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$1,750,000
TR24035915 MLS Active Status
Discover an exceptional investment opportunity in the highly desirable area of Monterey Park! This property comprises three units, each featuring 2 bedrooms and 2 bathrooms: unit 318A and 318B offer approximately 1,100 sqft, while unit 320 provides approximately 800 sqft, all nestled on a generous 11,725 sqft FLAT lot. The front house consists of two units, 318A and 318B, each boasting its own private courtyard, laundry facilities, and water heater. Additionally, there's a third unit resides above the detached garage. The property also boasts an expansive backyard with potential for additional units, or re-development, buyer to verify. Currently, Unit 318A and 318B are tenant-occupied at $1,770 and $2,250 per month respectively, while the back unit is vacant, with a market rent potential of $2,500. Each unit comes with 2 outdoor parking spaces, with the garage spaces currently utilized by the owner. Tenants are responsible for their own utilities (water/trash, electricity, gas, internet), while the owner covers common area utilities (water/trash/electricity/gas) and gardening services. The property is equipped with 4 gas meters, 4 electric meters, 3 sub water meters, and 1 master water meter. New upgrades include AC, windows and water heaters. Additionally, back unit has been freshly painted after being recently vacated. Buyers are encouraged to verify all permits and explore the lot's development potential with the city. Conveniently located with easy access to schools, shopping centers, highways and recreational parks. Don't miss out on the incredible opportunity to own this GEM in Monterey Park!

318 S Lincoln Avenue Unit A, Monterey Park

$798,000
3 Beds 1 Baths AR24024993 MLS Pending Status
Welcome to this beautifully renovated single-family home nestled in the prime area of Monterey Park. The entire house has been tastefully remodeled, boasting fresh interior and exterior paint as well as brand-new flooring throughout. The open-concept kitchen is a chef's dream, featuring crystal white quartz countertops, abundant storage in the form of numerous cabinets, and a convenient water filter system. The laundry area, equipped with a new washer and dryer, is conveniently located right next to the kitchen. A standout feature of this home is the owner's conversion of the closet in the smaller bedroom into a master's bathroom, although this modification was made without a permit. Both bathrooms showcase stylish walk-in showers and brand-new single sink bath vanities with elegant marble tops. Step into the cozy backyard, where you'll find a charming gazebo and a bonus shed for additional storage. While the gates installed around the gazebo were added without a permit, they contribute to the private and serene atmosphere of the outdoor space. The backyard is adorned with a few mature fruit trees, adding a touch of natural beauty. Broker/Agent and Owner do not guarantee the accuracy of the information provided, including square footage, lot size, school boundary lines or eligibility, permitted or un-permitted spaces, and/or bedroom/bathroom count. Buyer is advised to verify all information. This gorgeous home is move-in ready and awaits your visit. Don't miss the opportunity to experience the comfort and elegance of this meticulously updated residence in the heart of Monterey Park.

536 W Andrix Street, Monterey Park

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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