691 Lincoln Avenue, Pasadena, California 91103, Pasadena, 91103 - bed, bath
ACTIVE$900,000$1,800/sqft
691 Lincoln Avenue, Pasadena, California 91103
0Bed
0Bath
1,800Sqft
7,665Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Stream: Features two existing 2-bedroom, 1-bathroom units, providing immediate and stable rental income for investors.
Top Cons:
Tenant Occupancy & Access Limitations: The property is delivered fully occupied, restricting immediate owner-occupancy and potentially complicating inspections, showings, and future property management due to the 'do not disturb tenants' directive.
Compared to the nearby listings
Price:$900.0K vs avg $900.0K (+$0)50%
Size:1,800 sqft vs avg 1,915 sqft20%
Price/sqft:$500 vs avg $49160%
More Insights
Built in 1961 (65 years old).
Condition: Built in 1961, this property is 63 years old. While it benefits from a newer roof (2020) and updated windows, the listing explicitly states it's for investors looking to 'modernize' and that 'substantial capital expenditure will likely be needed to upgrade units.' The absence of any interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are significantly dated and require major renovation. The 'Dated Core Structure' weakness in the property analysis further supports that interiors and core systems are likely very old and in need of substantial rehabilitation, aligning with a 'poor' condition rating.
Year Built
1961
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
PF25282052
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
Start the year with a great opportunity! 2 UNITS, both are 2-bed, 1-bath, with a living room, and dining room, separated by a 2-car carport. Located on an expansive, large lot with plenty of room to add a third unit ADU (Check with the city, property is zoned RM-12). GREAT LOCATION - Located just east of the Rose Bowl, and minutes away from the freeway, and Old Town Pasadena. The property was built in 1961 and has a total of 1800 sq.ft. (900 sq.ft. a unit), and lot size of 7,665 sq.ft. The property is gated with a long concrete driveway, has newer windows, and the roof was installed in 2020. Property is delivered fully occupied. Please do not disturb tenants. This property is perfect for investors looking to modernize and maximize rental income. Don't miss out on this opportunity!
W
Will Kaliel
Listing Agent
Condition Rating
Poor
Built in 1961, this property is 63 years old. While it benefits from a newer roof (2020) and updated windows, the listing explicitly states it's for investors looking to 'modernize' and that 'substantial capital expenditure will likely be needed to upgrade units.' The absence of any interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are significantly dated and require major renovation. The 'Dated Core Structure' weakness in the property analysis further supports that interiors and core systems are likely very old and in need of substantial rehabilitation, aligning with a 'poor' condition rating.
Pros & Cons
Pros
Multi-Unit Income Stream: Features two existing 2-bedroom, 1-bathroom units, providing immediate and stable rental income for investors.
Significant ADU Potential: An expansive 7,665 sqft lot with RM-12 zoning offers a clear opportunity to add a third unit (ADU), substantially increasing future income and property value.
Prime Pasadena Location: Strategically located just east of the Rose Bowl, minutes from major freeways and Old Town Pasadena, ensuring high tenant demand and strong appreciation potential.
Recent Capital Improvements: Benefits from a newer roof (installed in 2020) and updated windows, reducing immediate maintenance concerns and enhancing property longevity.
Generous & Gated Lot: A large, gated 7,665 sqft lot provides security, privacy, and ample space for potential expansion or outdoor amenities.
Cons
Tenant Occupancy & Access Limitations: The property is delivered fully occupied, restricting immediate owner-occupancy and potentially complicating inspections, showings, and future property management due to the 'do not disturb tenants' directive.
Dated Core Structure: Built in 1961, the property's age suggests that while some updates exist, significant modernization of interiors and potentially core systems (e.g., plumbing, electrical) may be required to achieve maximum rental potential.
Required Modernization Investment: The description explicitly targets investors looking to 'modernize,' indicating that substantial capital expenditure will likely be needed to upgrade units and maximize rental income.