Monterey Park Homes with Mixed Use Subtype

Monterey Park Homes with Mixed Use Subtype

Welcome to Monterey Park, a vibrant city nestled in the heart of Los Angeles County, California. Known for its rich cultural diversity and thriving community, Monterey Park offers a unique blend of suburban charm and urban convenience. Just a short drive from downtown Los Angeles, this city boasts an array of amenities, including beautiful parks, top-rated schools, and a variety of dining options that reflect its multicultural heritage.

One of the standout features of Monterey Park is its diverse real estate market, particularly homes with a mixed-use subtype. These properties provide an incredible opportunity for homeowners and investors alike, combining residential living with commercial potential. Imagine having your home and business under one roof, allowing for a seamless lifestyle that embraces both work and leisure. Whether you’re looking to run a small retail shop, a cozy café, or simply enjoy the flexibility of a live-work space, Monterey Park's mixed-use homes offer the perfect canvas for your entrepreneurial dreams.

The city’s strategic location enhances its appeal, with easy access to major freeways and public transportation, making commutes to nearby cities a breeze. Additionally, the welcoming community and local events foster a sense of belonging, making Monterey Park not just a place to live, but a place to thrive.

Explore the possibilities that await in Monterey Park, where your dream home and business venture can flourish together in this dynamic and inviting city. Discover the charm of mixed-use living today and become a part of this exceptional community!

Newest Monterey Park 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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