16 days on rocket

318 S Lincoln Ave, Monterey Park, CA, 91755

$1,750,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
6 Full Baths
3,054 SqFt
$573/SqFt
House
Schools Nearby

Location

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318 S Lincoln Ave, Monterey Park$1,750,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage3 spaces
Year Built1973
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewNone
MLS #TR24074237
Lot Size0.27 Acres
StatusActive

About 318 S Lincoln Ave

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!

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Stories: 2
  • Living Area: 3,054 SqFt

Listing Office:

  • Office Name: Ricky&Jessie Realty
  • Office Phone: (213) 249-3255
  • Listing Agent: Yuan Le

Interior Features

Interior Information:

  • Interior: All Bedrooms Up, All Bedrooms Down
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Mark Keppel High School, Public District Grades 9-12
  • Ynez Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: E Newmark and S Lincoln

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,750,000
  • Price Per SqFt: $573/SqFt
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Housing Market Comparison

See how this home compares to others in Monterey Park, CA.

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Monterey Park, CA

City

Med. Sold Price

$858K

Med. Price/SqFt

$564

Avg. Days On Market

25

# of Sold Homes

23

318 S Lincoln Ave vs Monterey Park

16 DAYS ON ROCKET

-9 Days

$1,750,000

+$892K More

$573/SqFt

+$8 More

KEY TAKEAWAY

This property is $892K more than the Median Sold Price and $8/SqFt more than other homes in Monterey Park, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #TR24074237

Listing Office:

  • Office Name: Ricky&Jessie Realty
  • Office Phone: (213) 249-3255
  • Listing Agent: Yuan Le

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 3:20:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$8,802

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-4226084
7
/10

  • Ynez Elementary School

  • 120 S Ynez Ave

  • 0.45 miles

  • Public District Grades KG-8

High School

school-card-donut-4226085
9
/10

  • Mark Keppel High School

  • 501 E Hellman Ave

  • 0.84 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,174. The most common annual income of people living in Monterey Park, CA is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 318 S Lincoln Ave

What is the listing price of this property?

The listing price of 318 S Lincoln Ave property is $1,750,000.

What type of property is this?

The property 318 S Lincoln Ave is a house located in Monterey Park, California, 91755.

Is this property for sale now?

Active Listing: 318 S Lincoln Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 318 S Lincoln Ave are:
Ynez Elementary School: GreatSchools Rating 7/10
Mark Keppel High School: GreatSchools Rating 9/10

How many bedrooms and bathrooms does this property have?

The property at 318 S Lincoln Ave has 6 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 318 S Lincoln Ave is 3,054 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 318 S Lincoln Ave is 1973.

Rocket Homes›California›Los Angeles County›Monterey Park›91755›318 S Lincoln Ave

This home is located at 318 S Lincoln Ave in Monterey Park, CA and zip code 91755 in the The San Gabriel Valley neighborhood. This 3,054 square foot home, which was built in 1973, sits on a 0.27 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $1,750,000.

In March 2024, from all listings sold in Monterey Park, CA there were more than 13 sold above asking price, over 8 sold below and more than 2 were sold right at the asked price. In March 2024 in Monterey Park, CA there were 5.6% less homes for sale than in February 2024. Listings spent 25 days on the market in March 2024, and had a median list price of $858,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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