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Fantastic Investment Opportunity! This unique 5-unit apartment building in the heart of Monterey Park presents a remarkable chance for savvy investors. The property features a newly remodeled, vacant 2-bedroom, 2-bath front unit, ideal for owner occupancy, along with four reliable, rented 1-bedroom, 1-bath units.The layout includes one 450 sq. ft. unit and three additional units at 750 sq. ft. each. The spacious front unit offers 1,365 sq. ft. Each apartment is equipped with its own electric panel and gas meter. While one unit boasts central A/C and heating, the others are fitted with window A/C units and wall furnaces.The property provides eight assigned carport parking spaces, secured by an electric gate, and features a common laundry area with two metered washers and dryers for added income. It’s efficiently managed and well-maintained, with the owner covering water, gardening, trash, and common area electricity costs.Conveniently located between Garfield and Garvey Avenues, the building is close to HK Supermarket, ABC Café, Bank of America, TS Emporium Herbs Store, Sun Medical Center, and Garfield Medical Center, with easy access to the 10 and 60 freeways. Don’t miss this incredible investment potential!
Property Type(s):
Residential Income
| Last Updated | 10/21/2024 | Year Built | 1964 |
|---|---|---|---|
| Community | Monterey Park | County | Los Angeles |
Additional Details
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Controlled Access |
| APPLIANCES | Dryer, Washer |
| AREA | Monterey Park |
| GARAGE | Assigned |
| HEAT | Central, Wall Furnace |
| LOT | 6661 sq ft |
| LOT DESCRIPTION | Front Yard, Rectangular Lot |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | MPR3YY |
Location
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Listed with Berkshire Hathaway HomeServices California Properties
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