1910 Lincoln AvePasadena, CA 91103

Property Details for 1910 Lincoln Ave

Year built

1949

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

4,260 SF

Zone code

PSR1

Property type

Apartment buildings

APN

5825-014-003

APU

5825014003

Description

This exceptional 16-unit multifamily investment opportunity in Pasadena, California, presents a compelling value-add proposition. Comprising two, two-story buildings totaling 8,430 square feet on a spacious 1.43-acre lot (14,307 sq ft), the property offers a mix of 12 one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, and two studio units. Currently priced at $3,800,000 ($237,500 per unit), it boasts a 5.43% cap rate with a pro-forma cap rate of 6.39%, reflecting significant upside potential. The Net Operating Income (NOI) is $206,214, projected to increase to $242,892. Built in 1949, the property is zoned PSR1 and benefits from a highly walkable location (Walk Score of 80), close to amenities, schools, and public transportation (A Line). Its convenient proximity to the 210, 134, and 110 freeways ensures easy access to Downtown Los Angeles and surrounding areas. Current rents are approximately 12% below market, presenting a clear opportunity for increased revenue through renovations and market-rate adjustments. This property offers a strong return on investment with significant potential for appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,721,698

  6.5%

  $1,589,260

  7%

  $1,475,742

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,255,626

  Geo Method

  $1,255,626

• Alternative Use

  Use

  Valuation

  Residential

  $1,589,260

  Hospitality

  $1,455,754

  Educational

  $1,211,170

  Medical

  $1,252,824

  Retail

  $1,884,042

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1785

Longitude

-118.159

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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