1910 Lincoln ave, Pasadena, CA 91103
Active
$3,650,000
16 Units
Beds
16 Baths
8,430 Area(sq.ft.)
Lot: 14,307 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | studio | 1 | No | $ 1,438 | $ 2,875 | $ 3,100 |
| Unit 2 | 12 | 1 | 1 | No | $ 1,717 | $ 20,602 | $ 24,000 |
| Unit 3 | 2 | 2 | 1 | No | $ 2,025 | $ 4,050 | $ 4,500 |
| 16 | 16 | 16 | $ 27,530 | $ 261,074 | $ 303,200 |
| MLS #: | 25501715 |
| Days On Market: | 288 |
| Listing Date: | February 21, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 433 |
| Price per unit: | $ 228,125 |
| Year Built: | 1949 |
Property Details
We are pleased to present 1910-1918 Lincoln Ave - two separate, eight unit (16 units total) value-add apartment buildings located in Pasadena. This property offers an investor the opportunity to renovate common areas / unit interiors to increase current rents which are approximately 15% under market. The property features an excellent unit mix of (12) one-bedroom/one-bathroom units, (2) two-bedroom/one-bathroom units and (2) studios. The two buildings total to 8,400 square feet and sit on a 14,375 square foot lot zoned RM-16.Located just a couple of miles north of Old Town Pasadena in the Lincoln-Villa neighborhood, 1910-1918 Lincoln Ave boasts a walk score of 80 (very walkable) and is close in proximity to a variety of local gyms, markets, schools and eateries. This Pasadena neighborhood sits just east of the Rose Bowl and is a short drive away to La Caada Flintridge and Altadena. Conveniently positioned near the 210, 134 and 110 freeways, residents have an easy commute to Downtown LA, Eagle Rock, Highland Park and the rest of the San Gabriel Valley. The property is also nearby several of Pasadena's A Line Stations providing convenient westbound access to DTLA, Hollywood, Koreatown and LAX.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 320,414 |
| Total Annual Expense: | $ 108,059 |
| Net Operating Income: | $ 213,618 |
| Gross Annual Income: | $ 330,324 |
| Cap Rate: | 5.85% |
| Gross Rent Multiplier: | 11.05 |
Structure
| Type of Units: | Apartments |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Parking Garage: | Uncovered |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | None |
| Heating: | Wall |
Exterior
Detailed Map
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