First time on the market in over 70 years! Young Lewin Advisors is pleased to present 801 and 803 Newmark Ave, an 8 unit property on two contiguous parcels totaling a lot size of 35,833 with R3 zoning. 801 E Newmark consists of a conventional 6 unit single story building with two separate front houses,(built in 1915 and 1952) and two duplex's (all 2 bed/1 bath units) built in 1962 with a carport in the rear. 802 Newmark Ave consists of two single family houses in the front- a 3 bed house built in 1956 and a two bed house built in 1950. Behind the houses is a substantial amount of vacant land. The Newmark properties have development potential being on nearly an acre of land. The lot dimensions for 801 per the assessor are 60.48 feet by 300.4 feet, and for 803 are 58.5 feet by 300.4 feet for a total of 35,833 square feet. Per the R-3 guidelines of the Monterey Park Development Standards (buyer to verify) - you can build one unit per 3,000 square feet with a maximum of 2 stories not to exceed 30 feet. If developed together you could build 11 units by right - and with AB-1211 you could add up to 8 ADU's making a 19 unit development potentially.
Outstanding value and incredible potential as an income or investment property! This charming duplex is truly a rare find and presents a rare opportunity to purchase 2 beautiful homes on one lot! Front house offers 3 bedrooms and 1 bathroom, a nice garden, a covered front porch, a bright and open living room with built-in cabinets, a large kitchen and a dining area. It boasts fresh interior paint and new flooring in the spacious bedroom and kitchen. The back unit features 1 bedroom and 1 bathroom. Both units provide a nice backyard, perfect for your private garden, relaxation and gatherings. The long drive-way offers plenty of additional parking space to the 1 car garage space with storage sheds. This property is not only an ideal location near supermarkets, banks, parks, an endless variety of restaurants and hotspot cafes, but is convenient as well for commuting on the I-101 & I-2 freeways.Please do not miss this opportunity to own 2 units.
This spacious 4 units condo style like apartment located in the Monterey Highlands School Boundary, Welcomes an abundance of natural light from the Kitchen and high cathedral ceiling living room and the privacy balcony is a great place to enjoy summer grilling or light entertaining, All units have 2 good sized private bedroom suites, each with its own bathroom. The unit A features recently updated new kitchen new cabinetry with beautiful quartz counter tops and ceramic tile back splash & new stove range/ new rang hood/ new dish washer. All units have two assigned parking spaces in the carport area. property close to everything including schools, parks, shops, and the I-10 and I-710 freeways. new exterior panting, All units have direct access to the carport, steady & long term tenants. Perfect investment opportunity for owner user, Investor or developer. Rent increase potential.
Wow, A Wonderful Multiple Units + ADU in the Center of Monterey Park! The gated property with the Zoning of MPR3* , spanning a huge lot of 9,110 SqFt and a generous living area of 3,572 SqFt, provides an excellent opportunity for an investor and/or as an owner with unbeatable income. The Front Unit on the second floor with an external staircase, offers 3 decent sized bedrooms and 1 bathrooms, a spacious living room open to a dining room, a kitchen, and two car garage on the first floor. The Middle Unit boasts 4 bedrooms and 3 bathrooms, featuring an open floor plan, a large living room connected to the dining area, kitchen with granite countertops, stainless appliances, pantry family room, and its private gardening yard. The Back Unit is the newly completed ADU on the rear, a suite with its private bathroom, and 2 bedrooms sharing a full bathroom, two car garage. The property provides 3 separate electric meters, 3 gas meters, and 3 post boxes, each unit with its laundry, central air conditioning, wall unit ac, tankless water heaters, and solar panels for ADU. More features including upgraded bathrooms, remodeled kitchens, upgraded hardwood and tile flooring, recessed lights, dual pane windows, cement ground on back and side yard easy to maintain, beautiful front yard garden, and more parking spaces on the front yard and the corner street. Prime location, walking distance to top rated Mark Keppel High School, with all the conveniences to school, public transportation, markets, and numerous gourmet restaurants. Easy access to the I- 10 and 710 freeways, enjoy the dynamic of DTLA, Monterey Park, Alhambra, and the best gourmet foods for you to choose. Minutes’ drive to AMC theater at Atlantic Square, close to Sierra Vista Park, TS Emporium, 99 Ranch Market, bus stations, and medical facilities. Take your chance to make this spectacular Monterey Park property your new home or investment to collect for rent! It won’t last!
Courtesy: IRN REALTY
Courtesy: RESOUND PROPERTIES
Location! Location! Introducing a highly desirable location, 2 units income property in prime location of Monterey Park. This duplex features 3 bedrooms and 2 bathrooms in front unit, per assessor living space is 1172sqft., year built 1920. Back unit features 3 bedrooms and 2 bathrooms, per assessor living space is 1593sqft., year built 1938. The property spans a total of 2765 building square foot on a huge lot size of 12,419 square foot. With a long driveway and ample of parking spaces. Great lot size for many potentials and on a R2 lot. It is conveniently close to restaurants, schools, banks, markets, parks, public transportation, easy access to freeways.
Courtesy: JPAN REALTY
Courtesy: ALLIANCE REALTY KINGDOM INC.
This apartment building is located in center of Monterey Park. One single unit is at front and 3-unit apartment building is in the back with attached garage (1 unit downstairs and 2 units upstairs). Totally 4 units. Easy access to I-10 freeway, walking distance to shopping center, theatre, super market and pre school. upgraded Kitchen and bath with granite counter top, new paint interior.
Courtesy: Keller Williams SELA
Monterey Park is located in California. Monterey Park, California has a population of 61,153. Monterey Park is less family-centric than the surrounding county with 24.99% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Monterey Park, California is $68,497. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Monterey Park is 43.8 years.
The average high temperature in July is 85.8 degrees, with an average low temperature in January of 46.7 degrees. The average rainfall is approximately 15.8 inches per year, with 0 inches of snow per year.
