- 5 Beds
- 4 Baths
- 1,942 Sqft
- .22 Acres
553 Lincoln Avenue
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.
Essential Information
- MLS® #26843273
- Price$1,400,000
- Bedrooms5
- Bathrooms4.00
- Square Footage1,942
- Acres0.22
- Year Built1924
- TypeResidential Income
- StyleCottage
- StatusActive
Community Information
- Address553 Lincoln Avenue
- Area645 - Pasadena (NW)
- CityPasadena
- CountyLos Angeles
- Zip Code91103
Amenities
- Parking Spaces4
- ParkingCarport
- GaragesCarport
- ViewNone
- PoolNone
Interior
- InteriorWood
- Interior FeaturesCeiling Fan(s)
- AppliancesMicrowave, Refrigerator
- HeatingWall Furnace
- CoolingWall/Window Unit(s)
- # of Stories1
- StoriesOne
Additional Information
- Date ListedJune 8th, 2026
- Days on Market82
- ZoningPSR3
Listing Details
- AgentRolan Meyer
- OfficeCompass
Price Change History for 553 Lincoln Avenue, Pasadena, (MLS® #26843273)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,430,000 to $1,400,000 |
Rolan Meyer, Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of August 29th, 2026 at 5:36pm PDT. 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.