553 Lincoln Ave, Pasadena, CA 91103

The Pacific Partners of Colliers International are pleased to present for sale 553 Lincoln Ave., a 4-Unit multi-family apartment building located just north of Colorado Blvd. in a desireable and dense residential neighborhood of Pasadena. The property consists of two single story buildings with on-site laundry facility, and parking / storage in the rear. The building totals 1,942 rentable square feet situated on an approximately 9,572 square foot rectanguar lot. Originally built in 1924, the well maintained cottage style quadraplex has (3) 1BR/1BA units and (1) 2BR/1BA unit, with 100% occupancy. Three out of the four rental units have rental rates below market rate, with updated market rents*, the property has the potential to achieve a 4.11% CAP rate in a highly desireable location. This apartment building is conveniently located adjacent to Pacific Oaks College of Pasadena, Old Town Pasadena, the Rose Bowl, and Brookside Park.
* = Buyer should complete their own due dilligence/research on compliance for rental increases.

Investment Highlights
• First Time on Market in 16 Years
• Pasadena Prime Location | Adjacent to a 9-Unit Brand New Condo Development Project (currently under construction)
• 100% Single Story Building on Approx. 9,572 SF Lot
• Upgraded Flooring, Kitchen, Bathroom, and Living Room Area for Most Units
• On-Site Laundry Facility and Carport Parking in Rear
• Long Term, Stabilized Tenants w/ +25% Upside on Rents
• Can be Purchase Together or Separately with Another 4-Plex Located at 271 North Holliston Ave., Pasadena