Los Angeles County Homes with Multi Family Subtype

Los Angeles County Homes with Multi Family Subtype

Welcome to Los Angeles County, a vibrant tapestry of culture, innovation, and opportunity nestled in sunny Southern California. Known as the entertainment capital of the world, this dynamic region boasts a diverse population, stunning landscapes, and a rich history that beckons residents and visitors alike. From the iconic Hollywood sign to the bustling beaches of Santa Monica, Los Angeles is a place where dreams come to life.

For those seeking to invest in real estate, Los Angeles County offers a wealth of options, particularly in the realm of multi-family homes. These properties are ideal for both seasoned investors and first-time buyers looking to capitalize on the booming rental market. With a multi-family home, you can enjoy the benefits of owning multiple units, providing a steady stream of income while living in one of the units yourself.

The multi-family housing market in Los Angeles is robust, catering to a variety of lifestyles and budgets. From charming duplexes nestled in quaint neighborhoods to modern apartment complexes in the heart of the city, there’s something for everyone. The demand for rental properties continues to rise, driven by the influx of new residents seeking the excitement and opportunities that LA has to offer.

Moreover, owning a multi-family home in Los Angeles not only provides financial advantages but also fosters a sense of community. Whether you’re renting to young professionals, families, or students, you’ll find that the diverse demographic enriches the living experience. Embrace the opportunity to become part of this thriving metropolis while securing your financial future with a multi-family home in Los Angeles County!

Newest Los Angeles County Homes with Multi Family Subtype

523 N Lincoln, Monterey Park
$2,980,000
WS26229686 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

Start Your Search

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.

How much is your home worth?

Get instant property value now!