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New Listing
$2,980,000
 $15,997 est/mo Sourced by Back At You

523 N Lincoln,Monterey Park, CA 91755

Monterey Park, CA 91755

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Description

Prime Monterey Park Investment Opportunity! Ideally situated in the heart of Monterey Park, just minutes from the Garfield Avenue and I-10 Freeway interchange, this exceptional income property offers a rare combination of location, scale, and value-add potential. The property features four separate buildings with five units, including two 3 bedroom, 2 bath and three 2 bedroom, 1 bath units, providing a versatile unit mix appealing to a broad range of tenants. Expansive 17,172 square foot lot with approximately 5,293 square feet of building area offers impressive scale and potential for long-term value appreciation. A total of 12 parking spaces and Four garages provides exceptional parking convenience. All five units are individually metered for gas and electricity, offering added convenience for utility management. Zoned R3, the property may offer future multi-unit development potential, subject to city regulations and approvals. Current rents are below market, presenting an estimated rental upside of over 30% and an excellent opportunity to increase income through strategic rent adjustments. The property underwent seismic retrofitting in 2011. With its expansive lot, versatile five-unit configuration, and significant rental upside, this is a compelling value-add investment with exceptional potential. Don't miss this rare opportunity to unlock the full value of a high-potential income property in one of Monterey Park's most desirable locations!

Details

MLS #WS26229686
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1957
Days On Site5
Listing Provided ByPinnacle Real Estate Group | CINDY JIE

Features

SQ Feet5,293
Story(s)2
Units5
Building(s)4
Acreage0.39

Exterior

RoofShingle
Lot FeaturesTwo To Five Units Acre

Utilities

UtilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available
ElectricElectricity On Property, Standard

Area Information

StateCA
CountyLos Angeles
CityMonterey Park
Zip Code91755
Area641 Monterey Park
Listing VS Median (in 91755)
Price:
$2,980,000
low | high
Med:
$889,998
100% of Average
sqft:
5,293
low | high
Med:
1,431
100% of Average
$ / sqft:
$563
low | high
Med:
$622
39.532372490256% of Average
On site:
5
low | high
Med:
107.5
4.651162790698% of Average
Sourced by Back At You

Market Activity 91755

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Learn More About This Property

David Snyder

David Snyder

Desert Lifestyle Properties

01165364 (760) 567-3947davepsrealtor@gmail.com
StateCA
CountyLos Angeles
CityMonterey Park
Zip Code91755
Area641 Monterey Park
Listing VS Median (in 91755)
Price:
$2,980,000
low | high
Med:
$889,998
100% of Average
sqft:
5,293
low | high
Med:
1,431
100% of Average
$ / sqft:
$563
low | high
Med:
$622
39.532372490256% of Average
On site:
5
low | high
Med:
107.5
4.651162790698% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.235M - $3.725M
sqft: 3,500 - 6,500
Nearby Listings Property ImageNearby Listings Details
523 N Lincoln Property Photo 1
$2,980,000
523 N Lincoln
Monterey Park, CA 91755
Listing Updated: October 23, 2026 at 10:05:17 AM PDT