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481 Lincoln Ave
Pasadena, CA 91103 Lincoln-Villa

$2,659,000 USD

Apartments For Sale  •  5,061 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,061 SF
  • Lot Size 0.28 AC
  • Building Class C
  • Year Built 1903
  • Cap Rate 4.76 %
  • Zoning PSR3
67 Transit Score
86 Walk Score

Highlights

7 Units with 2 Buildings (4 Units: 1 Bed/ 1 Bath, 1 Unit: 2 Bed/ 1 Bath, 2 Units: 2 Bed/ 1 Bath).
All Building Exterior and 5 of 7 Units were fully renovated in 2022.
Monthly Gross Income $14,822.00 (100% occupied).

Property Flyers

Financial Summary (Actual)

Net Operating Income: $126,462 USD (2023)
Cap Rate: 4.76 %
Total Expenses: $46,076 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Refrigerator

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 8.9 mi
Transit/SubwayDriveWalkDistance
Memorial Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
Bob Hope 22 min - 16.5 mi
Los Angeles International 39 min - 25.0 mi
Long Beach (Daugherty Field) 42 min - 26.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Kevin Lee 626-975-2521 Berkshire Hathaway California Properties
Kevin Lee 626-975-2521 Berkshire Hathaway California Properties