481 Lincoln Ave Pasadena, CA 91103

We are pleased to offer for sale a great opportunity for a contractor or experienced investor to purchase investment property with tremendous upside. The buildings have undergone very extensive updating and renovation work including plumbing, electrical, windows, foundation, but need a buyer to finish out the project. Once complete the new owner will have a fully updated property bringing great rental income. The property features a main building with five units consisting of four 1 bedroom, 1 bath and one 2 bedroom, 2 bath units. There is a separate 2 bedroom, 2 bath house that was completely renovated and includes a newly built 2-car garage with direct access into the house. The renovation work has been done through the City of Pasadena and includes new plumbing, electrical, windows, but still needs the completion of the building exterior and three unit interiors. A relatively short walk to Old Town Pasadena, this property is located in a high rental demand area and can yield really stable income. Rents, GRM and CAP Rate are based on three remaining units having renovations complete and rented at market rents. TENANTS ARE UNAWARE OF THE SALE. PLEASE DO NOT DISTURB THEM OR WALK ONTO PROPERTY. DRIVE BY ONLY.