318 South Lincoln Avenue

Monterey Park, CA 91755

$1,750,000
Price
6
Beds
6
Baths
3,054 Sq. Ft.
$573 / Sq. Ft.
3,054
Sq. Ft.
$573
per Sq. Ft.

Description

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,...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!
  1. Listed by Yuan Le • DRE #01947274 • Brokerage DRE #02201099 • Ricky&Jessie Realty • 213-249-3255
  2. Listed by Ricky Lee • DRE #01932116 • Brokerage DRE #02201099 • Ricky&Jessie Realty

Property Details for 318 South Lincoln Avenue

Parking Spaces Total
3
Private Pool
No
Cooling Type
Central Forced Air
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3054
Assessor Parcel Number
5257-020-058

Location

Listing Courtesy of Ricky&Jessie Realty, Yuan Le, DRE #01947274; Ricky&Jessie Realty, Ricky Lee, DRE #01932116
Add your commute
LISTING UPDATED: 04/15/2024 11:29 PM

Property Details for 318 South Lincoln Avenue

StatusActive
MLS #TR24074240
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.27 AC / 11,725 SF
CountyLos Angeles County

Location

Listing Courtesy of Ricky&Jessie Realty, Yuan Le, DRE #01947274; Ricky&Jessie Realty, Ricky Lee, DRE #01932116
Add your commute

Building Information for 318 South Lincoln Avenue

Stories2Residences-Year Built1973Building Size-Lot Size0.27 AC / 11,725 SF

Payment Calculator

$9,550 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 318 South Lincoln Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $90,000
  • Net Operating Income: $45,515
Expense Details
  • Operating Expense: $0
  • Gardener Expense: $0
  • Fuel Expense: $60
  • Electric Expense: $265
  • Insurance Expense: $2,000
  • Trash Expense: $0
  • Water Sewer Expense: $400
  • Total Expenses: $2,725
Tax / Assessment Info
  • Tax Tract Number: 1
  • Tax Census Tract: 4822.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 1
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: Front door
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,770
  • Unit Type Total Rent: $1,770
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 318 South Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 318 South Lincoln Avenue

This home is within Alhambra Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ynez Elementary School
PublicK to 8

Mark Keppel High School
Public9 to 12

Independence High (Alternative) School
Public9 to 12

Century High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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318 South Lincoln Avenue is a multi-family home for sale in Monterey Park, CA 91755. This property was listed for sale on April 14, 2024 by Ricky&Jessie Realty, it's currently listed at $1,750,000. This listing's school district is Alhambra Unified School District. Nearby schools include Ynez Elementary School, Mark Keppel High School and Independence High (Alternative) School. 318 South Lincoln Avenue is a 6-bed, 6-bath, 3,054 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ricky&Jessie Realty, Yuan Le, DRE #01947274; Ricky&Jessie Realty, Ricky Lee, DRE #01932116

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.