412 W Newmark Avenue, Monterey Park, California 91754
- $1,995,000
- $1,995,000
Overview
- Apartment, Residential Income
- 2.0
- 4983 Sqft
- 1961
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 spaces—five carport and five open parking—as 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.
Address
Open on Google Maps-
Address: 412 W Newmark Avenue
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State/county: CA
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Zip/Postal Code: 91754
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Country: US
Details
Updated on October 9, 2024 at 5:14 am-
Property ID AR24158010
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Price $1,995,000
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Property Size 4983 Sqft
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Land Area 0.3885 Acres
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Garages 2.0
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Year Built 1961
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan
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Roof Asphalt
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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County Los Angeles
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Property Type Residential Income
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Pool None
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Parking Assigned
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Community Features Urban
Mortgage Calculator
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Down Payment
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