Listed by Kevin Lee, Coldwell Banker Envision, (562) 945-2221
481 Lincoln Ave
Pasadena, CA 91103
West Central- 10 Beds
- 9 Baths
- 5,061 sqft (on 0.28 acres)
10 Beds
9 Baths
5,061 sqft
(on 0.28 acres)
Local Information
© Google
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Description
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. 2 STORY BUILDING EXTERIOR FAÇADE WERE FULLY RENOVATED AND UPGRADED IN 2021. 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.
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.
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
$525
Listed
180+ days ago
Home Details for 481 Lincoln Ave
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Beds & Baths Number of Bedrooms: 10Number of Bathrooms: 9 |
Appliances & Utilities Laundry: Inside |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: Front |
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Exterior Home Features No Private Pool |
Parking & Garage No Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 540Days on Market: 180+ |
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Year Built Year Built: 1903 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 5726010028 |
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Price List Price: $2,659,000Price Per Sqft: $525 |
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MLS Status: Active |
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Direction & Address City: Pasadena |
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Listing Agent Listing ID: TR24135943 |
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Building Area Building Area: 5061 Square Feet |
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Community Features: SuburbanNot Senior Community |
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Association for this Listing: California Regional MLSHOA Fee: No HOA Fee |
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Lot Area: 0.28 acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan, Conventional, 1031 Exchange |
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Expense Tenant Pays: Electricity, Gas |
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Has Rent Control |
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Mls Number: TR24135943Living Area Range Units: Square FeetAttribution Contact: 626-975-2521Common Interest: Community ApartmentUniversal Property Id: US-06037-N-5726010028-R-N |
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SuburbanSource Internet Entire Listing Display |
Last check for updates: about 2 hours ago
Listing Provided by: Kevin Lee DRE #01720786, (626) 975-2521
Coldwell Banker Envision
Originating MLS: California Regional MLS
Source: CRMLS, MLS#TR24135943

Also Listed on CRMLS.
Market trends in Pasadena
Last updated April 2026
Avg. sale price
$1.28M $2.5KMoM
Sale-to-List Price
100.7% 0.6%MoM
Price per sq ft
$794 $20MoM
Available listings
345 27MoM
Price History for 481 Lincoln Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 07/02/2024 | $2,659,000 | Listed For Sale | CRMLS #TR24135943 |
| 08/27/2021 | $1,500,000 | Sold | CLAW #21766776 |
| 08/17/2021 | $1,750,000 | Contingent | CRMLS #21766776 |
| 07/31/2021 | $1,750,000 | Listed For Sale | CRMLS #21766776 |
Similar Homes You May Like
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Comparable Sales for 481 Lincoln Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.55 | Multi-Family Home | $1,410,000 | 06/10/25 | 8 | 6 | 3,439 | |
0.70 | Multi-Family Home | $1,512,000 | 12/31/25 | 9 | 6 | 4,275 | |
0.49 | Multi-Family Home | $2,850,000 | 05/08/26 | 16 | 12 | 9,272 | |
0.58 | Multi-Family Home | $1,085,000 | 04/28/26 | 7 | 4 | 3,658 | |
0.35 | Multi-Family Home | $4,200,000 | 01/23/26 | 12 | 15 | 8,568 | |
0.63 | Multi-Family Home | $1,200,000 | 07/08/25 | 9 | 6 | 1,525 | |
0.60 | Multi-Family Home | $850,000 | 09/12/25 | 6 | 6 | 2,894 | |
1.07 | Multi-Family Home | $1,526,500 | 04/02/26 | 10 | 5 | 4,418 | |
1.01 | Multi-Family Home | $1,800,000 | 11/06/25 | 12 | 12 | 5,640 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 481 Lincoln Ave.
What Locals Say about West Central
At least 137 Trulia users voted on each feature.
88 % Say it's dog friendly
87 % Say there are sidewalks
78 % Say it's walkable to restaurants
74 % Say it's walkable to grocery stores
74 % Say car is needed
70 % Say streets are well-lit
66 % Say people would walk alone at night
58 % Say there's holiday spirit
57 % Say they plan to stay for at least 5 years
56 % Say parking is easy
54 % Say yards are well-kept
50 % Say it's quiet
38 % Say neighbors are friendly
38 % Say kids play outside
36 % Say there's wildlife
26 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Kevin Lee, Coldwell Banker Envision
Agent Phone: (626) 975-2521

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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. Properties may or may not be listed by the office/agent presenting the information
481 Lincoln Ave, Pasadena, CA 91103 is a 10 bedroom, 9 bathroom, 5,061 sqft multi-family built in 1903. 481 Lincoln Ave is located in West Central, Pasadena. This property is currently available for sale and was listed by CRMLS on May 16, 2025. The MLS # for this home is MLS# TR24135943.

