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801-803 E Newmark Ave
Monterey Park, CA 91755

$3,500,000 USD

Apartments For Sale  •  7,752 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,752 SF
  • Lot Size 0.82 AC
  • Year Built 1952
  • Zoning MPR3*
0 Transit Score
72 Walk Score

Highlights

Eight units (six and two) on two large contiguous lots totaling 35,833 square feet of land- nearly an acre
All single story structures - Two detached duplex's and four single family units - Seven two bedroom units and one three bedroom unit
R-3 zoning - allowing 11 units by right (one unit per 3,000 square feet) - with AB-1211 8 units could be added in addition to this (buyer to verify)
Prime Monterey Park location in the San Gabriel Valley - median single family home value is $980,000
Can be sold separately or together
Monterey Park does not have any municipal rent control (subject to AB-1482)

Public Transportation

Commuter RailDriveWalkDistance
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 5.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 35 min - 22.5 mi
Bob Hope 33 min - 23.9 mi
Los Angeles International 38 min - 24.6 mi
Jack Jorgensen 626-399-2415 Young Lewin Advisors
Jack Jorgensen 626-399-2415 Young Lewin Advisors