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Pasadena, CA 91103 1910 & 1918 Lincoln Avenue

$3,999,000

1910 & 1918 Lincoln Avenue Pasadena, Ca - Image 11910 & 1918 Lincoln Avenue Pasadena, Ca - Image 21910 & 1918 Lincoln Avenue Pasadena, Ca - Image 3
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1910 & 1918 Lincoln Avenue Pasadena, Ca - Image 41910 & 1918 Lincoln Avenue Pasadena, Ca - Image 51910 & 1918 Lincoln Avenue Pasadena, Ca - Image 61910 & 1918 Lincoln Avenue Pasadena, Ca - Image 71910 & 1918 Lincoln Avenue Pasadena, Ca - Image 8
Presented By: Emily Hon with Homes Realty; 626-399-2199
  • MLS# AR24068611
  • 04/10/2024
  • Request Tour
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  • BedBeds • 16
  • BathFull/Half Baths • 2 / 1
  • FootageSQFT • 8,430

Home Details

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.
Presented By: Emily Hon with Homes Realty; 626-399-2199

Interior Features for 1910 & 1918 Lincoln Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 1910 & 1918 Lincoln Avenue

Additional Parcels Description5825014002
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.56
Carport Y/NNo
CityPasadena
Community FeaturesSidewalks
CountyLos Angeles
Days on Market
DirectionsNorth of Fwy 210. Corner of Wyoming St & Lincoln Ave
Electric Expense1173.0
Entry Locationfront
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense13350.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet14306.0
MLS Area645 - Pasadena (NW)
MaintenanceExpense8440.0
MobileHomeRemainsYNNo
Net Operating Income222370.0
New ConstructionNo
Number of Units Leased16
Open Parking Spaces14.0
Operating Expense93182.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameLincoln
Tax Lot3
Taxes$50,000
Total Actual Rent315552.0
Total Units16
Trash Expense1.0
View Y/NNo
Water Sewer Expense11757.0
Waterfront Y/NNo
Year Built1949
Year Built SourceAssessor
ZoningPSR1

Exterior for 1910 & 1918 Lincoln Avenue

Building Area Total8430.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3284
Lot Size Area14306.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters18
Number of Separate Gas Meters16
Number of Separate Water Meters2
Open Parking Y/NNo
SpaNo
Total Parking14.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,999,000
MLS#AR24068611
List Date 04/10/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors