318 South Lincoln Avenue
318 South Lincoln Avenue
$1,750,000
6
6
3,054
3,054
$573
Pending
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!
- Listed by Yuan Le • DRE #01947274 • Brokerage DRE #02201099 • Ricky&Jessie Realty • 213-249-3255
- Listed by Ricky Lee • DRE #01932116 • Brokerage DRE #02201099 • Ricky&Jessie Realty
Property Details for 318 South Lincoln Avenue
View
None
Parking Spaces Total3
Private PoolNo
Cooling TypeCentral Forced Air
Total Units3.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3054
Location
LISTING UPDATED: 05/31/2024 10:49 AM
Property Details for 318 South Lincoln Avenue
Status | Pending |
---|---|
MLS # | TR24074237 |
Days on Market | 32 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Condo |
MLS Type | Residential / Single Family Residence |
Year Built | 1973 |
County | Los Angeles County |
Location
Building Information for 318 South Lincoln Avenue
Building/Complex318 S Lincoln AveFloor-Stories2Pet Policy-Year Built1973Building Size-
Payment Calculator
$9,550 per month
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Property Information for 318 South Lincoln Avenue
Property History for 318 South Lincoln Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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