5-Unit Apartment
For Sale
$2,980,000
523 N Lincoln, Monterey Park, CA 91755
Commercial Sale, Monterey Park, CA
Property Size5,293 SF
Lot Size0.39 Acres
Price / SF$563.01
Days on Market15
Property Features for 523 N Lincoln
General Information
Property type
Commercial Sale
Property subtype
Other
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
Tenant in Place
Yes
Individually Metered Utilities
gas, electricity
Building Details
Year built
1957
Buildings
4
Listing Agency:
Pinnacle Real Estate Group
(626) 888-9808
Listed By:
CINDY JIE · License #02053015
(626) 216-4228
Added: Oct 23
Changed: Nov 2
Last Checked: Nov 6 at 1:06PM
MLS# WS26229686
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.
The property comprises five residences across four separate buildings, with two three-bedroom, two-bath units and three two-bedroom, one-bath units. The buildings contain approximately 5,293 square feet on a 17,172-square-foot lot. Four garages and 12 parking spaces serve the property, and each unit has separate gas and electric metering. Seismic retrofitting was completed in 2011.
Located in Monterey Park, the property is near the Garfield Avenue and I-10 interchange. R3 zoning is designated for the site.
Located in Monterey Park, the property is near the Garfield Avenue and I-10 interchange. R3 zoning is designated for the site.
Key Highlights
- Five units across four separate buildings
- Two 3‑bedroom, 2‑bath units and three 2‑bedroom, 1‑bath units
- Approximately 5,293 square feet of building area on a 17,172‑square‑foot lot
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
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
Properties on Market for Multifamily properties in Monterey Park
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four detached buildings provide individually metered gas and electricity for each residence.
Where is this multifamily property 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; Two 3‑bedroom, 2‑bath units and three 2‑bedroom, 1‑bath units; Approximately 5,293 square feet of building area on a 17,172‑square‑foot lot
