523 N Lincoln Avenue

    Monterey Park, CA 91755
    • $2,125,000
    • STATUS: Active Under Contract
    • ON SITE: 50 days
    • MLS #: 18411844
    Under Contract
    UPDATED: 44 min ago
    $2,125,000
    • 12
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,293
      SQFT
    • $401
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    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**

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    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Wasserman. Based on information from the California Desert Association of Realtors as of 2019-01-19T13:35:51.12. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.teamwasserman.com/homes/89751788

    523 N Lincoln Avenue Monterey Park, CA 91755

    • Price: $2,125,000
    • Status: Active Under Contract
    • Updated: 44 min ago
    • MLS #: 18411844
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    5,293
    SQFT
    $401
    $/SQFT
    1957
    Built
    Neighborhood:
    Monterey Park
    County:
    Los Angeles
    Area:
    Monterey Park
    Property Description
    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**
    Exterior Features

    Carport Or Covered Spaces 0 Pool No Total Other Spaces 0 Total Parking Spaces 12

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 7.00 Entry Level 0

    Property Features

    Act Total Rent 0.00 Adj Gross Income 99691.00 Annual Gross Rent 0.00 Annual Land Lease Amount 0.00 Disclosures Property As Is Green Year Certified 0 Gross Annual Income 0.00 Gross Operating Inc 96700.00 Gross Schedule Inc 0.00 Lot Size Source (Other) MLS Claw Mls Monthly Gross Income 0.00 Net Operating Inc 52712.00 Number Of Buildings 4 Operating Expenses 0.00 Property Subtype Residential Income Realtor Association Palm Springs Assocation Of Realtors Sale Type Standard Sale Square Footage Source Assessor Tax Rate 0.00 Total Annual Op Exp 43988.00 Total Taxes 0.00

    Listing information © 2019 California Desert Association of Realtors.
    Listing provided courtesy of David Harrington of Matthews Real Estate Investment Services.
    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Wasserman. Based on information from the California Desert Association of Realtors as of 2019-01-19T13:35:51.12. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Team Wasserman
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    La Quinta CA, 92253