Pasadena, CA 91103,1910 Lincoln Avenue
Pasadena, CA 91103,1910 Lincoln Avenue
Pasadena, CA 91103,1910 Lincoln Avenue
7
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$3,450,000
Est. payment /mo
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8,430 SqFt
Pending

1910 Lincoln Avenue Pasadena, CA 91103

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Corcoran Icon Properties

+1(925) 864-5757

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 8,430 sqft

Price per Sqft $409

MLS Listing ID CL25599023

HOA Y/N No

Year Built 1949

Lot Size 0.328 Acres

Acres 0.33

Property Sub-Type Other

Property Description

***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.

Location

State CA

County Los Angeles

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Building

New Construction No

Others

Tax ID 5825014003


Bridge MLS
Listed by Matthew Ziegler • Marcus & Millichap

A FEW WORDS FROM PAST CLIENTS

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

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1910 Lincoln Avenue