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Fourplex Residential Income Property

322-324 S Lincoln Place Monrovia, CA 91016

322-324 S Lincoln Place, Monrovia, CA, 91016
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Well-maintained 1954 four-plex arranged as two buildings with private outdoor space and dedicated unit storage.

Property Size3,120 SF
Price / SF$506.41
AddedJul 7
Days on Market9
Last RefreshJul 11 at 2:52 am

Property Features for 322-324 S Lincoln Place

General Information

Standard status
Active
Size
3,120 SF
Property subtype
Multifamily

Listing office Berkshire Hathaway Home Servic

Listing date Jul 7, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Home Servic


Investment Insights

Based on property information with market context.

Built in 1954, this well-maintained four-plex is arranged as two separate buildings, each containing two residences. Mature landscaping, garden paths, and private outdoor spaces help define the setting, with views toward the surrounding foothills. The two front units are one-bedroom, one-bath residences with an inviting living room, spacious kitchen, generous bedroom, and an updated bath. The rear building offers two larger homes: the lower unit includes an oversized living room, in-unit laundry, and a remodeled kitchen with recessed lighting, granite countertops, and a breakfast nook, plus a private deck and patio accessed through a large glass door. The upstairs residence features three bedrooms and two baths, generous living and dining spaces, remodeled bathrooms, an updated kitchen, central heat and air, and foothills views.

Three of the four units have off-street parking, and the property’s three original one-car garages have been converted into storage lockers, providing dedicated storage space for each unit.

The offering at 322–324 S Lincoln Place, Monrovia, includes updates and long-term care across the property’s interiors and shared outdoor setting.

Key Highlights

  • 1954 four‑plex built as two separate buildings with 4 residences and approximately 3,120 SF
  • Front units: two bright 1‑bedroom, 1‑bath residences with living room, spacious kitchen, generous bedroom, and updated bath
  • Rear lower unit: remodeled kitchen with recessed lighting and granite countertops, in‑unit laundry, and private deck and patio

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $84.2k $27.00
− Vacancy −$6.4k −$2.05
EGI $77.8k $24.95
− OpEx −$23.4k −$7.48
NOI $54.5k $17.46
3,120 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$778.4K
$681.1K – $908.1K (±1% cap)
NOI $54,486 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$717.2K
$627.5K – $836.7K (±1% cap)
NOI $50,203 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M (±1% cap)
NOI $116,931 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Grocery & Convenience Store Food Market (Bike/Boat/Book/etc) Store Daycare Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Catering Service (Bike/Boat/Book/etc) Store Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Well-maintained 1954 four-plex arranged as two buildings with private outdoor space and dedicated unit storage.
Where is this quadplex located?
The property is located at 322-324 S Lincoln Place Monrovia, CA.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: 1954 four‑plex built as two separate buildings with 4 residences and approximately 3,120 SF; Front units: two bright 1‑bedroom, 1‑bath residences with living room, spacious kitchen, generous bedroom, and updated bath; Rear lower unit: remodeled kitchen with recessed lighting and granite countertops, in‑unit laundry, and private deck and patio
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