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Nancy DuShane-Bank
FOR SALE
$1,750,000

318 S Lincoln Avenue
Monterey Park, CA 91755

Single Family
Residential
6
Beds
6
Baths
3,054
Sq. Ft.
0.2692
Acre Lot
Listing Agent: Yuan Le - Ricky&Jessie Realty, 213-249-3255; jessie.yuanle@gmail.com
Home> California> Monterey Park> 91755
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!
TR24074237
Residential - Single Family, 2 Story
6
6 Full
1973
Los Angeles
0.2692 Acres
Public
2
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Listing Agent: Yuan Le - Ricky&Jessie Realty, 213-249-3255; jessie.yuanle@gmail.com
Licensed in: DRE# 01947274
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Based on information from CRISNet MLS as of 5/18/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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