318 S Lincoln Avenue
Monterey Park, CA, 91755 $ 1,750,000
Bedrooms6 Baths6.0 Sq 3,054 Monthly Estimate*
$ 12,224
Listed by Ricky&Jessie Realty
for $1,750,000 with 6 bedrooms and 6 full baths. This 3,054 square foot home was built in 1973 on a lot size of 0.2692.
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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FeaturesGeneralInterior Features AllBedroomsUp AllBedroomsDown
Sewer PublicSewer
Heating Central
Cooling CentralAir
Zoning MPR2*
HOA 0.0
Garage Spaces 3.0
Pool Features None
Year Built 1973
View None
Stories 2
Levels Two
Property SubType SingleFamilyResidence
Community Features StreetLights
County Los Angeles
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage Y
Contingency Please only look vacant unit do not bother other units’ tenants.
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions E Newmark and S Lincoln
City Monterey Park
Entry Location Front door
View Y/N N
Senior Community Y/N N
High School District Alhambra
Total Units 3
MLS Area 641 - Monterey Park
Lot Size Square Feet 11725.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Lincoln
Listing Terms Cash CashtoNewLoan
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 14
Structure Type House
Standard Status Active
Occupancy Description Tenant
Year Built Source Assessor
Tax Lot 1
Property Sub Type Additional SingleFamilyResidence
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ExteriorLot Features Item610UnitsAcre
Water Source Public
Total Parking 3.0
Lot Size Area 11725.0
Spa N
Lot Size Acres 0.2692
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFireplace Features None
Total Stories 2
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 6
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Laundry Features Inside
Total Bedrooms 6
Entry Level 1
Electric On Property Y/N N
Main Level Bedrooms 4
Main Level Bathrooms 4
Total Baths 6
Living Area Units SquareFeet
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* Excluded FeaturesList ByRicky&Jessie RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $12,224
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Monterey Park, CA
Average List Price $1,025,734
Percent of Sale Price 41%
About Monterey Park, CA 61,934 Population
3% Since 2002
$ 56,710 Median Income
43.9 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4338715 Elementary School
4339173 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/15/2024 | $1,750,000 | | Listed Price |