Monterey Park, CA 91754,412 W Newmark AVE
Monterey Park, CA 91754,412 W Newmark AVE
Monterey Park, CA 91754,412 W Newmark AVE
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$1,900,000

$1,995,000

4.8%
Est.Price: ?

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Est. payment /mo

0.39 Acres Lot


SOLD DATE : 10/08/2024

Key Details

Sold Price $1,900,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR24158010

Sold Date 10/08/24

HOA Y/N No

Year Built 1961

Lot Size 0.388 Acres

Property 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.

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Zoning MPR3CD-R3*

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Garage Assigned

Garage Spaces 2.0

Carport Spaces 5

Garage Description 2.0

Pool None

Community Features Urban

Roof Type Asphalt

Parking Type Assigned

Total Parking Spaces 12

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5257008014

Energy Description 246.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matt Cuong Ly • Coldwell Banker Realty • matt.ly@cbcnrt.com
Bought with YAN CUI • GRANDMARK REALTY INC.
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