Monterey Park, CA 91755,505 N New AVE
Monterey Park, CA 91755,505 N New AVE
Monterey Park, CA 91755,505 N New AVE
25
$1,720,000
$1,900,000
9.5%
Est.Price: ?

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10,741 Sqft Lot

505 N New AVE 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 Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR23179304

Sold Date 03/19/24

HOA Y/N No

Year Built 1947

Lot Size 10,741 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!

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Zoning MPR3*

Interior

Fireplace No

Laundry See Remarks

Exterior

Garage Assigned

Pool None

Community Features Curbs

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

View Y/N No

View None

Accessibility Parking

Total Parking Spaces 8

Private Pool No

Building

Lot Description Back Yard, Front Yard, Lawn, Paved, Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5258012023

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Sharon Liu • Re/Max Premier Prop Arcadia • 626-758-0937
Bought with Benjamin Lin • 1000 Realty Corporation

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JT Contrestano

Broker Associate | License ID: 01920263

+1(559) 360-2931

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