5-Unit Apartment
New
For Sale
$2,980,000
523 N Lincoln, Monterey Park, CA 91755
Monterey Park, CA
Property Size5,293 SF
Lot Size0.39 Acres
Price / SF$563.01
Days on Market4
Property Features for 523 N Lincoln
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
12
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 5, Bedroom 12, Bathroom 7, Bedroom 6, Bedroom 4, Bedroom 9, Bedroom 11, Laundry Room, Bathroom 1, Bathroom 4, Bathroom 6, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 8, Bedroom 7, Bedroom 2, Bedroom 10, Bathroom 3, Bathroom 5
Parking
5
Lot features
2-5 Units/ Acre
Directions
Close to N Garfield Ave and E Hellman Ave crossing street
Subdivision
641 - Monterey Park
Standard status
Active
APN
5255011012
Lot size
0.39 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1957
Floors in Building
2
Number of units
5
Buildings
4
Listing Agency:
Pinnacle Real Estate Group
(626) 888-9808
Listed By:
CINDY JIE · License #02053015
(626) 216-4228
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:06AM
MLS# WS26227750
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on a 0.3943-acre parcel in Monterey Park, this apartment property comprises four buildings and five units. The mix includes two three-bedroom, two-bath residences and three two-bedroom, one-bath residences. The property was built in 1957 and received seismic retrofitting in 2011. R3 zoning is identified for the site.
On-site parking includes 12 spaces and three garages. Each unit has separate gas and electric meters. The property is near Garfield Avenue and the I-10 interchange.
On-site parking includes 12 spaces and three garages. Each unit has separate gas and electric meters. The property is near Garfield Avenue and the I-10 interchange.
Key Highlights
- Five units across four separate buildings
- Unit mix: two 3‑bedroom, 2‑bath units and three 2‑bedroom, 1‑bath units
- 0.3943‑acre parcel in Monterey Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,169
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,703,380
$1.7M
Cap Rate 7%
$1,216,700
$1.2M
Cap Rate 9%
$946,322
$946.3K
Market Conditions
NOI Build-Up for 5,293 SF
Gross rent
$168.3K $31.80/SF
− Vacancy
−$13.5K −$2.54/SF
EGI
$154.9K $29.26/SF
− OpEx
−$69.7K −$13.17/SF
NOI
$85.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,703,380
Cap Rate 7%
$1,216,700
Cap Rate 9%
$946,322
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,169 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.31M
NOI $198,370 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,797
Businesses Nearby
Explore this area
Business Placement
Demographics for 91755, CA
27,637
Population
9,316
Households
3
Avg Household Size
44
Median Age
32%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
8,637
Density / Sq Mi
$74,362
Median Household Income
$37,778
Median Earnings
$1,811
Median Rent
$761,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four detached buildings include a varied bedroom mix, individual gas and electric meters, and on-site parking.
Where is this apartment building located?
The property is located at 523 N Lincoln Monterey Park, CA.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: Five units across four separate buildings; Unit mix: two 3‑bedroom, 2‑bath units and three 2‑bedroom, 1‑bath units; 0.3943‑acre parcel in Monterey Park
