Monterey Park (641) Homes with Mixed Use Subtype

Monterey Park (641) Homes with Mixed Use Subtype

Welcome to Monterey Park, California—a vibrant community nestled in the heart of Los Angeles County that perfectly blends suburban charm with urban convenience. Known for its rich cultural diversity and thriving local economy, Monterey Park is a hidden gem that offers a unique lifestyle for both families and professionals alike.

In Monterey Park, you'll find a delightful array of homes with a mixed-use subtype, allowing residents to enjoy the benefits of living and working in the same space. This innovative housing option is perfect for entrepreneurs, artists, or anyone looking to maximize their living environment. Imagine waking up in your beautifully designed apartment, stepping into your own creative studio or business space, and then taking a leisurely stroll to one of the many nearby parks or cafes to unwind.

The city boasts a strong sense of community, with numerous events and festivals that celebrate its rich heritage. Residents can enjoy the local farmer's market, explore the diverse culinary scene, or take advantage of the excellent schools and recreational facilities.

Monterey Park is also conveniently located near major freeways and public transportation, making it easy to access downtown Los Angeles and beyond. With its ideal blend of residential comfort and commercial opportunity, Monterey Park is a fantastic choice for those looking to invest in a dynamic lifestyle. Discover your new home in this flourishing community where the possibilities are endless!

Newest Monterey Park (641) Homes with Mixed Use Subtype

523 N Lincoln, Monterey Park
$2,980,000
WS26227750 MLS ⋅ Active Status
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!

523 N Lincoln, Monterey Park

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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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