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1910 Lincoln Ave

Pasadena CA 91103

16
8430 sq. ft.
14307 sq. ft.
Other
Currently for sale - view listing

Overview

***Highest Cap Rate (6.33%) / Lowest GRM (10.19) in Pasadena***We are pleased to present 1910-1918 Lincoln Ave - two separate, eight unit (16) value-add apartment buildings located in Pasadena. This property offers an investor the opportunity to renovate common areas / unit interiors to increase current rents which are approximately 12% under market. The property features an excellent unit mix of (12) one-bedroom/one-bathroom units, (2) two-bedroom/one-bathroom units and (2) studios. The two buildings total to 8,430 square feet and sit on a 14,307 square foot lot zoned PSR1. Located just a couple of miles north of Old Town Pasadena in the Lincoln-Villa neighborhood, 1910-1918 Lincoln Ave boasts a walk score of 80 (very walkable) and is close in proximity to a variety of local gyms, markets, schools and eateries. This Pasadena neighborhood sits just east of the Rose Bowl and is a short drive away to La Caada Flintridge and Altadena. Conveniently positioned near the 210, 134 and 110 freeways, residents have an easy commute to Downtown LA, Eagle Rock, Highland Park and the rest of the San Gabriel Valley. The property is also nearby several of Pasadena's A Line Stations providing convenient westbound access to DTLA, Hollywood, Koreatown and LAX.

Features

16 bathrooms
8430 sq. ft. floor area
14307 sq. ft. lot size
Other

Property history for 1910 Lincoln Ave

2016
Sold
$3,200,000
18 May 2016 by Mike Iryami, of BRC Advisors- BH

Happy sellers in Pasadena

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Local market activity for other properties in Pasadena

In the last 12 months, 5 other properties similar to 1910 Lincoln Ave, have been sold.

This represents a 66% decrease in other properties sales when compared to the previous 12 months.

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