Prime Investment & Development Opportunity in Monterey Park. Unlock the full potential of this rare corner-lot property in the highly sought-after city of Monterey Park, perfect for savvy investors, developers, and income-focused buyers. This exceptional offering includes approved plans for two additional units: a 3-bed, 2-bath second unit and a… Read More 2-bed, 2-bath ADU, making it a fully entitled, shovel-ready project. The existing structure is a well-maintained 4-bedroom, 2-bath single-family home, providing immediate rental income while you build. Once completed, the property will feature three separate units ideal for maximizing cash flow, 1031 exchange opportunities, or long-term appreciation. Whether you're looking to: Live in one unit and rent the othersCreate a high-yield multi-unit portfolio piece, or Take advantage of Monterey Park's strong rental demand, this property offers a powerful combination of location, entitlement, and income potential. Don't miss this rare opportunity to invest, develop, and generate lasting returns in one of Los Angeles County's most desirable rental markets. Read Less
Property listed by Coldwell Banker Realty, Walter Castillo 323-464-9272
Listing Snapshot
Days Online
153
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
1,640
Lot Size
0.23 Acres
Year Built
1950
MLS Number
25493817
30 Days Snapshot Of 91754
$846k
+2%
(avg) sold price
21
+90%
homes sold
71
+42%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
BuiltIn
Building
Built in 1950, Building area total: 1,640, Levels: One, Living area: 1640, 1 story, Architectural style: Traditional, Common walls: NoCommonWalls
Community
Gated
Cooling
CentralAir
Fireplaces
LivingRoom
Floors
Tile, Wood
Garage
2 spaces
Heating
Central
Laundry
Inside
Lot
0.2268 acres, 9,880 square feet, Size: 9,880
Parking
4 open parking spaces, 6 totals parking, DoorMulti, Garage, Gated
Pool
None
Property
Zoning: MPR1*, None
Security Features
GatedCommunity
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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