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3103 Lincoln Ave, Altadena, CA, 91001

$1,499,999

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
2,622 SqFt
$572/SqFt
Multi

Location

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3103 Lincoln Ave, Altadena$1,499,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1955
CoolingOther
FireplaceSee Remarks
ViewNeighborhood
MLS #IV24198983
Lot Size0.20 Acres
StatusActive

About 3103 Lincoln Ave

Charming Altadena Triplex with Huge Development Potential – A Smart Investor's Dream Opportunity Welcome to a rare find in the heart of Altadena, a well-maintained triplex nestled on an expansive 8,700+ sq. ft. lot with endless possibilities! With three current tenants on month-to-month leases paying under-market rents, this property offers immediate cash flow and a host of opportunities for savvy investors, developers, or even first-time homebuyers looking to capitalize on the robust Altadena real estate market. Property Highlights: Three units in great condition, providing a stable rental income stream. Month-to-month leases offer flexibility for immediate rent increases or renovations. Huge 8,700+ sq. ft. lot with development potential – a dream canvas for creative investors. Covered carport with potential for ADU (Accessory Dwelling Unit) conversion, allowing for additional rental income or living space. Prime Altadena location, just minutes from shops, dining, parks, and easy access to Pasadena and Downtown Los Angeles. The Development Opportunity: The sheer size of this 8,700+ sq. ft. lot opens up a world of options for the astute investor. Zoned for multi-family use, the lot’s size, shape, and current layout are ideal for someone looking to expand, redevelop, or reimagine the property to maximize value. Investor Appeal – Immediate Cash Flow with Long-Term Growth Potential With rents currently below market value, this property offers immediate upside potential. A simple rent increase to market rates could improve your cash flow considerably, even without making any major changes. However, if you're the type of investor looking to maximize returns, this property could be a goldmine with strategic upgrades or redevelopment. Whether you're looking for a value-add opportunity, a place to call home while benefiting from rental income, or a development project with significant upside, this triplex checks all the boxes. The time to act is now! Schedule a viewing to see this fantastic property and review the numbers with us. Properties offering this level of flexibility and growth potential are a rarity in Altadena. Whether you’re a seasoned investor looking for your next project or a first-time buyer hoping to live in one unit while benefiting from rental income, this triplex is a must-see.

Property Details

Property Features

Property Information:

  • Year Built: 1955
  • Stories: 2
  • Living Area: 2,622 SqFt

Listing Office:

  • Office Name: RE/MAX TIME REALTY
  • Office Phone: (909) 205-5848
  • Listing Agent: ROBERT WATKINS

Interior Features

Interior Information:

  • Fireplace: See Remarks

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Neighborhood

Virtual/3D Tour

  • 3D Tour: 3103 Lincoln Ave
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Lot Features

Lot Information:

  • Lot: Irregular Lot
  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Cooling: Other

Other

Directions Information:

  • Directions: 3103 Lincoln Ave, Altadena, CA 91001

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,999
  • Price Per SqFt: $572/SqFt

Tax Information:

  • Annual Amount: $11,258
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Altadena, CA.

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Altadena, CA

City

Med. Sold Price

$1.4M

Med. Price/SqFt

$815

Avg. Days On Market

24

# of Sold Homes

28

3103 Lincoln Ave vs Altadena

55 DAYS ON ROCKET

+31 Days

$1,499,999

+$99.9K More

$572/SqFt

-$243 Less

KEY TAKEAWAY

This property is $99.9K more than the Median Sold Price and $243/SqFt less than other homes in Altadena, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #IV24198983

Listing Office:

  • Office Name: RE/MAX TIME REALTY
  • Office Phone: (909) 205-5848
  • Listing Agent: ROBERT WATKINS

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 2:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 01, 2007Home Sold
$775,000
Aug 19, 1999Home Sold
$46,245
Aug 19, 1999Home Sold
$46,254
Aug 19, 1999Home Sold
$92,500
May 28, 1998Home Sold
$30,640
May 27, 1998Home Sold
$220,000

Tax History

YEARPROP. TAXASSESSMENT
2021$11,258$959,252
2020$10,844$949,417
2019$11,003$930,802
2018$10,894$912,552
2017$10,894$894,660

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-320032
5
/10

  • Jackson STEM Magnet

  • 593 W Woodbury Rd

  • 1.10 miles

  • Public District Grades PK-5

school-card-donut-320033
4
/10

  • Altadena Arts Magnet

  • 743 E Calaveras St

  • 1.70 miles

  • Public District Grades PK-5

school-card-donut-320034
9
/10

  • Paradise Canyon Elementary School

  • 471 Knight Way

  • 1.76 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $123,566. Typical income of Altadena, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Altadena›91001›3103 Lincoln Ave

This home is located at 3103 Lincoln Ave in Altadena, CA and zip code 91001 in the The Verdugos neighborhood. This 2,622 square foot home, which was built in 1955, sits on a 0.20 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $1,499,999.

Altadena, CA housing market in October 2024 saw over 18 listings sold above listed price, more than 3 sold at listed price and over 7 sold below. Between September 2024 and October 2024, Altadena, CA real estate market has seen increase in the number of listings by 7.6%. Listings spent 24 days on the market in October 2024, and had a median list price of $1,400,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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