See all 7 photos
$3,450,000
Est. payment /mo
8,430 SqFt
Pending
1910 Lincoln Avenue Pasadena, CA 91103
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Mike & Jules Guzzardo Team With Jenny Biczkow
Corcoran Icon Properties
mike@guzzardoteam.com +1(925) 864-5757UPDATED:
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

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Listed by Matthew Ziegler • Marcus & Millichap
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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