$1,499,000

Multi Family In Pasadena

  • 4 Beds
  • 3 Baths
  • 9,588 Sqft lot
  • Updated: June 23
  • Source:
    San Diego MLS  MLS#SR26132517

About the Property

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
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 Pasadenas popular dining, shopping, and vibrant downtown scene, this property combines location, condition, and upside a rare find in one of Pasadenas most desirable neighborhoods.
  • Property type

    Other

  • Floors

    1

Features

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523 Lincoln, Altadena, California, United States View on Google Maps
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Remax Stone Oak Realty - Van Nuys

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Remax Stone Oak Realty - Van Nuys
California, United States
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Remax Stone Oak Realty - Van Nuys
Van Nuys, California, United States
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Last updated
June 23
First listed
Jun 23
Listing reference
SR26132517
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