481 Lincoln Avenue
Pasadena, CA 91103
Listing broker / agent: Coldwell Banker Envision · Kevin Lee · 626-975-2521 · CRMLS
MLS # TR26131676 · Last checked Oct 8, 2026 06:32 UTC
About this property
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.
Property details
- MLS number
- TR26131676
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.2757 acres
- Year built
- 1903
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 108
Building
- Year built
- 1903
- Year built source
- Assessor
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
Rooms & interior
- Laundry
- Inside
Exterior & parking
- Total parking spaces
- 0
- Garage spaces
- 0
- Pool
- None
- Lot features
- Corner Lot
- Lot size source
- Assessor
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Suburban
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Madison Elementary (school website, opens in a new tab) Pasadena Unified · Pasadena | Not reported | 0.9 mi |
| Alma Fuerte Public (school website, opens in a new tab) Los Angeles County Office of Education · Pasadena | K–8 | 1.3 mi |
| Aveson School of Leaders (school website, opens in a new tab) Pasadena Unified · Pasadena | K–5 | 1.3 mi |
| Washington Elementary STEM Magnet (school website, opens in a new tab) Pasadena Unified · Pasadena | Not reported | 1.3 mi |
| Octavia E. Butler Magnet (school website, opens in a new tab) Pasadena Unified · Pasadena | 6–8 | 1.3 mi |
| McKinley (school website, opens in a new tab) Pasadena Unified · Pasadena | K–8 | 1.4 mi |
| San Rafael Elementary (school website, opens in a new tab) Pasadena Unified · Pasadena | Not reported | 1.6 mi |
| John Muir High (school website, opens in a new tab) Pasadena Unified · Pasadena | 9–12 | 1.8 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $2,599,000
- MLS-reported original asking price
- $2,599,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 07:18 | $2,599,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Pasadena
Active residential homes for sale in Pasadena, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
12 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-08 06:55 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