412 W Newmark Avenue Monterey Park, CA 91754
Listing Courtesy of: CRMLS / Coldwell Banker Realty / Cuong "Matt" Ly - Contact:  matt.ly@cbcnrt.com

  412 W Newmark Avenue Monterey Park, CA 91754

Sold (14 Days)
$1,900,000

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.

MLS #:
AR24158010
Lot Size
0.39 acres
Type
Multifamily
Year Built
1961
County
Los Angeles County

Listed By

Cuong "Matt" Ly, DRE #01441481 CA, Coldwell Banker Realty, Contact: matt.ly@cbcnrt.com
Bought with
Yan Cui, Grandmark Realty Inc.
Source
CRMLS
Last checked Dec 10 2024 at 6:47 AM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Common Area
Heating and Cooling
  • Wall/Window Unit(s)
Exterior Features
  • Roof: Asphalt
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Parking
  • Assigned
Stories
  • 1
Additional Information: Arcadia | matt.ly@cbcnrt.com
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.