Listed by Kevin Lee, Coldwell Banker Envision, (562) 945-2221
$2,599,000
10 Beds
9 Baths
5,061 sqft (on 0.28 acres)
481 Lincoln Ave, Pasadena, CA 91103
Est. Mortgage $15,951/mo*
Get Pre-QualifiedHome Highlights
Property Type
Multi-Family
Year Built
1903
Lot Size
0.28 acres
Price/Sqft
$514
HOA
None
Local Information
- Map ViewExplore the area around 481 Lincoln Ave.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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 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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Days on Market: 77 |
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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: $2,599,000Price Per Sqft: $514 |
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MLS Status: Active |
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Direction & Address City: Pasadena |
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Listing Agent Listing ID: TR26131676 |
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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: TR26131676Living 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 |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about West Central
At least 138 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
67 % 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.
Market trends in Pasadena
Last updated July 2026
Avg. sale price
$1.19M
$30KMoM
Sale-to-List Price
102.0%
0.1%MoM
Price per sq ft
$805
$10MoM
Available listings
388
9MoM
Home Value
Trulia Estimate
$2.45MSince last month
Decreased$28K (-1.1%)Since last year
Increased$44K (+1.8%)Since last sale
Increased$948K (+63.2%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +36% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $2.45M |
| July 2026 | $2.48M |
| June 2026 | $2.58M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
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 | |
0.60 | 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 | |
1.28 | Multi-Family Home | $1,560,000 | 12/01/25 | 12 | 8 | 5,570 | |
1.09 | Multi-Family Home | $1,335,000 | 03/26/26 | 10 | 6 | 3,586 | |
1.06 | Multi-Family Home | $1,325,000 | 06/02/26 | 7 | 6 | 4,248 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.07 | $1,346,400 | 3 | 2 | 1,404 | Off Market | |
0.05 | $1,499,000 | 4 | 3 | 1,979 | For Sale | |
0.08 | $898,000 | 3 | 2 | 1,419 | For Sale | |
0.08 | $1,631,400 | 4 | 3.5 | 2,167 | Off Market | |
0.08 | $1,400,000 | 5 | 4 | 1,942 | For Sale | |
0.11 | $980,000 | 3 | 2.5 | 1,939 | Recently Sold | |
0.11 | $848,000 | 3 | 2.5 | 1,939 | For Sale | |
0.12 | $650,000 | 3 | 3 | 1,432 | Recently Sold | |
0.12 | $984,200 | 3 | 3 | 1,600 | Off Market | |
0.13 | $888,000 | 3 | 2.5 | 1,821 | Recently Sold | |
0.17 | $955,000 | 2 | 1 | 1,044 | For Sale |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jun 16, 2026 Source: CRMLS #TR26131676 | PriceChange | $2,599,000 Price decreased by 2% |
Jul 3, 2024 Source: Berkshire Hathaway California Properties #TR24135943 | Listed For Sale | $2,659,000 |
Aug 27, 2021 Source: CLAW #21766776 | Sold | $1,500,000 |
Aug 17, 2021 Source: CRMLS #21766776 | Contingent | $1,750,000 |
Jul 31, 2021 Source: CRMLS #21766776 | Listed For Sale | $1,750,000 |
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 2026-08-31 22:19:11 PDT 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 2026-08-31 22:19:11 PDT 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
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Frequently asked questions about 481 Lincoln Ave
- What is the estimated monthly payment for 481 Lincoln Ave?Based on a $2,599,000 list price with 20% down at today's rates, the estimated monthly payment for 481 Lincoln Ave in Pasadena, CA is approximately $16,215 (about $13,584 principal & interest, $2,556 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 481 Lincoln Ave compare to homes in Pasadena?481 Lincoln Ave in Pasadena, CA is listed at $2,599,000, about 118% above the $1.19M median sale price in Pasadena.
- What do residents say about the West Central neighborhood?Residents describe the West Central neighborhood in Pasadena, CA as dog-friendly, pedestrian-friendly, and walkable to restaurants. See homes for sale in West Central, Pasadena.
- What are the closest schools to 481 Lincoln Ave?The closest schools to 481 Lincoln Ave in Pasadena, CA are John Muir High School (rated 4/10), Madison Elementary School (rated 2/10), Octavia E. Butler Magnet School (Middle, rated 4/10).
- Does 481 Lincoln Ave have laundry facilities?Yes, 481 Lincoln Ave in Pasadena, CA has laundry facilities.
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 Jun 16, 2026. The MLS # for this home is MLS# TR26131676.