691 Lincoln Avenue, Pasadena, California 91103, Pasadena, 91103 - 0 bed, 0 bath
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Pasadena, California 91103
This Value-Add Duplex Asset is listed at $900,000, positioned near the $800,519 Fair Market Value. The valuation is driven by the property's significant development upside, including RM-12 Zoning and an expansive 7,665 sq.ft. Lot with potential for a third unit or ADU. Currently maintaining a Condition Rating of 4, the property features a 2020 Roof, newer windows, and a private patio. Delivered fully occupied near the Rose Bowl, this is a strategic acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 691 Lincoln Avenue Subject | $900,000* List Price | 0 | 0 | 1,800 | $445 | - |
A 175 Painter Sold | $900,000 | 0 | 0 | 1,915 | $470 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1961, is in functional condition but requires modernization. While it benefits from significant recent updates including a roof installed in 2020 and newer windows, the exterior and grounds show signs of deferred maintenance and clutter. The listing description explicitly identifies the property as an opportunity for investors to modernize, and the absence of interior photos suggests that the kitchens and bathrooms are likely dated and in need of refurbishment to meet current market standards.
The expansive 7,665 sq.ft. lot and RM-12 zoning provide a prime opportunity to add a third unit or ADU, significantly increasing the property's value and rental yield.
Ideally situated near the Rose Bowl, Old Town Pasadena, and major freeways, this location ensures high tenant demand and long-term appreciation.
The property features a roof installed in 2020 and newer windows, reducing immediate maintenance costs and providing peace of mind for a new owner.
The property is delivered fully occupied with instructions not to disturb tenants, which may complicate the inspection process and delay immediate modernization plans.
Built in 1961, the units likely require interior updates to achieve top-of-market rents, necessitating additional upfront capital investment from the buyer.
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!
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 | 1,800 | 1,915 | 17% |
| Lot Size | 7,665 | 7,382.5 | 50% |
| Price | $900.0K | $1.10M | 50% |
| Price per sq ft | $500 | $495 | 50% |
| Built year | 1961 | 1935 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 112 | 170 | 17% |
Dec 31, 2025
$900,000
Initial Listing