481 Lincoln Ave, Pasadena, CA 91103
FOR SALE
0.28 ACRES
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)

$2,659,000

Est. Mortgage $15,968/mo*

$2,659,000

Est. Mortgage $15,968/mo*
10 Beds
9 Baths
5,061 sqft
(on 0.28 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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.

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
$525
Listed
180+ days ago

Home Details for 481 Lincoln Ave

Interior Features

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

Exterior Features

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

Days on Market

Cumulative Days on Market: 540Days on Market: 180+

Property Information

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

Price & Status

Price
List Price: $2,659,000Price Per Sqft: $525

Active Status

MLS Status: Active

Location

Direction & Address
City: Pasadena

Agent Information

Listing Agent
Listing ID: TR24135943

Building

Building Area
Building Area: 5061 Square Feet

Community

Community Features: SuburbanNot Senior Community

HOA

Association for this Listing: California Regional MLSHOA Fee: No HOA Fee

Lot Information

Lot Area: 0.28 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan, Conventional, 1031 Exchange

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: TR24135943Living Area Range Units: Square FeetAttribution Contact: 626-975-2521Common Interest: Community ApartmentUniversal Property Id: US-06037-N-5726010028-R-N

Additional Information

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
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.28M
$2.5K
MoM
Sale-to-List Price
100.7%
0.6%
MoM
Price per sq ft
$794
$20
MoM
Available listings
345
27
MoM

Price History for 481 Lincoln Ave

DatePriceEventSource
07/02/2024$2,659,000Listed For SaleCRMLS #TR24135943
08/27/2021$1,500,000Sold
CLAW #21766776
08/17/2021$1,750,000ContingentCRMLS #21766776
07/31/2021$1,750,000Listed For SaleCRMLS #21766776

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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

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Assigned Schools

These are the assigned schools for 481 Lincoln Ave.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

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.
  • Fabian Herrera
    "There are many great schools. A lot of beautiful parks and hiking trails. Many activities in and around the area make for great weekends with the family."
  • Trulia User
    "It’s ageless charm is quite old. There are plenty of buildings that are about 100 years old. It’s a quiet neighborhood."
  • Trulia User
    "Many dogs and friendly people. Fuller college has a nice Park like setting with many trees and rolling lawns that most of the dogs enjoy "
  • A
    "City needs to make this area safe.Make public school much better.A lot of homeless lately.Noise level is high."
  • Lei Y.
    "Close to Caltech and old town PASADENA. Walking distance to almost everywhere. Safe and quiet. 100 steps to rose parade. "
  • Tom K
    "Excellent access to downtown Los Angeles. Numerous options. Still, traffic can be awful. That’s part of living here."
  • Terry P.
    "My neighbors are disrespectful and according to PPD, it’s the middle of the hood. I had my car broken into 5 days before Christmas, right in front of my home within an hour!"
  • Jacquie C. G.
    "There are coyotes sometimes running in the neighborhood, despite being far from mountains. And there are a LOT of skunks roaming around. My dog gets sprayed a couple times a year. "
  • Nathaniel T.
    "the commute is convenient to local malls and shops movies and bars............................................."
  • Jacquie C. G.
    "Good blend of people from many different ethnic and economic backgrounds. Mostly a friendly neighborhood. "
  • Elivin R.
    "The neighborhood is ok. Very accessible to restaurants and shops. People are nice but a bit dangerous"
  • Patricia A.
    "Walking distance from the Rose Parade, metro rail, Carnegie Observatory. There are lots of nearby shops and restaurants you can walk to."
  • Marih_j8
    "Live in the area, lots of homeless in the area mostly apartments so can be difficult to find parking."
  • Traveljoy73
    "The rose parade is only a couple blocks away , The metro is only one block away and it’s convenient to take the bus to TownPasadena"
  • Melissa H.
    "farmer's market on Saturday. Rose Bowl parade. there are numerous events at the Rose Bowl such as swap meets, concerts, marathons, biking, fireworks "
  • Heath L.
    "There's a park within walking distance, other people have dogs here, and our place only allows small dogs and cats. Big dogs, you'll have to work it out with the management."
  • Padilla64
    "one more thing I can say about where I live it is something that a lot of people can agree with me and I cannot find other people who has different opinion of what I am about to say is that, nice!"
  • Felicianacristobal
    "I live here in the community for 10-years over. Lots of people walk their dog. Lots of people looking for parking space. Close to Mexican restaurant. And yoga place."
  • Joe D.
    "Always calm and tons of restaurant near. small shops and near the train station. safe neighbourhood with tons of night life. "

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
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.