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

523 Lincoln, Pasadena, California 91103 home-pic-0

523 Lincoln

Pasadena, California 91103

ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
1,979Sq Ft
9,587Lot Size

Property Price

LIST PRICE$1,625,000

SUMMARY

Analysis of 523 Lincoln, Pasadena, California 91103 is currently available with a list price of $1,625,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property has undergone extensive renovations within the last three years, including new flooring, modern kitchen cabinets, updated appliances, and upgraded electrical systems with underground wiring. The interior and exterior present as turnkey and virtually new, meeting the criteria for a property extensively renovated within the past 5 years.

PROSSTRENGTHS & OPPORTUNITIES

  • Turnkey Multi-Unit Configuration

    The property features three separate addresses delivered vacant, allowing for immediate market-rate rentals or a flexible owner-user arrangement without the complications of existing tenancies.

  • Extensive Recent Upgrades

    Significant capital improvements over the last three years include new flooring, cabinets, appliances, and interior/exterior paint, ensuring a modern aesthetic and reduced immediate maintenance costs.

  • Infrastructure & Utility Value

    Upgraded electrical panels with costly underground wiring and separate gas/electric meters provide long-term reliability and simplified utility management for the owner.

CONSRISKS & DEFICIENCIES

  • Shared Water Metering

    While gas and electric are separate, the single water meter for all three units complicates utility billing and increases the owner's operational overhead.

  • Vintage Structural Risks

    Originally built in 1924, the property may have underlying age-related elements in plumbing or foundation that were not addressed in the recent cosmetic and electrical renovations.

  • Limited Unit Density

    With two of the three units being 1-bedroom configurations, the property may have a lower rental ceiling compared to multi-unit buildings with larger, family-sized layouts.

About 523 Lincoln

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.

Property Details

Public Facts

Property Type
Triplex
Year Built
1924
Lot Size
9,587 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.02.0
50%
Baths3.01.0
67%
Square foot1,9791,947
50%
Lot Size9,5877,813
83%
Price$1.62M$1.33M
83%
Price per sq ft$821$566
83%
Built year19241917
50%
HOA$0$0
50%
Days on market23123
17%

Pricing History

Listed for Sale

Feb 11, 2026

$1,625,000

Initial Listing

Sold

May 12, 2022

$1,350,000

Public Record

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