553 Lincoln Ave Pasadena, CA 91103

$310,000 Sold Price as of 04/13/2005

4 Beds
4 Baths
1,942 Sq.Ft.

Off Market

$310,000 Sold Price as of 04/13/2005 Refinance Your Mortgage

Map preview of 553 Lincoln Ave, Pasadena, CA 91103

Property Overview: 553 Lincoln Ave Pasadena, CA has 4 bedrooms, 4 bathrooms, 1,942 living square feet and 9,572 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

553 Lincoln Ave is currently an off market home in the city of Pasadena. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Pasadena has a median list price of $1,250,000. The median price per/sqft for Pasadena is $756. With those numbers in mind, if you are looking to purchase a median priced home in Pasadena, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Pasadena the commission could be as much as $60,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 553 Lincoln Ave

Last sold for $310,000 on April 13th, 2005

May, 2021
May 26, 2021

Date

Expired

CRMLS: 21698020

$1,550,000

Price
Feb 26, 2021

Date

Active

CRMLS: 21698020

$1,550,000

Price
Listing provided courtesy of CRMLS

Presented for sale is 553 Lincoln Ave., a 4-Unit multi-family apartment building located just north of Colorado Blvd. in a desirable and dense residential neighborhood of Pasadena. The property consists of two single story buildings with on-site laundry facility, and parking / storage in the rear. The building totals 1,942 rentable square feet situated on an approximately 9,572 square foot rectangular lot. Originally built in 1924,the well maintained cottage style quadraplex has (3) 1BR/1BA units and(1) 2BR/1BA unit, with 100% occupancy. Three out of the four rental units have rental rates below market rate, with updated market rents*, the property has the potential to achieve a 4.11% CAP rate in a highly desirable location. This apartment buildings conveniently located adjacent to Pacific Oaks College of Pasadena, OldTown Pasadena, the Rose Bowl, and Brookside Park. * = Buyer should complete their own due diligence/research on compliance for rental increases.

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April, 2005
Apr 13, 2005

Date

Sold (Public Records)

Public Records

$310,000

Price
April, 2000
Apr 14, 2000

Date

Sold (Public Records)

Public Records

$310,000

Price

Tax History for 553 Lincoln Ave

Assessed Value (2020): $509,809

Year	Land Value	Improved Value	Assessed Value
2020	$356,869	$152,940	$509,809

About 553 Lincoln Ave

Detailed summary of property

553 Lincoln Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Pasadena, CA 91103 and last sold on April 13, 2005 for $310,000. This property has 4 bedrooms, 4 bathrooms, roughly 1,942 living square feet, and sits on an approximately 9,572 square foot lot. Homes in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 74.17% lower than the current median priced home. 553 Lincoln Ave was last sold on April 13, 2005 for $310,000. Local nearby listings include 76 S Grand Ave, 895 N Los Robles Ave and 125 E Claremont St. The average home in Pasadena, CA is selling in 59 days. There are currently 326 homes for sale in the Pasadena real estate market and 172 of them are single family homes while 118 of them are condos and 36 are townhomes. If you are the homeowner and looking to sell the home at 553 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 553 Lincoln Ave

Public county record property details

Beds: 4
Baths: 4
Year built: 1924
Sq. Ft.: 1,942
Lot Size: 9,572
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 8
APN: 5726-010-021

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

$1,049,000

Median List Price/Sq.Ft.

$840

Median Sold Price

$1,565,000

Median Sold Price/Sq.Ft.

$696

Total Inventory

Median Sale to List Price %

130.53%

Avg Days on Market

Loan Type

Conventional (23.08%), FHA (0%), VA (0%), Cash (53.85%), Other (7.69%)

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