318 South Lincoln AvenueMonterey Park, California91755United States
$1,750,000
Residential Income
1 of 20
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Welcome to 318 and 320 S Lincoln Ave. Discover an exceptional investment opportunity in the highly desirable area of Monterey Park! This property comprises three units, each featuring 2 bedrooms and 2 bathrooms: unit 318A and 318B offer...
$1,750,000
.2692 Acres
Exterior
Residential Income
Property type
1973
Year Built
TR24074240
Web Id
TR24074240
MLS ID
Alhambra Unified
School District
19
days ago
About 318 South Lincoln Avenue
Welcome to 318 and 320 S Lincoln Ave. Discover an exceptional investment opportunity in the highly desirable area of Monterey Park! This property comprises three units, each featuring 2 bedrooms and 2 bathrooms: unit 318A and 318B offer approximately 1,100 sqft, while unit 320 provides approximately 800 sqft, all nestled on a generous 11,725 sqft FLAT lot.The front house consists of two units, 318A and 318B, each boasting its own private courtyard, laundry facilities, and water heater. Additionally, there's a third unit resides above the detached garage. The property also boasts an expansive backyard with potential for additional units, or re-development, buyer to verify.Currently, Unit 318A and 318B are tenant-occupied at $1,770 and $2,250 per month respectively, while the back unit is vacant, with a market rent potential of $2,500. Each unit comes with 2 outdoor parking spaces, with the garage spaces currently utilized by the owner.Tenants are responsible for their own utilities (water/trash, electricity, gas, internet), while the owner covers common area utilities (water/trash/electricity/gas) and gardening services. The property is equipped with 4 gas meters, 4 electric meters, 3 sub water meters, and 1 master water meter.New upgrades include AC, windows and water heaters. Additionally, back unit has been freshly painted after being recently vacated.Buyers are encouraged to verify all permits and explore the lot's development potential with the city. Conveniently located with easy access to schools, shopping centers, highways and recreational parks. Don't miss out on the incredible opportunity to own this GEM in Monterey Park!
Listing Courtesy of Ricky&Jessie Realty, Email/Phone : 213-249-3255
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
features
cooling
Central Heat, Propane Heating, Central Air
Parking
Garage
PROPERTY INFORMATION
Community Info
StreetLights
Cooling
CentralAir
Garage Info
3
Heating
Central
Sewer
PublicSewer
Water
Public
EXTERIOR
Lot Description
Item610UnitsAcre
ADDITIONAL INFORMATION
Number of Units
3
Listing Courtesy of Ricky&Jessie Realty, Email/Phone : 213-249-3255