1910 Lincoln Avenue

    Pasadena, CA 91103
    • $4,100,000
    • STATUS: Active
    • ON SITE: 69 days
    • ID#: 18341542
    $4,100,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,430
      SQFT
    • $486
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Marcus & Millichap is proud to present this 16-unit, non-rent control garden-style apartment complex located in Pasadena, California. The building consists of Two- Studios, Twelve- 1 Bedroom / 1 Bathroom units and Two- 2 Bedroom / 1.25 Bathroom units. The 16 units sit on two adjacent APNs with 8 units per APN, thus eliminating the need for an on-site manager. The subject property is situated on a 14,306 square foot lot with a total rentable square feet of 8,430 and features 16 parking spaces as well as on-site laundry.Pasadena is known as the City of Roses and is home of the Rose Bowl Stadium where it hosts the annual Rose Parade and college championship games.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-16T00:28:38.717. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/83327062

    1910 Lincoln Avenue Pasadena, CA 91103

    • Price: $4,100,000
    • Status: Active
    • ID#: 18341542
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    8,430
    SQFT
    $486
    $/SQFT
    1949
    Built
    Neighborhood:
    645 - Pasadena (NW)
    County:
    Los Angeles
    Area:
    645 - Pasadena (NW)
    Property Description
    Marcus & Millichap is proud to present this 16-unit, non-rent control garden-style apartment complex located in Pasadena, California. The building consists of Two- Studios, Twelve- 1 Bedroom / 1 Bathroom units and Two- 2 Bedroom / 1.25 Bathroom units. The 16 units sit on two adjacent APNs with 8 units per APN, thus eliminating the need for an on-site manager. The subject property is situated on a 14,306 square foot lot with a total rentable square feet of 8,430 and features 16 parking spaces as well as on-site laundry.Pasadena is known as the City of Roses and is home of the Rose Bowl Stadium where it hosts the annual Rose Parade and college championship games.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.05 Gross Multiplier 15.69 Gross Operating Income 261300.00 Improvements Amount 612000 Land Value 1020000 Laundry YN Yes Net Operating Income 166229.00 Special Listing Conditions Standard Total Expenses 88672.00 Zoning Psr1

    Listing provided courtesy of Filip Niculete of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-16T00:28:38.717. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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