418 S Lincoln Avenue, Monterey Park, California 91755, Monterey Park, 91755 - bed, bath
ACTIVE$2,050,000
418 S Lincoln Avenue, Monterey Park, California 91755
0Bed
0Bath
3,216Sqft
9,419Lot
Year Built
1963
Close
-
List price
$2.05M
Original List price
$2.25M
Price/Sqft
$637
HOA
-
Days on market
-
Sold On
-
MLS number
WS25045103
Home ConditionGood
Features
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $2.05M(50th), sqft - 3216(50th), beds - undefined(50th), baths - undefined(50th).
Great Investment Opportunity in prime Monterey Park location! Great school district. Convenient location close to shopping malls, schools, restaurants, supermarkets and freeways. Excellent conditions, Very responsible tenants and High rental income.
Price History
Date
Event
Price
08/11/25
Price Change
$2,050,000
02/28/25
Listing
$2,250,000
Condition Rating
Good
Built in 1963, this property shows evidence of significant and recent renovations, particularly in the bathrooms and general living areas. The bathrooms feature modern vanities, updated fixtures, and contemporary tile work, suggesting a renovation within the last 5-15 years. Interior spaces boast new laminate flooring, recessed lighting, and efficient mini-split AC units, indicating a move-in ready condition with modern comforts. The exterior appears well-maintained. However, a comprehensive assessment is limited by the absence of kitchen images. Assuming the kitchens have received similar updates to the bathrooms, the property aligns with a 'Good' condition, being well-maintained with updated components, though not a full, recent top-to-bottom renovation.
Pros & Cons
Pros
Prime Investment Opportunity: Explicitly marketed as a 'Great Investment Opportunity' with 'High rental income' and 'Very responsible tenants', indicating immediate cash flow potential and stable tenancy.
Excellent Location & Convenience: Situated in a 'prime Monterey Park location' with convenient access to shopping malls, schools, restaurants, supermarkets, and freeways, enhancing its appeal to tenants and future buyers.
Strong School District: Located within a 'Great school district', which is a significant draw for families and can contribute to property value appreciation and tenant demand.
Residential Income Property (Triplex): As a Triplex, it offers multiple income streams, diversifying risk and potentially providing a higher return on investment compared to single-family rentals.
Generous Square Footage: With 3216 sqft across the triplex units, the property offers substantial living space, which can attract a wider range of tenants and command competitive rental rates.
Cons
Age of Property: Built in 1963, the property is over 60 years old, which may imply potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance, despite general 'excellent conditions' mentioned for tenants.
Recent Price Reduction: The list price has been reduced from $2.25M to $2.05M, which could suggest initial overpricing or challenges in attracting buyers at the higher price point, potentially indicating market resistance.
Vague Condition Details: While 'Excellent conditions' is stated, the description lacks specific details on recent renovations, upgrades to major systems, or structural improvements, which could lead to unforeseen capital expenditures for a property of this age.