322 324 S Lincoln Place
Monrovia, CA, 91016 $ 1,580,000
Baths1.0 Sq 3,120 Monthly Estimate*
$ 9,976
Listed by BHHS California Properties
Studio for $1,580,000 with 1 full bath. This 3,120 square foot home was built in 1954 on a lot size of 0.1464.
Set against the foothills in Monrovia, right on the Arcadia boarder, this well-maintained and updated four-plex offers something increasingly difficult to find: an income property that feels genuinely residential. Built in 1954 and comprising approximately 3,120 square feet, the property is arranged as two separate buildings with two residences in each, surrounded by mature landscaping, garden paths, private outdoor spaces, and mountain views. The two front residences are bright and comfortable, each a one-bedroom, one-bath unit offering an inviting living room, spacious kitchen, generous bedroom, and updated bath. Tucked behind them, the rear building offers two larger residences with distinctly different personalities. The lower unit features a spacious living room, in-unit laundry, and a beautifully remodeled kitchen with recessed lighting, granite countertops, and a breakfast nook. An oversized glass door opens to a private deck and patio. Upstairs, the original 'owner's unit' is a three-bedroom, two-bath residence offers generous living and dining spaces, remodeled bathrooms, an updated kitchen, central heat and air, and views toward the surrounding foothills. Throughout the property, mature hedges, flowering drought-tolerant landscaping, and thoughtfully defined outdoor spaces create privacy and a welcome sense of calm. The three original one-car garages have been converted into storage lockers so that each unit has a dedicated storage space and 3 of the 4 units have an off-street parking space. Lovingly cared for and improved over the years, the property also benefits from significant updates including the roof, plumbing, concrete driveway, exterior paint, storage, and landscaping all updated within the last 12 years. Whether held as a long-term investment or envisioned as an owner-occupied property with additional income, this is a rare opportunity to own a four-unit property with the warmth and character of a place people are proud to call home.
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FeaturesGeneralSewer Public Sewer
Heating Central Natural Gas Wall Furnace
Cooling Central Air Wall/Window Unit(s)
Appliances Dishwasher Refrigerator
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1954
View None
Property Subtype Quadruplex
Gross Income 107820
Community Features Street Lights Suburban
County Los Angeles
Net Operating Income 84800
Operating Expense 23020
Insurance Expense 2640
Property Type Residential Income
MaintenanceExpense 6000
Subdivision Name Not Applicable
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Just East of 5th Avenue; West of Mayflower; North of Colorado.
City Monrovia
Senior Community Y/N false
MLS Area 639 - Monrovia
Lot Size Units Square Feet
Lot Size Square Feet 6379
Carport Spaces 1
Carport Y/N true
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 1200
Water Sewer Expense 3600
Rent Control Y/N false
Standard Status Active
Year Built Source Public Records
Tax Lot 2
Property Sub Type Additional Quadruplex
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InteriorFireplace Features None
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Total Baths 0
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ExteriorFencing None
Lot Features Yard
Water Source Public
Total Parking 3
Lot Size Area 6379
Number of Buildings 2
Spa false
Building Area Total 3120
Lot Size Acres 0.1464
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 0
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded FeaturesList ByBhhs California PropertiesBroker
mpmcintyre@bhhscal.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,976
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Monrovia, CA
Average List Price $1,738,991
Percent of Sale Price 10%
About Monrovia, CA 37,168 Population
0% Since 2002
$ 71,396 Median Income
39.93 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/10/2026 | $1,580,000 | | Listed Price |