• 2,718 sq.ft.
  • 11,445 sq.ft. lot
offered at $1,000,000
Status: Pending // Property Type:
County: Los Angeles // Year Built: 1953

Property Description

The property offers a nice unit mix of 2 bedroom and 1 bedroom units totaling 2,115 square feet on a large MPR3 zoned 11,457 square foot lot. With current zoning, a new owner will have the option to build an additional four units on the site or redevelop the site to provide a total unit count of seven new units by-right (Buyer to verify with the City of Monterey Park). Currently, the site is served with garage and open parking spaces which allows for plenty of parking for tenants. With open space, an owner can become creative and provide high end common area improvements which would attract higher paying tenants. Furthermore, the current ownership does not provide common area laundry facilities which opens up a potential investor the ability to open another income stream. Monterey Park is a hillside suburban city in Los Angeles County, California, 7 miles east of Downtown Los Angeles. The city’s motto is “Pride in the past, Faith in the future.” The city boundaries include Los Angeles to the west, Alhambra to the north, Rosemead to the northeast, and Montebello to the south. Conveniently located just below the 10 Freeway, Monterey Park is in the outskirts of the San Gabriel Valley; giving easy access to Los Angeles and other surrounding cities.

Listing Courtesy of Dante Underwood, Pasadena Market Center Inc

Exterior Features

Exterior Features: Curbs, Gutters, Sidewalks, Street Lighting
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

Use of this site means you agree to the Terms of Use

Based on information from California Regional Multiple Listing Service, Inc. as of September 21, 2018. 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.