Property
Beds
4
Full Baths
2
1/2 Baths
None
Year Built
1950
Sq.Footage
1,640
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 4-bed, 3-bath second unit and a 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 others, Create 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.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
2
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Parking
Garage, Gated
-
Pool
Yes
-
Pool Features
None
-
View
None
Area & Lot
-
Lot Size(acres)
0.2268
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Traditional
Price
-
Sales Price
$1,299,000
-
Sq. Footage
1, 640
-
Price/SqFt
$792
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Senior Community YN
NO
-
Sewer
Other
-
Water Source
Public
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Walter Castillo , Coldwell Banker Realty
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