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Listed by Donald La • DONALD LA REALTY
$ 1,975,000
Est. payment | /mo
5,662 SqFt
$ 1,975,000
Est. payment | /mo
5,662 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,662 sqft
Price per Sqft $348
MLS Listing ID AR-25226216
Year Built 1959
Lot Size 10,137 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
First time on the market in 62 years! Rare opportunity to acquire an 8-unit multifamily property located in the highly desirable city of Monterey Park, California. Available for the first time since 1963, the property features consistent tenant demand and long-term ownership pride. The building consists of one (2-bedroom / 2-bath) unit and seven (1-bedroom / 1-bath) units. The property has been meticulously maintained and offers a reliable income stream with significant long-term upside potential. All units and separately metered for electricity and gas. Individual laundry room for added convenience. Easy access to 60 FWY, 0.6 miles to Elder Park, 0.6 miles to Topgolf Montebello, 1.9 miles to Costco Wholesale.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Interior
Laundry Individual Room
Exterior
Garage Spaces 9.0
Pool None
Community Features Urban
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114