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$ 3,650,000
Est. payment | /mo
16 Baths
8,430 SqFt
$ 3,650,000
Est. payment | /mo
16 Baths
8,430 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,430 sqft
Price per Sqft $432
MLS Listing ID 25501715
HOA Y/N No
Year Built 1949
Lot Size 0.328 Acres
Property Description
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 14% 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.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Uncovered
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5825014003
Special Listing Condition Standard
Listed by Matthew Ziegler • Marcus & Millichap
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Justin Bonney
Broker, Realtor® | Lic# 01338897
15233 Ventura Boulevard Suite 500 Sherman Oaks, CA 91403