Thank you
Yuan Le
Ricky&Jessie Realty
714-900-2472
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!
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1068136496 | 2 | 2 | 2 | 0 |
2 | 1068136496 | 2 | 2 | 2 | 0 |
3 | 1068136496 | 2 | 2 | 2 | 0 |
Water Source : Public
Sewer : Public Sewer
Fireplace: None
Central Air
Air Conditioning
Central
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1973
Building Area Total: 3,054
None
Inside
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2692
Lot Size Source: Assessor
Lot Size Square Feet: 11725
Original List Price: 1,750,000
Listing Contract Date: 2024-04-14
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5257020058
Lease Term: Negotiable
Tenant Pays: All Utilities
Source Listing Status: Active
Source Neighborhood: 641 - Monterey Park
Postal Code Plus 4: 3321
Directions: E Newmark and S Lincoln
Zoning: MPR2*
Source Property Type: Residential Income
Area: 641 - Monterey Park
Property SubType: Triplex
Property Age: 51
Common Walls: 1 Common Wall
Structure Type: Triplex
Year Built Source: Assessor
Entry Level: 1
Entry Location: Front door
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
313 315 N New Avenue #2, Monterey Park, CA,91755 | $2,100,000 | -- | -- | 2,566 | 15030 Sqft |
1110 E Hellman Avenue, Monterey Park, CA,91755 | $3,500,000 | -- | -- | -- | 17282 Sqft |
2011 Potrero Grande Drive, Monterey Park, CA,91755 | $1,600,000 | -- | -- | -- | 31906 Sqft |
1496 Trumbower Avenue, Monterey Park, CA,91755 | $1,080,000 | 4 | 1 | 2,251 | 6403 Sqft |
900 Village Drive, Monterey Park, CA,91755 | $1,199,880 | 2 | 2 | 1,748 | 8643 Sqft |
975 Metro Drive, Monterey Park, CA,91755 | $1,080,000 | 5 | 4 | 2,351 | 6819 Sqft |
519 S Orange Avenue #A, Monterey Park, CA,91755 | $698,000 | 3 | 2 | 1,498 | 75586 Sqft |
553 E Fernfield Drive, Monterey Park, CA,91755 | $1,150,000 | 3 | 3 | 2,055 | 9970 Sqft |
402 N Alhambra Avenue #G, Monterey Park, CA,91755 | $568,888 | 2 | 1 | 934 | 34450 Sqft |
621 N Lincoln Avenue, Monterey Park, CA,91755 | $1,088,000 | 4 | 3 | 2,013 | 51690 Sqft |
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ByOwner last updated this listing 04/29/2024 @ 13:34
MLS: TR24074240
LISTED BY: Yuan Le, Ricky&Jessie Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.25%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.