Marcus & Millichap is pleased to present 1910-1918 Lincoln Ave
- two separate, eight unit (16) value-add apartment buildings
located in Pasadena.
This property offers an investor the opportunity to renovate
common areas / unit interiors to increase current rents which
are approximately 12% under market. The property features
an excellent unit mix of (12) one-bedroom/one-bathroom units,
(2) two-bedroom/one-bathroom units and (2) studios. The two
buildings total to 8,430 square feet and sit on a 14,307 square foot
lot zoned PSR1.
Located just a couple of miles north of Old Town Pasadena in the
Lincoln-Villa neighborhood, 1910-1918 Lincoln Ave boasts a walk
score of 80 (very walkable) and is close in proximity to a variety
of local gyms, markets, schools and eateries. This Pasadena
neighborhood sits just east of the Rose Bowl and is a short
drive away to La Cañada Flintridge and Altadena. Conveniently
positioned near the 210, 134 and 110 freeways, residents have an
easy commute to Downtown LA, Eagle Rock, Highland Park and the
rest of the San Gabriel Valley. The property is also nearby several
of Pasadena’s A Line Stations providing convenient westbound
access to DTLA, Hollywood, Koreatown and LAX.