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Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR24243593
Sold Date 01/30/25
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Type Res Income 2-4 Units
Property 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. Its 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 Caf, Bank of America, TS Emporium Herbs Store, Sun Medical Center, and Garfield Medical Center, with easy access to the 10 and 60 freeways. Dont miss this incredible investment potential!
Location
State CA
County Los Angeles
Zoning Assessor
Direction West of Garfield Ave, North of Garvey Ave, South of Emerson Ave
Interior
Cooling Central Forced Air, Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
HOA Fee Include Gated Community
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Bought with YAN CUI GRANDMARK REALTY INC.
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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