Kevin Lee
This listing was posted on RealtyWW.
$2,659,000
Lincoln Ave, Pasadena, Home For Sale
Price:
$2,659,000
BR/BA:
10+ BR, 9 BA
Location:
481 Lincoln Ave, Pasadena, CA
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). With CAP Rate Close to 5% in a Class-A Location, and 100% OCCUPIED. 2 story building was built in 1903 and single story building was built in 1952. BOTH BUILDINGS EXTERIOR FAADE WERE FULLY RENOVATED AND UPGRADED IN 2022. 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.For more details: https://realtyww.info/homes_pasadena-d525402/for-sale_i73720029
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More About this Listing: Lincoln Ave, Pasadena, Home For Sale
Lincoln Ave, Pasadena, Home For Sale is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 481 Lincoln Ave in Pasadena CA. Find other listings like Lincoln Ave, Pasadena, Home For Sale and listings near 481 Lincoln Ave by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Pasadena CA.
Lincoln Ave, Pasadena, Home For Sale is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 481 Lincoln Ave in Pasadena CA. Find other listings like Lincoln Ave, Pasadena, Home For Sale and listings near 481 Lincoln Ave by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Pasadena CA.