523 Lincoln Ave Pasadena, CA 91103
Northwest Pasadena NeighborhoodEstimated payment $9,966/month
About This Home
Welcome to this beautifully upgraded multi-unit property in the highly sought-after Bristol Cypress neighborhood of Pasadena. Situated on a large lot, this rare offering includes three separate addresses — 523, 525, and 527 Lincoln Ave — and delivers both immediate value and long-term upside. Over the past three years, the property has undergone extensive improvements. All three units feature upgraded electrical panels, with costly underground wiring completed for long-term reliability. Each unit has been refreshed with new flooring, cabinets, interior paint, and appliances, creating a modern, turnkey living experience. Exterior upgrades include repaired wood siding, fresh exterior paint, new front fencing with a rolling gate, and low-maintenance artificial turf. The carport has been improved with newly poured concrete and a roof featuring partially new shingles, adding both functionality and durability. The front home (527 Lincoln Ave) offers 2 bedrooms and 1 bathroom, while the rear duplex (523 & 525 Lincoln Ave) consists of two 1-bedroom, 1-bath units, each with a comfortable living area. All three units have separate gas and electrical meters, with water currently serviced by a single meter to the front unit. The property will be delivered without existing occupants, presenting an ideal opportunity for owner-occupants, investors, or developers. Live in one and rent the others, or maximize income across all three units. The expansive lot also provides future development potential, with the possibility of adding additional multi-unit structures at the rear (buyer to verify with the City of Pasadena). Just minutes from the Rose Bowl and close to Pasadena’s popular dining, shopping, and vibrant downtown scene, this property combines location, condition, and upside — a rare find in one of Pasadena’s most desirable neighborhoods.
Listing Agent
My Valley Realty Brokerage Phone: 818-294-0373 License #02179261 Listed on: 03/24/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 9,587 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 4,000 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 54
- Assessor Parcel Number 5726010024
- $935 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,200
- Trash Expense $1,200
- Water Sewer Expense $4,000
- Operating Expense $24,625
- Gross Income $86,400
- Net Operating Income $57,500
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,203 | $1,432,629 | $1,073,941 | $358,688 |
| 2024 | $16,203 | $1,404,539 | $1,052,884 | $351,655 |
| 2023 | $16,070 | $1,377,000 | $1,032,240 | $344,760 |
| 2022 | $1,210 | $44,064 | $17,984 | $26,080 |
| 2021 | $1,168 | $43,201 | $17,632 | $25,569 |
| 2020 | $1,147 | $42,759 | $17,452 | $25,307 |
| 2019 | $1,142 | $41,921 | $17,110 | $24,811 |
| 2018 | $985 | $41,100 | $16,775 | $24,325 |
| 2016 | $912 | $39,507 | $16,125 | $23,382 |
| 2015 | $899 | $38,914 | $15,883 | $23,031 |
| 2014 | $910 | $38,152 | $15,572 | $22,580 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/24/2026 03/24/26 | For Sale | $1,625,000 | +20.4% | $406 / Sq Ft | |
| 05/12/2022 05/12/22 | Sold | $1,350,000 | -10.0% | $682 / Sq Ft | View Prior Sale |
| 11/29/2021 11/29/21 | For Sale | $1,500,000 | -- | $758 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,350,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,001,500 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26063553
APN: 5726-010-024
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Ask me questions while you tour the home.