523 N Lincoln, Monterey Park, CA 91755
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
523 N Lincoln,Monterey Park, CA 91755
$2,980,000
- - Beds
- - Baths
- 5,293 sq. ft.
- Multi-family
- Active
Listed by: cindy jie
Office: pinnacle real estate group626-888-9808
MLS#:WS26227750
Source:CRMLS
Price summary
- Price:$2,980,000
- Price per sq. ft.:$563.01
About this home
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 exceptional potential. Don’t miss this rare opportunity to unlock the full value of a high-potential income property in one of Monterey Park’s most desirable locations!...
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Home facts
- Year built:1957
- Listing ID #:WS26227750
- Added:1 day(s) ago
- Updated:October 23, 2026 at 06:29 PM
Rooms and interior
- Living area:5,293 sq. ft.
Structure and exterior
- Year built:1957
- Building area:5,293 sq. ft.
- Lot area:0.39 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,980,000
- Price per sq. ft.:$563.01
Features and amenities
- Laundry features:Outside
Parking
- Total parking spaces:5
- Garage:Yes
- Garage spaces:5
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