523 N Lincoln, Monterey Park, CA 91755
523 N Lincoln, Monterey Park, CA 91755
523 N Lincoln, Monterey Park, CA 91755
27
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$2,980,000
Est. payment /mo
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12 Beds
7 Baths
5,293 SqFt
New

523 N Lincoln Monterey Park, CA 91755

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Jason Fogelman

Jason Fogelman

+1(858) 204-4262

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 5,293 sqft

Price per Sqft $563

MLS Listing ID WS26234770

Bedrooms 12

Full Baths 7

Year Built 1957

Lot Size 0.394 Acres

Property Sub-Type All Other Attached

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 exceptional potential. Dont miss this rare opportunity to unlock the full value of a high-potential income property in one of Monterey Parks most desirable locations!

Location

State CA

County Los Angeles

Direction Close to N Garfield Ave and E Hellman Ave crossing street

Interior

Cooling Wall/Window

Fireplace No

Appliance Gas Oven, Gas Stove, Gas Range

Exterior

Garage Spaces 5.0

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N Yes

Water Access Desc Public

View Neighborhood

Roof Type Shingle

Total Parking Spaces 5

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 5255011012

Acceptable Financing Cash, Exchange, Cash To New Loan

Listing Terms Cash, Exchange, Cash To New Loan

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by CINDY JIE, DRE#02053015 Pinnacle Real Estate Group 
Co-listed byNON LISTED OFFICE

NEARBY SCHOOL & BUSINESS

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Jason Fogelman

Jason Fogelman

Realtor / North County Regional Manager CA DRE#01374456

+1(858) 204-4262

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