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318 S Lincoln Ave #A, Monterey Park, CA 91755
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318 S Lincoln Ave #A Monterey Park, CA 91755

$1,750,000
  • 6 Beds
  • 6 Baths
  • 3,054 Sq.Ft.
For Sale
$1,750,000 Get Pre-Qualified
Map preview of 318 S Lincoln Ave #A, Monterey Park, CA 91755

Property Overview: 318 S Lincoln Ave #A Monterey Park, CA has 6 bedrooms, 6 bathrooms, 3,054 living square feet and 11,725 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 | BRE #01947274 | Ricky&Jessie Realty
Co-listed by Ricky Lee | BRE #01932116 | Ricky&Jessie Realty
Last checked: 7 minutes ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
11,725
HOA Dues
$0/mo
Year built
1973
Garage
3 Car
Property Type:
Single Family Home
Status
Active
MLS#
TR24074237
City
Monterey Park
County
Los Angeles
Time on Site
15 days

Open Houses for 318 S Lincoln Ave #A

No upcoming open houses

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Property Details for 318 S Lincoln Ave #A

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Downstairs Bedrooms: 4
  • Downstairs Bathrooms: 4
  • All Bedrooms Down, All Bedrooms Up
Bathroom Information
  • # of Baths (Full): 6
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Attached Garage
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5257020058
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Alhambra
Location / Neighborhood
Location Information
  • Directions: E Newmark and S Lincoln
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Monterey Park Agent

Sale History for 318 S Lincoln Ave #A

Last sold for $975,000 on February 11th, 2014

  • April, 2024

  • Apr 15, 2024

    Date

    Withdrawn

    CRMLS: TR24035915

    $1,750,000

    Price

  • Feb 25, 2024

    Date

    Active

    CRMLS: TR24035915

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    CAP can be 3.76%! 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!

  • April, 2024

  • Apr 15, 2024

    Date

    Withdrawn

    CRMLS: TR24058600

    $1,750,000

    Price

  • Mar 24, 2024

    Date

    Active

    CRMLS: TR24058600

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    CAP can be 3.76%! 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!

  • April, 2024

  • Apr 14, 2024

    Date

    Active

    CRMLS: TR24074237

    $1,750,000

    Price

  • February, 2014

  • Feb 11, 2014

    Date

    Sold (Public Records)

    Public Records

    $975,000

    Price

  • November, 2012

  • Nov 28, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 318 S Lincoln Ave #A

Assessed Value (2020): $1,092,867
Year Land Value Improved Value Assessed Value
2020 $672,534 $420,333 $1,092,867

Home Value Compared to the Market

This property vs the competition

318 S Lincoln Ave #A is listed 116.05% higher than the median list price for the city of Monterey Park which has a median list price of $810,000. The median price per/sqft for Monterey Park is $626 and this home is listed at $573.02 per/sqft which puts the price per square foot 8.46% lower than the median price per square foot for the city of Monterey Park.

About 318 S Lincoln Ave #A

Detailed summary of property

318 S Lincoln Ave #A is a single family home located in Monterey Park, CA 91755 and is currently for sale. This house offers 6 bedrooms, 6 bathrooms, roughly 3,054 living square feet, and sits on an approximately 11,725 square foot lot. 318 S Lincoln Ave #A was first listed on ArdentRealEstateGroup.com on April 15, 2024. The homeowner is currently asking $1,750,000. The median priced home in Monterey Park is $810,000 with a median price per square foot of $626. Based on Ardent Real Estate Group's Monterey Park Market Data, this home is listed 116.05% higher than the median priced home. Local competing homes currently for sale include 930 N Staley Ln, 2720 Diana St and 153 S Hudson Avenue Unit#402. While the average home in Monterey Park, CA is selling in 62 days, 318 S Lincoln Ave #A has a days on market of 16 days. There are currently 64 homes for sale in the Monterey Park real estate market and 33 of them are single family homes while 24 of them are condos and 7 are townhomes. For more information on this home for sale at 318 S Lincoln Ave #A Monterey Park, CA 91755 contact Ardent Real Estate Group and we will put you in touch with one of our Monterey Park agents.

Public Facts for 318 S Lincoln Ave #A

Public county record property details
Beds
6
Baths
6
Year built
1973
Sq. Ft.
3,054
Lot Size
11,725
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5257-020-058

The source for these homes facts are from public records.

91755 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,080,000
Median List Price/Sq.Ft.
$560
Median Sold Price
$1,070,000
Median Sold Price/Sq.Ft.
$521
Total Inventory
17
Median Sale to List Price %
118.9%
Avg Days on Market
22
Loan Type
Conventional (83.33%), FHA (0%), VA (0%), Cash (16.67%), Other (0%)

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Monterey Park Agent
Call, Text or Message
(714) 706-1823
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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