$846,888
$799,999
5.9%For more information regarding the value of a property, please contact us for a free consultation.
6,499 Sqft Lot
SOLD DATE : 12/16/2024
Key Details
Sold Price $846,888
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24236754
Sold Date 12/16/24
Construction Status Fixer
HOA Y/N No
Year Built 1958
Lot Size 6,499 Sqft
Property Description
This is a RARE OPPORTUNITY and definitely a SMART INVESTMENT for your future DREAM HOME! This DUPLEX is located in the prime location and in the heart of Monterey Park! Lowest Price on the market {$345/SF} with the Excellent Mark Keppel High School! Walking distances to Shopping, Dinning, Banks, Bus Stations, Clinics and easy access to all the major Freeways! The Roof was changed in 2016 and 2018! Live in one unit and rent out the other or rent out both for an income stream in such a sought-after area with strong rental demand! Or live in both units…ideal for Multi-Generational Living as well! Both units are occupied on a Month-to-Month Lease Agreement. Unit #A downstairs features 2 Bedrooms, 1 Bathroom, Living Room, a spacious Kitchen and is about 884 SF Living Space. Unit #B upstairs offers 3 Bedrooms, 1 Bathroom, Living Room, Storage Rooms, a Kitchen and approx. 1,433 SF Living Size. There is a Huge Open Patio next to Unit B which offers great potential for expansion! One Water Meter, two Gas Meters and two separate Electrical Panels on the property. Two Separate Stairs access to the upstairs. The Backyard has extra spaces for entertainment. Private Driveway can accommodate RV Parking. This DUPLEX is the PERFECT BLEND of Comfort, Convenience, and Investment Potential. Explore the possibilities and envision transforming this hidden gem into your dream investment!!! Please do not walk around the property without a scheduled appointment. Drive By First! The property is sold AS IS and WHERE IS Condition.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR3*
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Gas Oven, Gas Range, Water Heater
Laundry Inside
Exterior
Parking Features One Space
Pool None
Community Features Street Lights
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Private Pool No
Building
Lot Description Back Yard
Story 2
Entry Level Two
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 5257016014
Acceptable Financing Cash, Private Financing Available
Listing Terms Cash, Private Financing Available
Financing Cash
Special Listing Condition Standard
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Bought with Jing Chen • RE/MAX CHAMPIONS
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "