Listing Agent: CINDY JIE      Broker/Office: Pinnacle Real Estate Group
523 Lincoln N Monterey Park CA 91755
$ 2,980,000
  12   |    7   |    5293 Sq Feet

Listing ID

#WS26234770

Status

Active

Property Type

Quadruplex

County

Los Angeles

Year Built

1957

Days on website

2

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. 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!
Location
Financial Information
List Price:  $ 2980000
Property Features
Community Features:  Suburban
Electric:  Standard
High School:  Mark Keppel
High School District:  Alhambra
Laundry Features:  Outside
Levels:  Two
Roof:  Shingle
Senior Community YN:  false
Structure Type:  Quadruplex
View:  Neighborhood
Water Source:  Public
High School:  Mark Keppel
High School District:  Alhambra
Senior Community YN:  false
MLS Area Major:  641 - Monterey Park
City:  Monterey Park
Listed By:   CINDY JIE   Pinnacle Real Estate Group 
CA Lic#