Property Details
About this Property
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.
MLS Listing Information
MLS #
CRAR24158010
MLS Source
California Regional MLS
Interior Features
Cooling
Window/Wall Unit
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 2 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
412 W Newmark Ave is a Residential Income in Monterey Park, CA 91754. This – square foot property sits on a 16,923 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,900,000 and was built in 1961. This address can also be written as 412 W Newmark Ave, Monterey Park, CA 91754.
©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Matt Cuong Ly, (626) 821-1216
