Five-Unit Multifamily
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 Market2
Property Features for 523 N Lincoln
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
12
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bathroom 5, Bedroom 11, Bathroom 1, Bathroom 6, Bedroom 10, Laundry Room, Bedroom 9, Bedroom 5, Bathroom 3, Bedroom 6, Bathroom 4, Bedroom 2, Living Room, Bedroom 3, Bedroom 1, Bedroom 12, Bathroom 7, Bedroom 4, Bedroom 8, Bedroom 7
Parking
5
Appliances
Gas Cooktop, Gas Range, Gas Oven
Lot features
2-5 Units/ Acre
High school
Mark Keppel
Elementary school district
Alhambra
Middle school district
Alhambra
High school district
Alhambra
Directions
Close to N Garfield Ave and E Hellman Ave crossing street
Subdivision
641 - Monterey Park
Standard status
Active
APN
5255011012
Size
5,293 SF
Lot size
0.39 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, electricity
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1957
Floors in Building
2
Number of units
5
Roof type
Shingle
Buildings
4
Listing Agency:
Pinnacle Real Estate Group
(626) 888-9808
Listed By:
CINDY JIE · License #02053015
(626) 216-4228
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:06AM
MLS# WS26234770
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 17,172-square-foot lot, this multifamily property comprises 5 units across 4 buildings, with 5,293 square feet of building area. The unit mix includes two 3-bedroom, 2-bath residences and three 2-bedroom, 1-bath residences. The property was built in 1957 and received seismic retrofitting in 2011. Parking includes 12 spaces and 4 garages.
The site is at 523 N Lincoln in Monterey Park, near the Garfield Avenue and I-10 interchange. It is zoned R3. Each residence has an individual gas and electric meter. Public water and sewer serve the property, and water is available. Building features include shingle roofing, window or wall/window cooling, and gas cooking equipment.
The site is at 523 N Lincoln in Monterey Park, near the Garfield Avenue and I-10 interchange. It is zoned R3. Each residence has an individual gas and electric meter. Public water and sewer serve the property, and water is available. Building features include shingle roofing, window or wall/window cooling, and gas cooking equipment.
Key Highlights
- 5 units in 4 separate buildings on a 17,172‑square‑foot lot
- Unit mix: two 3‑bedroom, 2‑bath residences and three 2‑bedroom, 1‑bath residences
- 5,293 square feet of building area
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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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?
Multifamily property - Four buildings contain a mix of two- and three-bedroom residences, each with separate gas and electric meters.
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: 5 units in 4 separate buildings on a 17,172‑square‑foot lot; Unit mix: two 3‑bedroom, 2‑bath residences and three 2‑bedroom, 1‑bath residences; 5,293 square feet of building area
