523 N LINCOLN Avenue Monterey Park, CA 91755

226268685 34.0682 -118.12112 124 /listing/226268685-150106919/523-n-lincoln-avenue-monterey-park-ca-91755 False 0 2125000.0 105 18411844 False
  • $2,125,000
  • 17,172 lot
  • Est payment $11407.46/mo

Property & Neighborhood Info

Courtesy Of David Harrington, Matthews Real Estate Investmen

Multi-Family in Monterey Park

523 N. Lincoln Avenue offers a great opportunity for either an investor or an owner/use to own and operate in prime Monterey Park. The unit mix consists of: (1) 3BR/2BA House, (1) 3BR/2BA Unit, (1) 2BR/1BA House, and (2) 2BR/1BA Units. The property sits on a 17,172 lot with MPR3* zoning with future development potential. Current rents are low, and the upside potential is over 30%. The building area is 5,293 SF which means the units on average are about 1,000 SF each. There are 12 total parking spaces and the property is individually metered for gas and electricity. This is a rare offering in Monterey Park with a very favorable unit mix. **Property was seismic retrofitted in 2011**

Courtesy Of David Harrington, Matthews Real Estate Investmen
  1. 17,172 Lot

Main Features

  • Listing Status: For Sale Under Contract
  • Year Built: 1957
  • Floors: 2
  • County: Los Angeles
  • Units: 5
  • Zoning: MPR3*
  • MLS Number:18411844

Additional Features

  • Laundry:
    • None
  • Appliances:
    • None
  • Number of Buildings:
    • 4
  • Net Operating Income:
    • 52712.00
  • CDOM:
    • 50
  • Special Conditions:
    • Standard
  • Gross Operating Income:
    • 96700.00
  • Land Value:
    • 110834
  • Lot Size Acres:
    • 0.3942
  • Lot Size Area:
    • 17172.0000
  • Lot Size Square Feet:
    • 17172.00
  • Price Per SQFT:
    • 401.47
  • Tax ID:
    • 5255011012
  • Total Expenses:
    • 43988.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Carl Feldstein
Carl Feldstein

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523 N LINCOLN Avenue Monterey Park, CA 91755

226268685 34.0682 -118.12112 124 /listing/226268685-150106919/523-n-lincoln-avenue-monterey-park-ca-91755 False 0 2125000.0 105 18411844 False
  • $2,125,000
  • 17,172 lot
  • Est payment $11407.46/mo