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Stacey Alysson Melman

523 N Lincoln
Monterey Park, CA, 91755
$2,980,000
12 Beds
7 Baths
5,293 SqFt
0.39 Acres
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MLS #WS26234770 image #0
Prime Monterey Park Investment Opportunity! Ideally situated in the heart of Monterey Park, just minutes from the Garfield Avenue and I-10 Freeway interchange, this exceptional income property offers a rare combination of location, scale, and value-add potential. The property features four separate buildings with five units, including two 3 bedroom, 2 bath and three 2 bedroom, 1 bath units, providing a versatile unit mix appealing to a broad range of tenants. Expansive 17,172 square foot lot with approximately 5,293 square feet of building area offers impressive scale and potential for long-term value appreciation. A total of 12 parking spaces and Four garages provides exceptional parking convenience. All five units are individually metered for gas and electricity, offering added convenience for utility management. Zoned R3, the property may offer future multi-unit development potential, subject to city regulations and approvals. Current rents are below market, presenting an estimated rental upside of over 30% and an excellent opportunity to increase income through strategic rent adjustments. The property underwent seismic retrofitting in 2011. With its expansive lot, versatile five-unit configuration, and significant rental upside, this is a compelling value-add investment with exceptional potential. Don’t miss this rare opportunity to unlock the full value of a high-potential income property in one of Monterey Park’s most desirable locations!
AGENT: CINDY JIE
LISTING BROKERAGE: Pinnacle Real Estate Group
523 N Lincoln
Monterey Park, CA

Property Details

Price:
$2,980,000
MLS #:
WS26234770
Status:
Active
Beds:
12
Baths:
7
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
641montereypark
Listed Date:
Nov 1, 2026
Finished Sq Ft:
5,293
Lot Size:
17,177 sqft / 0.39 acres (approx)
Year Built:
1957
641 – Monterey Park641montereyparkAlhambraMark KeppelNeighborhood
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Schools

School District:
Alhambra
High School:
Mark Keppel

Interior

Appliances
Gas Cooktop, Gas Range, Gas Oven
Bathrooms
7 Full Bathrooms
Cooling
Wall/Window Unit(s)
Laundry Features
Laundry Room, Outside
Levels
Two
Main Level Bathrooms
7
Main Level Bedrooms
12

Exterior

Attached Garage YN
1
Common Walls
No Common Walls
Community Features
Suburban
Covered Spaces
5
Garage Spaces
5
Lot Features
2-5 Units/Acre
Parking Spots
5
Parking Total
5
Roof
Shingle
Stories
2
View
Neighborhood

Financial

Map

Community

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