This gorgeous PUD is located in a prime area of Monterey Park. It features 4 bedrooms and 4 bathrooms including 3 Master-suites. One bedroom and one full bathroom at the first level. 3-car garage and a huge private backyard.
Courtesy: Ricky&Jessie Realty
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!
Courtesy: IDEAL REALTY
Monterey Park is located in California. Monterey Park, California 91755has a population of 61,056. Monterey Park 91755 is less family-centric than the surrounding county with 26.16% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Monterey Park, California 91755 is $55,117. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Monterey Park 91755 is 44.7 years.
The average high temperature in July is 88.7 degrees, with an average low temperature in January of 47.4 degrees. The average rainfall is approximately 20.1 inches per year, with 0 inches of snow per year.
