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Listed by CINDY JIE, DRE #02053015 • Pinnacle Real Estate Group
$ 2,980,000
Est. payment /mo
New
523 N Lincoln Monterey Park, CA 91755
0.39 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS26227750
Year Built 1957
Lot Size 0.394 Acres
Source California Regional MLS
Property Description
Prime Monterey Park Investment Opportunity! Ideally situated in the heart of Monterey Park, just minutes from the Garfield Avenue and I-10 Freeway interchange, this exceptional income property offers a rare combination of location, scale, and value-add potential. The property features four separate buildings with five units, including two 3 bedroom, 2 bath and three 2 bedroom, 1 bath units, providing a versatile unit mix appealing to a broad range of tenants. Expansive 17,172 square foot lot with approximately 5,293 square feet of building area offers impressive scale and potential for long-term value appreciation. A total of 12 parking spaces and Four garages provides exceptional parking convenience. All five units are individually metered for gas and electricity, offering added convenience for utility management. Zoned R3, the property may offer future multi-unit development potential, subject to city regulations and approvals. Current rents are below market, presenting an estimated rental upside of over 30% and an excellent opportunity to increase income through strategic rent adjustments. The property underwent seismic retrofitting in 2011. With its expansive lot, versatile five-unit configuration, and significant rental upside, this is a compelling value-add investment with
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Interior
Laundry In Laundry Room, Other
Exterior
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 5255011012
Special Listing Condition Not Applicable
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