REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,195,000
Est. payment | /mo
3 Beds
2 Baths
0.45 Acres Lot
$ 3,195,000
Est. payment | /mo
3 Beds
2 Baths
0.45 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26214190
Bedrooms 3
Lot Size 0.453 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Trophy Multifamily Asset in the Heart of Monterey Park First time on the market in over 45 years! This exceptional multifamily investment opportunity is ideally located in the heart of Monterey Park and sits on an oversized approximately 20,000-square-foot lot. The property offers an attractive unit mix consisting of approximately 80% two-bedroom units and 20% one-bedroom units, providing strong appeal to a broad tenant base. Most units feature private balconies or patios and are SB 721 compliant. Tenant amenities include a beautifully landscaped common area with a BBQ and outdoor seating area, mature gardens, and common-area laundry facilities. Each tenant also benefits from either a single or dual enclosed garage, providing valuable off-street parking and additional storage. The property presents upside income potential through below-market rents and is exempt from the Los Angeles City RSO, with rents subject to applicable California statewide rent-control guidelines. Additional property features include: Separately metered gas and electricity Gated entrance Enclosed garage parking Mature landscaping and garden areas Stable tenancy Approximately 20,000 SF lot Attractive 80% two-bedroom / 20% one-bedroom unit mix With its long ownership history, desirable unit mix, substantial lot size, garage parking, and potential for rental upside, this is a rare opportunity to acquire a multifamily asset in a market where properties with more than five units trade infrequently. IMPORTANT NOTE: Buyer/agent to verify square footage (lot and units) and all MLS information. Broker and agen
Location
State CA
County Los Angeles
Zoning Appraiser
Direction Cross Street N. Garfield
Interior
Heating Forced Air Unit
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5255002030
Acceptable Financing Cash
Listing Terms Cash
Listed by David Holstein, DRE#01210777 The Holstein Group
NEARBY SCHOOL & BUSINESS
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "