553 Lincoln Avenue, Pasadena, CA 91103

Pasadena
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
553 Lincoln Avenue,Pasadena, CA 91103
$1,430,000
  • 5 Beds
  • 4 Baths
  • 1,942 sq. ft.
  • Multi-family
  • Active
Listed by: rolan meyer
Office: compass310-437-7500
MLS#:26843273
Source:CRMLS

Price summary

  • Price:$1,430,000
  • Price per sq. ft.:$736.35

About this home

Opportunities like this don't surface often. 553-559 Lincoln Avenue is a character-rich, four-unit cottage-style property positioned in the heart of Pasadena and it arrives with one unit delivered vacant. That detail opens the door to owner-user financing: conventional loans with lower down payment requirements, better rates, and terms unavailable on pure investment acquisitions. Live in one, collect rent from three, one of the most effective wealth-building structures in residential real estate. For the investor, the fundamentals are equally strong. In-place income is stable, tenants cover gas and electricity, and landlord-owned laundry equipment adds $150-$200/month in supplemental revenue. Major capital work has already been absorbed; plumbing updates in 2023, electrical improvements within the last decade, and a roof in good standing. Upside runs through operational refinement and cosmetic improvement. Market Cap Rate near 6%. Built in the classic cottage tradition, the property...

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Home facts

  • Year built:1924
  • Listing ID #:26843273
  • Added:16 day(s) ago
  • Updated:June 29, 2026 at 01:44 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Flooring:Wood
  • Kitchen Description:Microwave, Refrigerator
  • Living area:1,942 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1924
  • Building area:1,942 sq. ft.
  • Lot area:0.22 Acres
  • Architectural Style:Cottage
  • Levels:1 Story

Finances and disclosures

  • Price:$1,430,000
  • Price per sq. ft.:$736.35

Features and amenities

  • Appliances:Microwave, Refrigerator
  • Laundry features:Common Area
  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:4
  • Parking description:4 Carport Space(s), Carport
  • Carport spaces:4
Based on information from California Regional Multiple Listing Service, Inc. as of June 29, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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