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1910 Lincoln Ave Pasadena, CA 91103

$3,999,000

16 Beds
16.5 Baths
8,430 Sq.Ft.

For Sale

$3,999,000 Get Pre-Qualified

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Map preview of 1910 Lincoln Ave, Pasadena, CA 91103

Property Overview: 1910 Lincoln Ave Pasadena, CA has 16 bedrooms, 16.5 bathrooms, 8,430 living square feet and 14,306 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Emily Hon | BRE #01023415 | Homes Realty

Last checked: 4 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 17

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Home details

Lot Sq. Ft: 14,306
HOA Dues: $0/mo
Year built: 1949
Garage: --
Property Type:: Apartment

Status: Active
MLS#: AR24068611
City: Pasadena
County: Los Angeles
Time on Site: 23 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 16
Total # of Buildings: 2
# of Leased Units: 16
# of Electric Meters: 18
# of Gas Meters: 16
# of Water Meters: 2

Unit Breakdown 1

# of Units: 12
# of Beds: 1
# of Baths: 1
Garage Spaces: 12
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,641
Total Rent: $19,696
Pro Forma/Market Rent: $22,200

Unit Breakdown 2

# of Units: 2
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $3,900
Pro Forma/Market Rent: $4,400

Unit Breakdown 3

# of Units: 2
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,350
Total Rent: $2,700
Pro Forma/Market Rent: $2,900

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.56%
Gross Rent Multiplier: 12.67
Gross Scheduled Income: $315,552
Net Operating Income: $222,370
Gross Operating Income: --
Laundry Income: $720
Laundry Own/Lease: Own

Annual Expense Breakdown

Total Operating Expense: $93,182
Electric: $1,173
Gas/Fuel: $0
Licenses: $834
New Taxes: $50,000
Trash: $1
Gardener: $1,603
Insurance: $13,350
Maintenance: $8,440
Professional Management: $0
Water/Sewer: $11,757
Other Expenses: $6,026

Open Houses for 1910 Lincoln Ave

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Property Details for 1910 Lincoln Ave

Interior Features

Laundry Information

Has Laundry
Individual Room

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 14

Lot Information

Lot Features: Lot 10000-19999 Sqft
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 16
Parcel Number: 5825014003
Year Built Source: Assessor
Entry Level: 1
Property is Attached
Has Additional Parcels

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: North of Fwy 210. Corner of Wyoming St & Lincoln Ave

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Pasadena Agent

Sale History for 1910 Lincoln Ave

Last sold for $3,200,000 on May 18th, 2016

April, 2024
Apr 10, 2024

Date

Active

CRMLS: AR24068611

$3,999,000

Price
July, 2020
Jul 1, 2020

Date

Expired

CRMLS: AR20043451

$4,180,000

Price
Feb 28, 2020

Date

Active

CRMLS: AR20043451

$4,180,000

Price
Listing provided courtesy of CRMLS

**Beautiful Garden Style 16 Units Apartment in NW Pasadena. Two 8-units Buildings. Most units are updated and remodeled. **Full Address is 1910 & 1918 Lincoln Ave., Pasadena, CA 91103. 2 Parcels (5825-014-003 & 5825-014-002). 100% Leased. **Unit Mix of (Twelve) 1Bed+1Bath, (Two) 2Bed+1.5Bath, & (Two) Single. 16 Parking spaces and shared laundry on site. **Excellent upside in rents. Very easy to manage. On Site Manager not required due to separate APN. ** Drive By Only. Tenants are unaware of the sale. Offer subject to inspection.

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January, 2020
Jan 1, 2020

Date

Expired

CRMLS: AR19198831

$3,980,000

Price
Aug 20, 2019

Date

Active

CRMLS: AR19198831

$3,980,000

Price
Listing provided courtesy of CRMLS

**Beautiful Garden Style 16 Units Apartment in NW Pasadena. Two 8-units Buildings. Most units are updated and remodeled. **Full Address is 1910 & 1918 Lincoln Ave., Pasadena, CA 91103. 2 Parcels (5825-014-003 & 5825-014-002). 100% Leased. **Unit Mix of (Twelve) 1Bed+1Bath, (Two) 2Bed+1.5Bath, & (Two) Single. 16 Parking spaces and shared laundry room on site. **Very easy to manage. On Site Manager is not required due to separate APNs. Good upside in rents. NO RENT CONTROL. **Built in 1949. Total Building Size 8,430 SF. Lot Size 14,306 SF. Drive By Only. Tenants are unaware of the sale. Make offer subject to inspection. Please contact listing agent for additional information.

