Monterey Park (641) Homes with Mixed Use Subtype

Monterey Park (641) Homes with Mixed Use Subtype

Welcome to Monterey Park, California—a vibrant city nestled in the heart of Los Angeles County, where the charm of suburban living meets the convenience of urban amenities. Known for its rich cultural tapestry and diverse community, Monterey Park is a delightful blend of tradition and modernity. With its lush parks, top-rated schools, and a plethora of dining options, this city has something for everyone, making it an ideal place to call home.

One of the standout features of Monterey Park is its unique housing market, particularly the homes with a mixed-use subtype. These properties offer a fantastic opportunity for residents who desire both a comfortable living space and the potential for business. Imagine waking up in your beautifully designed home and stepping into your own café, boutique, or office—all without the hassle of a long commute. This mixed-use living arrangement fosters a dynamic lifestyle, perfect for entrepreneurs and families alike.

The homes in Monterey Park are characterized by their architectural diversity, from charming single-family residences to modern condominiums. Many mixed-use properties are strategically located near bustling commercial districts, providing easy access to shops, restaurants, and recreational facilities. This accessibility enhances the quality of life, allowing residents to enjoy the best of both worlds.

Whether you’re looking to invest in a mixed-use property or simply want to explore the enchanting neighborhoods of Monterey Park, you’ll find a welcoming community that is rich in history and poised for growth. Discover the endless possibilities that await you in this thriving city!

Newest Monterey Park (641) Homes with Mixed Use Subtype

523 N Lincoln, Monterey Park
$2,980,000
WS26227750 MLS ⋅ Active Status
Prime Monterey Park Investment Opportunity! Ideally situated in the heart of Monterey Park, just minutes from the Garfield Avenue and I-10 Freeway interchange, this exceptional income property offers a rare combination of location, scale, and value-add potential. The property features four separate buildings with five units, including two 3 bedroom, 2 bath and three 2 bedroom, 1 bath units, providing a versatile unit mix appealing to a broad range of tenants. Expansive 17,172 square foot lot with approximately 5,293 square feet of building area offers impressive scale and potential for long-term value appreciation. A total of 12 parking spaces and Four garages provides exceptional parking convenience. All five units are individually metered for gas and electricity, offering added convenience for utility management. Zoned R3, the property may offer future multi-unit development potential, subject to city regulations and approvals. Current rents are below market, presenting an estimated rental upside of over 30% and an excellent opportunity to increase income through strategic rent adjustments. The property underwent seismic retrofitting in 2011. With its expansive lot, versatile five-unit configuration, and significant rental upside, this is a compelling value-add investment with exceptional potential. Don’t miss this rare opportunity to unlock the full value of a high-potential income property in one of Monterey Park’s most desirable locations!

523 N Lincoln, Monterey Park

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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