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$ 1,850,000
Est. payment | /mo
5,767 SqFt
$ 1,850,000
Est. payment | /mo
5,767 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,767 sqft
Price per Sqft $320
MLS Listing ID CL25629057
HOA Y/N No
Year Built 1953
Lot Size 0.386 Acres
Acres 0.39
Property Sub-Type Other
Property Description
We are pleased to present a six-unit, single-story apartment complex in a prime Monterey Park location. The property sits on a 16,833-square-foot R3-zoned lot, offering both current income and future redevelopment potential. The asset consists of three single-story duplexes. The front duplex includes a three-bedroom, three-bath front unit and a one-bedroom, one-bath rear unit. The three-bedroom unit is currently configured and leased to three separate tenants as a 1-bedroom/1-bath ($1,200), 2-bedroom/2-bath ($1,850), and studio ($965).The middle duplex, comprised of a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit, sustained significant fire damage and will require substantial reconstruction. Rents shown assume the units are rebuilt and leased at market rates. The third duplex features two 2-bedroom/1-bath units and a shared on-site laundry room. The property offers 13 on-site parking spaces, including three two-car garages and six open surface spaces, providing strong parking for the submarket. Located just blocks from the Garvey and Garfield Avenue corridors and a short distance from Downtown Monterey Park, the property benefits from convenient access to retail, dining, and neighborhood amenities. The site also presents potential redevelopment opportunities, including PUDs,
Location
State CA
County Los Angeles
Zoning MPR3
Interior
Fireplace No
Exterior
Utilities Available Other Water/Sewer
Building
Sewer Other
Water Other
New Construction No
Others
Tax ID 5255018001
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Listed by Benjamin J. Hsiang • Realty Investment Advisors, Inc.
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