$1,720,000
$1,900,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
505 N New AVE Monterey Park, CA 91755
4,380 SqFt
Key Details
Sold Price $1,720,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,380 sqft
Price per Sqft $392
MLS Listing ID AR23179304
Sold Date 03/19/24
HOA Y/N No
Year Built 1947
Lot Size 10,741 Sqft
Acres 0.2466
Property Description
AMAZING INVESTOR OPPORTUNITY IN A SUPERB LOCATION IN MONTEREY PARK! This is a well maintained hard to find 6-unit property located in the heart of Monterey Park, close to everything! Property has been managed by a professional management company and consists of one unit with 1 bedroom & 1 bathroom, four units with 2 bedrooms & 1 bathroom, and one unit with 3 bedrooms & 2 bathrooms. The property consists of two buildings, with 4 units in the front building and 2 units in the single story rear building(five units downstairs and one unit upstairs). Paved drive-way and assigned parking space for each unit. This is a rare opportunity for an investor seeking a steady flow of rental income. Close to Atlantic Square and Monterey Park downtown. Convenient to Schools, supermarket, 99-Ranch store, Hong Kong market, gym, restaurants, banks, and transportation. Property to be "sold as is". Drive-by only. Offer subject to interior inspection. Don't miss this incredible opportunity!
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR3*
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Fireplace No
Laundry See Remarks
Exterior
Garage Assigned
Pool None
Community Features Curbs
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
View Y/N No
View None
Accessibility Parking
Parking Type Assigned
Total Parking Spaces 8
Private Pool No
Building
Lot Description Back Yard, Front Yard, Lawn, Paved, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5258012023
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Benjamin Lin • 1000 Realty Corporation