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Key Details
Sold Price $2,630,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,398 sqft
Price per Sqft $355
MLS Listing ID 20-633804
Sold Date 02/24/21
Bedrooms 21
Year Built 1962
Lot Size 0.589 Acres
Acres 0.5886
Property Sub-Type Multi-Family
Property Description
We are pleased to present an 8 unit apartment complex in prime Monterey Park. Constructed in 1962, the property consists of four (4) separate buildings featuring one (1) 4 bedroom 2 bath unit, three (3) 3 bedroom 2 bath units and four (4) two bedroom 1 bath units. Unit 1 (4 bedroom 2 bath) and unit 3 (3 bedroom 2 bath) are two-story townhome style units. Situated on a huge 25,639 square foot lot zoned R-3 (High-Density Residential), this is one of the few potential future development opportunities left in the area. There are eight (8) single car garages and four (4) additional open parking spaces. This property is a 5 minute drive from downtown Monterey Park which includes almost 400 local businesses around the Garvey/Garfield corridor, including art boutiques, tea houses and cafes, grocery stores and restaurants serving authentic Chinese, Thai and ethnic cuisine.
Location
State CA
County Los Angeles
Area Monterey Park
Zoning MPR3*
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Equipment None
Exterior
Parking Features Assigned, Garage
Garage Spaces 12.0
Building
Story 2
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Realty Investment Advisors, Inc.
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891