351 S Lincoln Avenue A & B, Monterey Park, California 91755, Monterey Park, 91755 - bed, bath

351 S Lincoln Avenue A  home-pic-0
ACTIVE$1,580,000
351 S Lincoln Avenue A & B, Monterey Park, California 91755
0Bed
0Bath
2,590Sqft
5,987Lot
Year Built
1963
Close
-
List price
$1.58M
Original List price
$1.78M
Price/Sqft
$610
HOA
-
Days on market
-
Sold On
-
MLS number
MB25081062
Home ConditionFair
Features
Good View: City Lights, Hills, Mountain(s), Neighborhood, Peek-A-Boo
Deck
ViewCity Lights,Hills,Mountain(s),Neighborhood,Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $1.58M(50th), sqft - 2590(50th), beds - undefined(50th), baths - undefined(50th).

FANTASTIC PRICE REDUCTION. Excellent condition duplex in the great city of Monterey Park. This duplex features a front two story building with 3 bedrooms and 2 baths. Entering this unit, one will be at the large living room with a gas fireplace and a great view of the San Gabriel area and mountains. At the end of this room is the dining room with an exit sliding door to the outside balcony and that great view of the city and mountains. Right next to the dining room is the kitchen featuring a freestanding gas stove, kitchen sink with a garbage disposal and a dishwasher, AND, a breakfast nook. Next to that is an exit door to the rear parking lot featuring 2 parking spots next to each other with space enough to park another car behind each car for a total of 4 total parking spots as well as multiple storage cabinets for each unit and a laundry room for the front unit. At the front door there is a great looking staircase leading to the upstairs level featuring a full bathroom for the 3 bedrooms upstairs that have that great view of the cities and mountains. Next to the parking lot is the 2nd unit with a stairway leading to the front door. The unit features 2 bedrooms and a full bath. As one enters the front door, this unit has a large living room and dining room combination and features a free-standing portable fireplace. Next to the dining room will be the kitchen featuring a refrigerator and a free-standing stove as well as an open view to the dining and living room as well as an exit door to the side of the building and an easy access to the rear of the building for the kids to play. As one walk thru the hallway inside there is a laundry room and next to that is a full bath that features a skylight on the ceiling. Next will be the 2 bedrooms with one of them having a walk out balcony for sitting and relaxing. The rear yard is great for entertaining or for the children to play. Bring your clients to see this beauty before it is gone.

Condition Rating
Fair

Built in 1963, this duplex shows signs of regular maintenance but lacks significant modern updates. The kitchens feature dated cabinets, countertops, and flooring, along with older freestanding appliances and a retro breakfast nook. Bathrooms also present dated tiles, vanities, and fixtures. Flooring throughout consists of older laminate and carpet. The presence of a window AC unit and the absence of central air conditioning are notable drawbacks. While functional, the property requires minor updates to modernize its aesthetics and systems.
Pros & Cons

Pros

Income-Generating Duplex: This property is an excellent residential income opportunity, featuring two distinct units: a 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit, offering diversified rental potential.
Expansive Views: Both units boast great views of the San Gabriel area, mountains, and city lights from multiple rooms and balconies, significantly enhancing their appeal.
Ample Parking & Storage: The property provides generous parking with 4 total spots and multiple storage cabinets for each unit, a highly desirable feature for multi-family residences.
Private Outdoor Spaces: Each unit benefits from private outdoor spaces, including balconies, and a shared rear yard perfect for entertaining or children's play.
Desirable Unit Amenities: Both units include convenient in-unit laundry facilities, and the front unit features a cozy gas fireplace, adding to tenant comfort and desirability.

Cons

Age of Construction & Potential for Dated Systems: Built in 1963, while stated in excellent condition, the property may have original infrastructure (e.g., plumbing, electrical) that could require future maintenance or upgrades not explicitly mentioned.
Disparity in Unit Amenities: Unit B features a less desirable 'free-standing portable fireplace' and 'free-standing stove' compared to Unit A's built-in gas fireplace, indicating a potential difference in amenity quality between the units.
Absence of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant drawback for comfort during warmer months in California and may impact tenant attraction or resale value.

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