Monterey Park, CA 91754,412 W Newmark Avenue
Monterey Park, CA 91754,412 W Newmark Avenue
$1,900,000
Est. payment /mo
$1,995,000
4.8%
Est.Price: ?

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8 Beds
4 Baths
0.39 Acres Lot
SOLD DATE : 10/08/2024

Key Details

Sold Price $1,900,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR24158010

Sold Date 10/08/24

Bedrooms 8

HOA Y/N No

Lot Size 0.388 Acres

Property Description

Discover a rare investment opportunity in the heart of Monterey Park with this exceptional property, which features a charming 3-bedroom, 2-bathroom single-family home alongside four single-story rental units, all situated on a sprawling 16,918 sq. ft. lot. With a total of 4,983 sq. ft. of living space, this versatile property offers significant upside potential, making it ideal for investors or those seeking a multi-functional residential setup. The main house, with 1,204 sq. ft., is perfect for owner occupancy, while the four rental units, totaling 3,779 sq. ft., each come with private yards (four out of five units) and individual water heaters. The property includes 10 tandem parking spacesfive carport and five open parkingas well as ample street parking. With the potential to add up to three Accessory Dwelling Units (ADUs), this property presents an excellent opportunity for increased rental income or additional living space. The single-story layout of all units and the durable pitched roof add to the overall appeal. Situated in a residential neighborhood, this property is within walking distance of City Hall, Atlantic Blvd and Garvey Ave., as well as shopping, restaurants, and Barnes Parks.
Discover a rare investment opportunity in the heart of Monterey Park with this exceptional property, which features a charming 3-bedroom, 2-bathroom single-family home alongside four single-story rental units, all situated on a sprawling 16,918 sq. ft. lot. With a total of 4,983 sq. ft. of living space, this versatile property offers significant upside potential, making it ideal for investors or those seeking a multi-functional residential setup. The main house, with 1,204 sq. ft., is perfect for owner occupancy, while the four rental units, totaling 3,779 sq. ft., each come with private yards (four out of five units) and individual water heaters. The property includes 10 tandem parking spacesfive carport and five open parkingas well as ample street parking. With the potential to add up to three Accessory Dwelling Units (ADUs), this property presents an excellent opportunity for increased rental income or additional living space. The single-story layout of all units and the durable pitched roof add to the overall appeal. Situated in a residential neighborhood, this property is within walking distance of City Hall, Atlantic Blvd and Garvey Ave., as well as shopping, restaurants, and Barnes Parks.

Location

State CA

County Los Angeles

Area Monterey Park (91754)

Zoning Assessor

Interior

Cooling Wall/Window

Exterior

Garage Unit1:Assigned

Building

Story 1

Level or Stories 1 Story

Others

Monthly Total Fees $155

Acceptable Financing Cash

Space Rent $1,350

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by Matt Cuong Ly • Coldwell Banker Realty
Bought with YAN CUI • GRANDMARK REALTY INC.
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