$1,028,000
$1,080,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
512 S Lincoln AVE Monterey Park, CA 91755
3,396 SqFt
Key Details
Sold Price $1,028,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,396 sqft
Price per Sqft $302
MLS Listing ID WS13138814
Sold Date 11/08/13
Construction Status UpdatedRemodeled
HOA Y/N No
Year Built 1946
Tax Year 2012
Lot Size 9,757 Sqft
Acres 0.224
Property Description
Clean and Well Maintained Income Property located minutes away from restaurants and public transportation. Centrally located between the 60 and 10 FWy. This property has been well taken care of...new paint, new roof, parts of the driveway has recently been re-paved for proper drainage, and ALL UNITS have NEW KITCHEN and BATHROOM(S)!! Great tenant and landlord relationship. Coin Operated laundry room on site with separate meters. Very low maintenance, some grass in the front and back of the lot. Top unit (A) has a spectacular view of the mountains and city lights.. Rents are not at it's potential, there is a lot of room to grow. In Alhambra Unified School District. MUST SEE TO APPRECIATE! CAP RATE Potentially at 5.5% **Drive by Only...Please refrain from speaking with the tenants and do not walk on property**
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR2YY
Rooms
Other Rooms GuestHouse
Ensuite Laundry CommonArea, WasherHookup
Interior
Interior Features BlockWalls
Laundry Location CommonArea,WasherHookup
Heating Central
Cooling CentralAir
Flooring Carpet
Fireplaces Type BonusRoom, Den
Fireplace Yes
Laundry CommonArea, WasherHookup
Exterior
Garage Garage, SharedDriveway
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features StreetLights
Utilities Available SewerConnected
View Y/N Yes
View Mountains, Neighborhood
Roof Type Shingle
Parking Type Garage, SharedDriveway
Total Parking Spaces 7
Private Pool No
Building
Faces West
Story 2
Entry Level Two
Foundation Slab
Water Private
Architectural Style Contemporary
Level or Stories Two
Additional Building GuestHouse
Construction Status UpdatedRemodeled
Others
Senior Community No
Tax ID 5257019010
Acceptable Financing Cash, CashtoNewLoan, Conventional, Item1031Exchange
Listing Terms Cash, CashtoNewLoan, Conventional, Item1031Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with STEPHEN CHAN • G E PROPERTY MANAGEMENT