553 Lincoln Avenue, Pasadena, CA 91103

Pasadena
Local realty services provided by:ERA Carlile Realty Group
553 Lincoln Avenue,Pasadena, CA 91103
$1,430,000
  • 5 Beds
  • 4 Baths
  • 1,942 sq. ft.
  • Multi-family
  • Active
Listed by: rolan meyer
Office: compass310-437-7500
MLS#:26843273
Source:CRMLS

Price summary

  • Price:$1,430,000
  • Price per sq. ft.:$736.35

About this home

Opportunities like this don't surface often. 553-559 Lincoln Avenue is a character-rich, four-unit cottage-style property positioned in the heart of Pasadena and it arrives with one unit delivered vacant. That detail opens the door to owner-user financing: conventional loans with lower down payment requirements, better rates, and terms unavailable on pure investment acquisitions. Live in one, collect rent from three, one of the most effective wealth-building structures in residential real estate. For the investor, the fundamentals are equally strong. In-place income is stable, tenants cover gas and electricity, and landlord-owned laundry equipment adds $150-$200/month in supplemental revenue. Major capital work has already been absorbed; plumbing updates in 2023, electrical improvements within the last decade, and a roof in good standing. Upside runs through operational refinement and cosmetic improvement. Market Cap Rate near 6%. Built in the classic cottage tradition, the property...

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Home facts

  • Year built:1924
  • Listing ID #:26843273
  • Added:59 day(s) ago
  • Updated:August 11, 2026 at 11:09 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Flooring:Wood
  • Kitchen Description:Microwave, Refrigerator
  • Living area:1,942 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1924
  • Building area:1,942 sq. ft.
  • Lot area:0.22 Acres
  • Architectural Style:Cottage
  • Levels:1 Story

Finances and disclosures

  • Price:$1,430,000
  • Price per sq. ft.:$736.35

Features and amenities

  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:4
  • Parking description:4 Carport Space(s), Carport
  • Carport spaces:4
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