tomo logo

$1,699,500

Beds
4
Baths
3.0
sq ft
1,979

523 Lincoln Ave, Pasadena, CA 91103

523 Lincoln Ave

Pasadena, CA 91103

  • 4 days on market
Welcome to this beautifully updated 3 unit property, located in the highly sought-after historic Bristol-Cypress neighborhood of Pasadena. This unique offering includes three addresses—523, 525, and 527 Lincoln Ave—and sits on nearly a quarter-acre of prime land, providing incredible potential. Each of the three properties has been fully renovated with new flooring, fresh paint, and an upgraded electrical system throughout. The main house features two spacious bedrooms and one well-appointed bathroom, creating a modern and comfortable living space. At the rear of the property, you'll find a duplex, with each unit offering 1 bedroom, 1 bathroom, and a cozy living area. All three properties will be delivered vacant, presenting an excellent opportunity to live in one and rent the other two, or simply capitalize on this fantastic income-producing asset. Located just a short stroll from the iconic Rose Bowl and offering easy access to Pasadena's trendy restaurants, shops, and vibrant downtown area, this property is perfectly situated in a highly desirable neighborhood. The expansive lot also offers future development potential, with the possibility to build additional multi-unit structures at the rear. Don't miss out on this rare opportunity in one of Pasadena's most coveted locations.

Details

Property type

Single Family Residence

Est. home value

$1,309,836

Lot size

9,587 sq ft

Price per sq ft

$859

Year built

1924

HOA

No

Price History

03/28/2025
CRMLS

CRMLS #SR25030136

Removed
$1,699,500
03/28/2025
CRMLS

CRMLS #SR25068283

Listed
$1,699,500
02/10/2025
CRMLS

CRMLS #SR25030136

Listed
$1,699,500
+25.89%

Schools & Community

Neighborhood: 

West Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Pasadena Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$616,484
Asking price
$1,699,500
Closing costs (~8% of asking)
-$135,960
Est. remaining loan balance
-$947,056
Cash to seller
$616,484

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

American First Lending Corp

Loan start date

April 2022

Original loan amount

$1,001,500

Est. remaining balance

$947,056

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Foad Manghouly

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/01/2025 at 11:55 PM

Listing updated: 03/31/2025 at 12:50 PM

Listed by: Farid Eslamieh, Remax Stone Oak Realty Phone #: (818) 433-4400

MLS: CRMLS #SR25068283

CRMLS logo

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