801 803 E Newmark Ave

Monterey Park, CA 91755

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,752 Sqft
  • 35831
    Sqft(Lot)
$3,500,000

Description

First time on the market in over 70 years! young lewin advisors is pleased to present 801 and 803 newmark ave, an 8 unit property on two contiguous parcels totaling a lot size of 35,833 with r3 zoning. 801 e newmark consists of a conventional 6 unit single story building with two separate front houses,(built in 1915 and 1952) and two duplex's (all 2 bed/1 bath units) built in 1962 with a carport in the rear.

802 newmark ave consists of two single family houses in the front- a 3 bed house built in 1956 and a two bed house built in 1950. behind the houses is a substantial amount of vacant land.

the newmark properties have development potential being on nearly an acre of land. the lot dimensions for 801 per the assessor are 60.48 feet by 300.4 feet, and for 803 are 58.5 feet by 300.4 feet for a total of 35,833 square feet. per the r-3 guidelines of the monterey park development standards (buyer to verify) - you can build one unit per 3,000 square feet with a maximum of 2 stories not to exceed 30 feet. if developed together you could build 11 units by right - and with ab-1211 you could add up to 8 adu's making a 19 unit development potentially.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48331829

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1952
    • Building Area Total: 7,752

    Pool Features

    • None

    Laundry Features

    • Electric Dryer Hookup,Gas Dryer Hookup

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.8226
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 35831

  • Listing Price Information

    • Original List Price: 3,500,000
    • Listing Contract Date: 2025-01-14

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5259013038

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 641 - Monterey Park
    • Directions: Between S Orange and New Ave
    • Source Property Type: Residential Income
    • Area: 641 - Monterey Park
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 73
    • Common Walls: 1 Common Wall,No One Above,No One Below
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front
    • Property Attached: Yes
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BuyOwner last updated this listing 01/20/2025 @ 16:51

  • MLS: PW25009779
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,752 sqft, 35,831 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 91755, this Los Angeles County Home are nearby neighborhoods.