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Suzie Alvarez

susanaalvarez01@gmail.com +1(520) 279-1408

$2,980,000

Est. payment - /mo

0.39 Acres Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26227750

HOA Y/N No

Year Built 1957

Lot Size 0.394 Acres

Property Sub-Type Mixed Use

Property Description

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!

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Interior

Fireplace No

Laundry Laundry Room, Outside

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs, Dog Park, Park, Street Lights, Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5255011012

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by CINDY JIE Pinnacle Real Estate Group 626-216-4228, DRE #02053015

NEARBY SCHOOL & BUSINESS

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523 N Lincoln Monterey Park, CA 91755