523 Lincoln Avenue, Pasadena, California 91103, Pasadena, 91103 - 4 bed, 3 bath

523 Lincoln Avenue, Pasadena, California 91103 home-pic-0
ACTIVE$1,699,500
523 Lincoln Avenue, Pasadena, California 91103
4Beds
3Baths
1,979Sqft
9,587Lot
Year Built
1924
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$859
HOA
-
Days on market
-
Sold On
-
MLS number
SR25030136
Home ConditionGood
Features
Good View: Neighborhood
Patio
ViewNeighborhood

About this home

We found 2 Cons,3 Pros. Rank: price - $1.70M(67th), sqft - 1979(33th), beds - 4(50th), baths - 3(50th).

Welcome to this beautifully updated property, located in the highly sought-after historic Bristol-Cypress neighborhood of Pasadena. This unique offering includes three addresses—523, 525, and 527 Lincoln Ave—and sits on nearly a quarter-acre of prime land, providing incredible potential. Each of the three properties has been fully renovated with new flooring, fresh paint, and an upgraded electrical system throughout. The main house features two spacious bedrooms and one well-appointed bathroom, creating a modern and comfortable living space. At the rear of the property, you'll find a duplex, with each unit offering 1 bedroom, 1 bathroom, and a cozy living area. All three properties will be delivered vacant, presenting an excellent opportunity to live in one and rent the other two, or simply capitalize on this fantastic income-producing asset. Located just a short stroll from the iconic Rose Bowl and offering easy access to Pasadena's trendy restaurants, shops, and vibrant downtown area, this property is perfectly situated in a highly desirable neighborhood. The expansive lot also offers future development potential, with the possibility to build additional multi-unit structures at the rear. Don't miss out on this rare opportunity in one of Pasadena's most coveted locations.

Condition Rating
Good

The property, built in 1924, has been fully renovated with new flooring, fresh paint, and an upgraded electrical system. The images show updated kitchens and bathrooms, suggesting a renovation within the last 15 years. While not brand new, the property appears to be in move-in ready condition with no immediate major renovations required.
Pros & Cons

Pros

Income Potential: The property features a main house and a duplex, all delivered vacant, offering significant income-generating potential through renting.
Prime Location: Located in the desirable Bristol-Cypress neighborhood of Pasadena, close to the Rose Bowl and downtown amenities, enhancing its appeal to renters and buyers.
Development Opportunity: The large lot size provides future development potential, allowing for the construction of additional multi-unit structures.

Cons

Older Construction: Built in 1924, the property may require ongoing maintenance and potential upgrades due to its age.
Triplex Management: Managing a triplex requires more hands-on involvement compared to a single-family home, potentially demanding more time and effort from the owner.

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