Favorable Unit Mix: Excellent unit mix consisting of (2) two-bedroom/one-bathroom units, (12) one-bedroom/one-bathroom units and (2) studios
Walk Score 80: Property has Walk Score of 80 (very walkable) and it is just down the street from Homestate & Stumptown Coffee Roasters
Proximity to 210, 134 and 110 Freeways: Residents have easy commute to Downtown LA, Eagle Rock, Highland Park, La Cañada Flintridge
Located Near Public Transit (A Line): close in proximity to several of Pasadena’s A Line Stations providing convenient westbound access to DTLA

Property Flyers

Cap Rate: 5.43 %

Amenities

  • Laundry Facilities

Public Transportation

AirportDriveWalkDistance
Bob Hope 25 min - 16.6 mi
Los Angeles International 42 min - 26.9 mi
Long Beach (Daugherty Field) 45 min - 28.5 mi
Matt Ziegler 818-212-2738 Marcus & Millichap
Matt Ziegler 818-212-2738 Marcus & Millichap