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SOLD
$1,720,000
Date 03/19/2024

505 N New Avenue
Monterey Park, CA 91755

Apartment
Residential Income
4,380
Sq. Ft.
0.2466
Acre Lot
Listing Agent: Sharon Liu CalDRE: 01720175 - Re/Max Premier Prop Arcadia, 626-758-0937
Last Updated: 3/17/2025 5:17 AM
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!
AR23179304
Apartment, 2 Story
Los Angeles
0.2466 Acres
1947
Public
2
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Listing Agent: Sharon Liu CalDRE: 01720175 - Re/Max Premier Prop Arcadia, 626-758-0937
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