Monterey Park, CA 91754,412 West Newmark Avenue
Monterey Park, CA 91754,412 West Newmark Avenue
Monterey Park, CA 91754,412 West Newmark Avenue
Listed by Matt Cuong Ly • Coldwell Banker Realty
$1,900,000
Est. payment /mo
Est.Price: ?

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4,983 SqFt
SOLD DATE : 10/08/2024

Key Details

Sold Price $1,900,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 4,983 sqft

Price per Sqft $381

MLS Listing ID AR-24158010

Year Built 1961

Lot Size 0.388 Acres

Property 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.

Location

State CA

County Los Angeles

Zoning MPR3CD-R3*

Interior

Cooling Wall/Window Unit(s)

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 2.0

Pool None

Community Features Urban

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

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Paul Ward

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Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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