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September, 2018
Sep 10, 2018

Date

Canceled

CRMLS: 18341542

$4,100,000

Price
May 7, 2018

Date

Active

CRMLS: 18341542

$4,100,000

Price
Listing provided courtesy of CRMLS

Marcus & Millichap is proud to present this 16-unit, non-rent control garden-style apartment complex located in Pasadena, California. The building consists of Two- Studios, Twelve- 1 Bedroom / 1 Bathroom units and Two- 2 Bedroom / 1.25 Bathroom units. The 16 units sit on two adjacent APNs with 8 units per APN, thus eliminating the need for an on-site manager. The subject property is situated on a 14,306 square foot lot with a total rentable square feet of 8,430 and features 16 parking spaces as well as on-site laundry.Pasadena is known as the City of Roses and is home of the Rose Bowl Stadium where it hosts the annual Rose Parade and college championship games.

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May, 2018
May 3, 2018

Date

Canceled

CRMLS: AR17253102

$4,390,000

Price
Jan 29, 2018

Date

Active

CRMLS: AR17253102

$4,390,000

Price
Listing provided courtesy of CRMLS

**Beautiful Garden Style 16 Units Apartment in NW Pasadena. Two 8-units Buildings. Most units are updated and remodeled. **Full Address is 1910 & 1918 Lincoln Ave., Pasadena, CA 91103. 2 Parcels (5825-014-003 & 5825-014-002). 100% Leased. **Unit Mix of (Twelve) 1Bed+1Bath, (Two) 2Bed+1.5Bath, & (Two) Single. 16 Parking spaces and shared laundry room on site. **Very easy to manage. On Site Manager is not required due to separate APNs. Good upside in rents. NO RENT CONTROL. **Built in 1949. Total Building Size 8,430 SF. Lot Size 14,306 SF.

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May, 2016
May 18, 2016

Date

Sold (Public Records)

Public Records

$3,200,000

Price
March, 2016
Mar 9, 2016

Date

Price Change

CRMLS: 16104448

$3,200,000

Price
Listing provided courtesy of CRMLS

Beautiful 16 Units Apartment in Pasadena. Two Eight Unit Buildings. 85% of units completely renovated. Good Upside in rents. No Rent Control.No On Site Manager required due to separate APN's. Full Address is 1910 & 1918 Lincoln Ave Pasadena, C.A. 91103

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March, 2015
Mar 19, 2015

Date

Sold (Public Records)

Public Records

$2,020,000

Price

Tax History for 1910 Lincoln Ave

Assessed Value (2020): $1,731,890

Year	Land Value	Improved Value	Assessed Value
2020	$1,082,432	$649,458	$1,731,890

Home Value Compared to the Market

This property vs the competition

1910 Lincoln Ave is listed 233.81% higher than the median list price for the city of Pasadena which has a median list price of $1,198,000. The median price per/sqft for Pasadena is $798 and this home is listed at $474.38 per/sqft which puts the price per square foot 40.55% lower than the median price per square foot for the city of Pasadena.

About 1910 Lincoln Ave

Detailed summary of property

1910 Lincoln Ave is a apartment located in Pasadena, CA 91103 and is currently for sale. This apartment offers 16 bedrooms, 16.5 bathrooms, roughly 8,430 living square feet, and sits on an approximately 14,306 square foot lot. 1910 Lincoln Ave was first listed on ArdentRealEstateGroup.com on April 10, 2024. The homeowner is currently asking $3,999,000. The median priced home in Pasadena is $1,198,000 with a median price per square foot of $798. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 233.81% higher than the median priced home. Local competing homes currently for sale include 2512 Berkeley Ave, 2221 Michigan Ave and 4310 Franklin Ave. While the average home in Pasadena, CA is selling in 57 days, 1910 Lincoln Ave has a days on market of 17 days. There are currently 261 homes for sale in the Pasadena real estate market and 154 of them are single family homes while 82 of them are condos and 25 are townhomes. For more information on this home for sale at 1910 Lincoln Ave Pasadena, CA 91103 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1910 Lincoln Ave

Public county record property details

Beds: 10
Baths: 10
Year built: 1949
Sq. Ft.: 4,260
Lot Size: 7,135
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 5825-014-003

The source for these homes facts are from public records.

91103 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,129,000

Median List Price/Sq.Ft.

$744

Median Sold Price

$1,129,000

Median Sold Price/Sq.Ft.

$776

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (26.67%), FHA (0%), VA (0%), Cash (33.33%), Other (26.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.