Monterey Park, CA 91755,505 N New Avenue
Monterey Park, CA 91755,505 N New Avenue
Monterey Park, CA 91755,505 N New Avenue
24
$1,720,000
$1,900,000
9.5%
Est.Price: ?

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6 BD
4 BA
10,742 Sqft Lot

505 N New Avenue Monterey Park, CA 91755

Est. payment /mo
SOLD DATE : 03/19/2024

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Key Details

Sold Price $1,720,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR23179304

Bedrooms 6

Lot Size 10,742 Sqft

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!
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 Monterey Park (91755)

Zoning Assessor

Exterior

Parking Features Unit1:Assigned

Building

Lot Description Curbs

Story 2

Others

Acceptable Financing Cash, Conventional

Space Rent $1,477

Listing Terms Cash, Conventional

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San Diego Regional MLS (SDMLS)
Listed by Sharon Liu • Re/Max Premier Prop Arcadia
Bought with Benjamin Lin • 1000 Realty Corporation

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Dave Dennis

Agent | License ID: 01343870

+1(619) 987-9484

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