5-Unit Apartment
New
For Sale
$2,980,000
523 N Lincoln, Monterey Park, CA 91755
Four buildings offer a mix of two- and three-bedroom apartments, with garages and individual gas and electric meters.
Property Size5,293 SF
Lot Size0.39 Acres
Price / SF$563.01
Days on Market3
Property Features for 523 N Lincoln
General Information
Standard status
Active
Size
5,293 SF
Lot size
0.39 Acres
Property subtype
Commercial
Zoning
R3
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA, 3 x 2BR/1BA
Multifamily Units
5
Individually Metered Utilities
gas, electricity
Additional Details
Tenant in Place
Yes
Building Details
Building Size
5,293 SF
Year Built
1957
Buildings
4
Units
5
Listing Agency:
Pinnacle Real Estate Group
Listed By:
CINDY JIE · License #02053015
(626) 216-4228
Source:
Elliman
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 24 at 2:36PM
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 Pinnacle Real Estate Group
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Investment Insights
Based on property information with market context.
Four buildings contain five apartments: two with three bedrooms and two bathrooms, and three with two bedrooms and one bathroom. The buildings provide 5,293 square feet of area on a 17,172-square-foot lot. Parking includes 12 spaces and four garages, while each apartment has separate gas and electric meters. Built in 1957, the property underwent seismic retrofitting in 2011 and carries R3 zoning.
Located in Monterey Park, the property is minutes from Garfield Avenue and the I-10 Freeway interchange. Its walk score is 81, bike score is 51, and transit score is 37.
Located in Monterey Park, the property is minutes from Garfield Avenue and the I-10 Freeway interchange. Its walk score is 81, bike score is 51, and transit score is 37.
Key Highlights
- Five apartments across four buildings, with two 3‑bedroom/2‑bath units and three 2‑bedroom/1‑bath units
- 5,293 square feet of building area on a 17,172‑square‑foot lot
- 12 parking spaces and four garages
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four buildings offer a mix of two- and three-bedroom apartments, with garages and individual gas and electric meters.
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 apartments across four buildings, with two 3‑bedroom/2‑bath units and three 2‑bedroom/1‑bath units; 5,293 square feet of building area on a 17,172‑square‑foot lot; 12 parking spaces and four garages
