Monterey Park (641) Homes with Mixed Use Subtype

Monterey Park (641) 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 welcoming community, Monterey Park offers a unique blend of residential charm and bustling commercial opportunities. With its strategic location just minutes from downtown Los Angeles, residents enjoy the perfect balance of suburban tranquility and urban convenience.

One of the standout features of Monterey Park is its mixed-use properties, which cater to a variety of lifestyles and business needs. These homes with a mixed-use subtype are ideal for entrepreneurs and families alike, allowing for a seamless integration of living and working spaces. Imagine stepping out of your beautifully designed home and down to your own café or boutique—this community-centric approach to real estate fosters a vibrant neighborhood atmosphere.

Monterey Park is not just about homes; it’s about a lifestyle. The city boasts a plethora of parks, recreational facilities, and top-notch schools, making it an attractive destination for families. The local dining scene is a culinary adventure, reflecting the city’s diverse heritage with an array of authentic eateries and trendy cafes.

With its picturesque tree-lined streets and a strong sense of community, Monterey Park is more than just a place to live; it’s a place to thrive. Explore the potential of mixed-use homes in this dynamic city, where your dreams of a home and business can flourish together. Whether you’re looking to invest or settle down, Monterey Park awaits with open arms and endless possibilities.

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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