1910-1918 Lincoln Avenue

Pasadena, CA 91103

$3,999,000
Price
3
Beds
18
Baths
8,430 Sq. Ft.
$474 / Sq. Ft.
8,430
Sq. Ft.
$474
per Sq. Ft.

Description

5.5% CAP Rate Beautiful Garden Style 16 Units Apartment in NW Pasadena. Two 8-units Buildings. Most units are updated. 100% Leased. Full Address is 1910 & 1918 Lincoln Ave., Pasadena, CA 91103. 2 Parcels (5825-014-003 & 5825-014-002). Unit Mix of (12) 1Bed+1Bath, (2) 2Bed+1.5Bath, & (2) Studio. 14 Parking spaces and shared laundry on site. Excellent upside in rents. Hardly any vacancy. Very easy to manage. Drive By Only.5.5% CAP Rate Beautiful Garden Style 16 Units Apartment in NW Pasadena. Two 8-units Buildings. Most units are updated. 100% Leased. Full Address is 1910 & 1918 Lincoln Ave., Pasadena, CA 91103. 2 Parcels (5825-014-003 & 5825-014-002). Unit Mix of (12) 1Bed+1Bath, (2) 2Bed+1.5Bath, & (2) Studio. 14 Parking spaces and shared laundry on site. Excellent upside in rents. Hardly any vacancy. Very easy to manage. Drive By Only.
  1. Listed by Emily Hon • DRE #01023415 • Brokerage DRE #01023415 • Homes Realty • 626-399-2199

Property Details for 1910-1918 Lincoln Avenue

Parking Spaces Total
14
Private Pool
No
Total Units
16.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8430
Assessor Parcel Number
5825-014-003
Property Attached YN
true

Location

Listing Courtesy of Homes Realty, Emily Hon, DRE #01023415
Add your commute
LISTING UPDATED: 04/10/2024 02:14 AM

Property Details for 1910-1918 Lincoln Avenue

StatusActive
MLS #AR24068611
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1949
CountyLos Angeles County

Location

Listing Courtesy of Homes Realty, Emily Hon, DRE #01023415
Add your commute

Building Information for 1910-1918 Lincoln Avenue

Building/Complex1910-1918 Lincoln AveFloor-Stories2Residences-Pet Policy-Year Built1949Building Size-

Payment Calculator

$21,824 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,824

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1910-1918 Lincoln Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $315,552
  • Net Operating Income: $222,370
  • Laundry Income: $720
  • Gross Multiplier: 12.67
  • Cap Rate: 5.56
Expense Details
  • Operating Expense: $93,182
  • New Taxes Expense: $50,000
  • Gardener Expense: $1,603
  • Fuel Expense: $0
  • Licenses Expense: $834
  • Electric Expense: $1,173
  • Insurance Expense: $13,350
  • Maintenance Expense: $8,440
  • Professional Management Expense: $0
  • Other Expense: $6,026
  • Trash Expense: $1
  • Water Sewer Expense: $11,757
  • Total Expenses: $93,183
Tax / Assessment Info
  • Tax Tract Number: 2503
  • Tax Census Tract: 4609.00
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Laundry Equipment Own Lease: Own
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 5825014002
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 14
  • Open Other Spaces Total: 14
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 12
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,641
  • Unit Type Total Rent: $19,696
  • Unit Type Pro Forma: 22200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $3,900
  • Unit Type Pro Forma: 4400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 16
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 2

Property History for 1910-1918 Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1910-1918 Lincoln Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 7 to 12
Rating
School
Distance
Jackson Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Learning Works School
Charter7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1910-1918 Lincoln Avenue is a multi-family home for sale in Pasadena, CA 91103. This property was listed for sale on April 8, 2024 by Homes Realty, it's currently listed at $3,999,000. This listing's school district is Pasadena Unified School District. Nearby schools include Jackson Elementary School, Octavia E. Butler Magnet School and John Muir High School. 1910-1918 Lincoln Avenue is a 3-bed, 18-bath, 8,430 sqft multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Homes Realty, Emily Hon, DRE #01023415

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.