$2,000,000
$2,888,888
30.8%For more information regarding the value of a property, please contact us for a free consultation.
7,920 SqFt
SOLD DATE : 02/16/2021
Key Details
Sold Price $2,000,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 7,920 sqft
Price per Sqft $252
MLS Listing ID CV20185334
Sold Date 02/16/21
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1915
Lot Size 0.518 Acres
Acres 0.518
Property Description
HUGE PRICE DROP!!! 6 unit apartment Centrally located in Downtown Monterey Park area! There are 3 buildings (detached) and The property consists of six (6) units with all having three (3) bedrooms and (1.5) bathrooms that are and approximate living sq ft of 1152. Each has a unit above and below for condo style apartment living. RARE OPPORTUNITY to own a one of the few lots left for future building and development in the high density area of Monterey Park. Nestled between single family homes makes these apartments highly sought after. Gross rental income is $141,600 with INSTANT equity upon purchase. Indoor Laundry and back patio for all units. On-site parking includes 6 carports and additional parking spaces. Property is located walking distance to shopping, ethnic restaurants, tea houses and very short 5 minute drive to 60 and 10 freeways. The surrounding rental market is increasing and continuing to prove strong due to the prime location. *Potential for new buyer to build 2 additional units*Call agent for more details
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR2YY
Rooms
Ensuite Laundry Inside, Laundry Room
Interior
Laundry Location Inside,Laundry Room
Heating Wall Furnace
Cooling None, Wall/Window Unit(s)
Flooring Carpet, Laminate
Fireplaces Type None
Fireplace No
Laundry Inside, Laundry Room
Exterior
Garage Carport, Uncovered
Carport Spaces 6
Pool None
Community Features Curbs, Hiking, Park, Street Lights, Suburban
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
View Y/N Yes
View Peek-A-Boo
Accessibility Parking
Parking Type Carport, Uncovered
Total Parking Spaces 11
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 5260001022
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Trust
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Bought with Jenny Eng • NAI Capital, Inc.
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CEO | DRE# SA695240000 | DRE# 02100184