New

$1,430,000

For Sale

2 days ago

553 Lincoln Ave, Pasadena, CA

Name: 553 Lincoln Ave, For Sale in Pasadena - eXp Realty
Brand: Compass
SKU: 26843273
Price: 1430000 USD

House

MLS® 26843273

5 Bed

4 Bath

1942 sqft

4 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 1942 sqft

Garage

Taxes

Days Active 2

Lot Size 0.2198 Acres

Approx. Age 1924

Avg. Price Per Sqft $736

MLS® Number 26843273

Property Address: 553 Lincoln Ave, Pasadena, CA, 91103-3638

Average square foot calculated using Size range provided by listing agent.

Description

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 carries architectural character that commands tenant loyalty and holds value in soft markets. Interiors feature hardwood and tile flooring, granite countertops, and ceiling fans. Individual wall units handle heating and cooling, keeping systems simple and maintenance contained. Walkability is a headline feature. The Metro Gold Line Station is steps away, and a grocery store, Starbucks, CVS, and major banking are within a single block. Old Town Pasadena with its concentration of dining, retail, and cultural anchors is minutes from the front door. Pasadena's strong employment base, educated renter demographic, and constrained multifamily inventory make this a market that consistently outperforms in occupancy and rent growth. 553-559 Lincoln Avenue suits a first-time buyer entering the market with built-in income, an owner-user ready to build equity, or a seasoned investor adding a low-maintenance performer to an existing portfolio. The vacant unit is the opportunity, what you do with it is yours to decide.

MLS® Number26843273

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1924

Basement

DrivewayCarport

Garage Spaces

HeatWall Furnace

A/CWall Window Units

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 12, 2026List Date

$1,430,000List Price

Home Appraisal

This property is estimated to sell between: $1,430,000 and $3,385,000.

Similar properties in this area sold on average for: $2,732,933

Expected to sell in 50 days. Similar properties sold in 52 days. This home has been on eXp Realty for 2 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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