
Pasadena, California 91103
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.
Property is new construction or fully renovated.
Although originally built in 1924, the property has undergone extensive renovations within the last three years. The interiors feature brand-new kitchens with white shaker cabinets and stainless steel appliances, modernized bathrooms with updated vanities and walk-in showers, new flooring, and recessed lighting throughout. Significant system upgrades, including new electrical panels and underground wiring, combined with fresh exterior paint and landscaping, place this property in excellent, turnkey condition.
The property has undergone extensive interior and exterior renovations over the last three years, including upgraded electrical panels, new flooring, modern appliances, and fresh paint, ensuring immediate occupancy with minimal capital expenditure.
Situated on an expansive 9,587 sqft lot, this property offers rare future development potential with the possibility of adding additional multi-unit structures at the rear to maximize density and rental income.
The property will be delivered without existing tenants, providing a clean slate for owner-occupants to move in immediately or for investors to capitalize on current market-rate rents without the complications of existing leases.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4000, other record living area = 1979.
While gas and electricity are separately metered, the water service is currently tied to a single meter for the front unit, which complicates utility billing and expense management for a multi-tenant setup.
Despite recent cosmetic and electrical upgrades, the 1924 construction date suggests that other underlying systems, such as original plumbing or foundation elements, may require ongoing maintenance typical of vintage homes.
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 | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,000 | 2,011 | 83% |
| Lot Size | 9,587 | 7,813 | 83% |
| Price | $1.62M | $1.33M | 83% |
| Price per sq ft | $406 | $480 | 17% |
| Built year | 1924 | 1917 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 170 | 17% |
Mar 24, 2026
$1,625,000
Initial Listing
May 12, 2022
$1,350,000
Public Record