523 N Lincoln Ave
Monterey Park, CA 91755
523 N Lincoln Ave · Multifamily Property For Sale
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5 Units
Property Facts
| No. Units | 5 | Lot Size | 0.39 AC |
| Property Type | Multifamily | Building Size | 5,293 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 2.27/1,000 SF |
| Zoning | MPR3* | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 5,293 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 2.27/1,000 SF |
| Zoning | MPR3* |
About 523 N LINCOLN AVE , MONTEREY PARK, CA 91755
523 N. Lincoln Avenue in Monterey Park offers a rare opportunity for an investor, developer or an owner/user to own and operate a multi-family property in a prime West San Gabriel Valley location. The 5-unit, four structure property features an ideal mix of large 2- and 3-bedroom units – 1,000 square feet on average. The improvements are spread across a 1/3+ acre lot providing ample off-street parking and plenty of living space for tenants. Monterey Park is an “A” location where multi-family properties are highly sought after but rarely trade. Owned by the same family for nearly 30 years — professionally managed for the last 10 — the property is a value-add opportunity for a new owner. Current rents are well below market and have an upside of over 30%; with rehab/upgrading of the interiors, rents might be pushed even further. In the long-run, 523 N. Lincoln is a candidate for redevelopment similar to neighboring properties.
Property Taxes
| Parcel Number | 5255-011-012 | Improvements Assessment | $669,309 |
| Land Assessment | $1,533,836 | Total Assessment | $2,203,145 |
Property Taxes
