Description
Fantastic investment opportunity! this unique 5-unit apartment building in the heart of monterey park presents a remarkable chance for savvy investors. the property features a newly remodeled, vacant 2-bedroom, 2-bath front unit, ideal for owner occupancy, along with four reliable, rented 1-bedroom, 1-bath units.
the layout includes one 450 sq. ft. unit and three additional units at 750 sq. ft. each. the spacious front unit offers 1,365 sq. ft. each apartment is equipped with its own electric panel and gas meter. while one unit boasts central a/c and heating, the others are fitted with window a/c units and wall furnaces.
the property provides eight assigned carport parking spaces, secured by an electric gate, and features a common laundry area with two metered washers and dryers for added income. it’s efficiently managed and well-maintained, with the owner covering water, gardening, trash, and common area electricity costs.
conveniently located between garfield and garvey avenues, the building is close to hk supermarket, abc café, bank of america, ts emporium herbs store, sun medical center, and garfield medical center, with easy access to the 10 and 60 freeways. don’t miss this incredible investment potential!
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
47404107
Sell a home like this and save $112,901 Find Out How
Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Property Appliances: Dryer,Washer
Cooling Features
- Central Air,Wall/Window Unit(s)
- Air Conditioning
Heating Source
- Central,Wall Furnace
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1964
- Building Area Total: 4,065
Pool Features
- None
Laundry Features
- Common Area,Outside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1529
- Lot Size Source: Assessor
- Lot Size Square Feet: 6661
-
Listing Information
Listing Price Information
- Original List Price: 1,890,000
- Listing Contract Date: 2024-10-21
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5255006012
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
- Association Amenities: Controlled Access
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 641 - Monterey Park
- Postal Code Plus 4: 1654
- Directions: West of Garfield Ave, North of Garvey Ave, South of Emerson Ave
- Zoning: MPR3YY
- Source Property Type: Residential Income
- Area: 641 - Monterey Park
- Property SubType: Apartment
Building and Construction
- Property Age: 60
- Common Walls: 2+ Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
Statistics Bottom Ads 2
Sidebar Ads 1
Learn More about this Property
Sidebar Ads 2
Sidebar Ads 2
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
BuyOwner last updated this listing 11/21/2024 @ 16:53
- MLS: TR24218046
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 4,065 sqft, 6,661 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Monterey Park , in zip code 91754, this Los Angeles County Home are nearby neighborhoods.