2479 Lincoln Avenue

Altadena, CA 91001

$995,000
Price
5
Beds
3
Baths
2,225 Sq. Ft.
$447 / Sq. Ft.
2,225
Sq. Ft.
$447
per Sq. Ft.

Description

Property has three rental units but is a legal duplex. Unit 2479.5 (has tenant) is grandfathered in and can be permitted as an ADU Type F. The property is in an unincorporated district of Los Angeles County and is not part of the City of Los Angeles (permitting through LADBS is not needed or applicable). Unit 2481 (3 BR, 1.5 Bath; 1,511 sq. ft.) will be delivered vacant. Unit 2479 also has a tenant. See property layout slide in photos for reference.Property has three rental units but is a legal duplex. Unit 2479.5 (has tenant) is grandfathered in and can be permitted as an ADU Type F. The property is in an unincorporated district of Los Angeles County and is not part of the City of Los Angeles (permitting through LADBS is not needed or applicable). Unit 2481 (3 BR, 1.5 Bath; 1,511 sq. ft.) will be delivered vacant. Unit 2479 also has a tenant. See property layout slide in photos for reference.

Listing Agents

  1. James Risolo

    James Risolo

    Listing Agent

    Compass

    DRE #02139126

  2. Barry Gray

    Barry Gray

    Alternative Listing Agent

    Compass

    DRE #01358622

    barry.gray@compass.com

    P: 323.822.3200

Property Details for 2479 Lincoln Avenue

Zoning
LCR175
Parcel Number
5828026002
Total Units
3.0
Living Area
2225
Source Living Area
Appraiser
Area
Altadena (604)
Vacancy Rate
0
Lot Size Area
9230

Location

Listing Courtesy of Compass, James Risolo, DRE #02139126; Compass, Barry Gray, DRE #01358622
Add your commute
LISTING UPDATED: 04/08/2024 05:00 PM

Property Details for 2479 Lincoln Avenue

StatusActive Under Contract
MLS #24-345357
Days on Market90
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.21 AC / 9,230 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, James Risolo, DRE #02139126; Compass, Barry Gray, DRE #01358622
Add your commute

Building Information for 2479 Lincoln Avenue

Stories2Residences-Year Built1950Building Size-Lot Size0.21 AC / 9,230 SF

Payment Calculator

$5,573 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,430

Property Taxes

$143

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2479 Lincoln Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartment
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Cash To Existing Loan, Cash To New Loan, Conventional
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $50,400
  • Net Operating Income: $41,406.98
  • Gross Income: $50,400
  • Cap Rate: 4.16%
  • Gross Rent Multiplier: $19.74
  • Actual Annual Gross Rent: $50,400.00
  • Financial Info as Of: 01/01/2024
  • Lease Per Month Year: Month
  • Owner Pays: Water
  • Total Annual Expense: 8993.02
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2101
  • Lot Size Square Feet: 9230
Parking Details
Parking Details
  • Parking Garage: Driveway, Covered Parking
  • Total Parking: 8
  • Covered Parking: 2
  • Open Other Spaces Total: 6
  • Parking Features: Driveway, Covered
Interior Features
Interior Features
  • Levels: Multi/Split, One
  • Fireplace Features: Family Room
  • Fireplace Rooms: Family Room
  • Cooling Type: Wall Unit(s)
  • Heating: Central
  • Heating Type: Central
  • Equipment: Garbage Disposal, Range/Oven
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 01-09-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,125.00
  • Unit Actual Rent: $1,125.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,175.00
  • Unit Actual Rent: $1,175.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $56,055.00
  • Assessed Improvement Percent: 84.43
  • Assessed Land Value: $10,338.00
  • Assessed Land Percent: 15.57
  • Assessed Total Value: $66,393.00

Property History for 2479 Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2479 Lincoln Avenue

Taxable ValueLand$10,338Additions$56,055Total$66,393
Tax Record2023$1,717 ($143 / month)
Home Facts
Total Finished SqFt2,259 SqFtAbove Grade Finished SqFt2,259 SqFtLot Size9,148 SqFtStyleDuplexYear Built1950ZoningLCR175CountyLOS ANGELESAPN5828-026-002

Schools near 2479 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
Franklin Elementary School
PublicK to 5

Charles W. Eliot Middle 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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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 Compass, James Risolo, DRE #02139126; Compass, Barry Gray, DRE #01358622

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.