691 Lincoln, Pasadena, California 91103, Pasadena, 91103 - 4 bed, 2 bath
ACTIVE$900,000$1,800/sqft
691 Lincoln, Pasadena, California 91103
4Beds
2Baths
1,800Sqft
7,665Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Income Generation: A fully occupied duplex (two 2-bed, 1-bath units) provides instant rental income for investors from day one.
Top Cons:
Required Modernization: Built in 1961, the property likely needs substantial interior updates and system modernizations to achieve maximum rental income and market value, implying significant renovation costs.
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, the property's interior, including kitchens and bathrooms, is explicitly stated to require 'substantial updates and system modernizations.' While the roof was replaced in 2020 and windows are newer, the lack of interior photos and the agent's analysis suggest original or severely outdated plumbing, electrical, and HVAC systems, indicating a need for significant rehabilitation beyond minor cosmetic fixes.
Year Built
1961
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
PF25281608
Home ConditionPoor
Features
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 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, the property's interior, including kitchens and bathrooms, is explicitly stated to require 'substantial updates and system modernizations.' While the roof was replaced in 2020 and windows are newer, the lack of interior photos and the agent's analysis suggest original or severely outdated plumbing, electrical, and HVAC systems, indicating a need for significant rehabilitation beyond minor cosmetic fixes.
Pros & Cons
Pros
Immediate Income Generation: A fully occupied duplex (two 2-bed, 1-bath units) provides instant rental income for investors from day one.
Significant Development Potential: The expansive 7,665 sq.ft. lot, zoned RM-12, offers a clear opportunity to add a third ADU unit, enhancing future value and income potential.
Prime Pasadena Location: Strategically located just east of the Rose Bowl, with minutes-away access to freeways and Old Town Pasadena, ensuring strong tenant demand and appreciation potential.
Recent Capital Upgrades: Newer windows and a roof installed in 2020 mitigate immediate major repair costs and contribute to the property's structural integrity.
Generous Lot Size: The 7,665 sq.ft. lot provides ample space for expansion (ADU), outdoor amenities, and privacy, a valuable asset in a desirable Pasadena location.
Cons
Required Modernization: Built in 1961, the property likely needs substantial interior updates and system modernizations to achieve maximum rental income and market value, implying significant renovation costs.
Tenant Occupancy & Access Limitations: Being fully occupied with a 'do not disturb' directive can restrict showing flexibility, inspection access, and immediate owner-occupancy or renovation plans.
Potential for Dated Infrastructure: Despite recent roof and window upgrades, other core systems (e.g., plumbing, electrical, HVAC) may be original or outdated, potentially leading to unforeseen repair expenses.