
Pasadena, California 91103
This Move-In Ready Multi-Unit Home is listed at $1,625,000, reflecting a premium Condition Rating of 2 following extensive recent renovations. This valuation, compared to the $1,466,522 Fair Market Value, accounts for the rare delivery of three vacant units, mountain views, and a massive 9,587-square-foot lot with significant development upside. Featuring upgraded electrical, modern kitchens, and a prime location near the Rose Bowl in the Pasadena Unified district, this property offers a versatile lifestyle with immediate rental potential. It is a premier choice for Owner-Occupants or Buy-and-Hold Investors.
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.
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.
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.
Upgraded electrical panels with costly underground wiring and separate gas/electric meters provide long-term reliability and simplified utility management for the owner.
While gas and electric are separate, the single water meter for all three units complicates utility billing and increases the owner's operational overhead.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 50% |
| Baths | 3.0 | 1.0 | 67% |
| Square foot | 1,979 | 1,947 | 50% |
| Lot Size | 9,587 | 7,813 | 83% |
| Price | $1.62M | $1.33M | 83% |
| Price per sq ft | $821 | $566 | 83% |
| Built year | 1924 | 1917 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 70 | 171 | 17% |
Feb 11, 2026
$1,625,000
Initial Listing
May 12, 2022
$1,350,000
Public Record