NOT LISTED FOR SALE

524 Lincoln Ave Pasadena, CA 91103

Northwest Pasadena Neighborhood
8 Beds
8 Baths
5,392 Sq Ft
0.25 Acres

Last Sold December 11, 2020

Last sale price $1,780,000 $330 Per Sq Ft

15 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • 6 Car Detached Garage
  • Spanish Architecture
  • Balcony
  • Bathtub with Shower

About This Home

As of December 2020

INVESTORS YOU DECIDE...REHAB, CONDO CONVERSION, or NEW DEVELOPMENT. This 8-unit apartment building, Zoned PSR3, is near the N. Orange Grove and Lincoln Ave. corridor where new commercial and residential projects are currently in progress. Property is being sold, AS IS, No Concessions, No Termite, No Repairs. This property needs major work, i.e., termite damage, new plumbing, electrical, and roof. This investment opportunity has great potential and is ideal for contractors and investors. It will not qualify for traditional financing. Broker does not guarantee the accuracy of square footage, lot size, or other information concerning the condition or features of the property provided by the seller, obtained from public records, or other sources. The buyer is advised to independently verify the accuracy of all information listed in the MLS through personal and professional inspection. Property is 100% vacant. Sale to include 540 Lincoln APN 5726-015-016 & 524 Lincoln 5726-015-016.

Last Agent to Sell the Property

Sheila Brittain

Sheila Brittain Realty License #00885866 Listed on: 09/21/2020

Last Buyer's Agent

Matt Ly

Coldwell Banker Realty License #01441481

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 0.25 Acre Lot
  • West Facing Home
  • Sprinkler System

Parking

  • 6 Car Detached Garage

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Fixer Upper
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 5,392 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • French Doors

Flooring

  • Wood
  • Wood Under Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Balcony

Utilities

  • 220 Volts
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5726-015-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Alley: No
  • Entry Location: Ground Level w/steps
  • Living Area: 5392
  • Lot Acreage: 0.2513
  • Probate: No
  • Property Condition: Repairs Major, Repair Cosmetic, Fixer
  • Stories: 2
  • Year Built: 1925
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 220V Throughout
  • Flooring: Wood, Wood Under Carpet, Mixed, Hardwood
  • Bedrooms: 8
  • Common Walls: Attached
  • Bathroom Features: Shower and Tub
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 389.47

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: Balcony, High Ceilings (9 Feet+), French Doors
  • Other Structures: None
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Detached
  • Total Parking: 6

Utilities

  • Volt 220: 220V Throughout
  • Water Heater: Gas
  • Sewer: In Street
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Percent: 73.18
  • Assessed Improvement Value: 46025
  • Assessed Land Percent: 26.82
  • Assessed Land Value: 16872
  • Total Assessed Value: 62897
  • Assessor Parcel Number: 5726-015-017
  • Lot Size Area: 10945

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.49
  • Number Of Units: 8
  • Type Of Units: One Bedrooms

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2020 12/11/20 Sold $1,780,000 -15.2% $330 / Sq Ft
10/06/2020 10/06/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $2,100,000 +18.0% $389 / Sq Ft
09/25/2020 09/25/20 Off Market $1,780,000 -- --
09/21/2020 09/21/20 For Sale $2,100,000 -- $389 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sheila Brittain

    Sheila Brittain Realty

    (323) 333-5332

    1 Total Sale

    Sheila Brittain
    Section Image

  • M

    Buyer's Agent in 2020

    Matt Ly

    Coldwell Banker Realty

    (626) 821-1216

    24 Total Sales

    Matt Ly
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 20-635840

The MLS
California Los Angeles County Pasadena 91103 Northwest Pasadena

524 Lincoln Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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