An exceptional development opportunity in one of Los Angeles' most coveted neighborhoods , Monterey Park. Nestled on a tranquil street, this rare property comes with RTI-approved plans for two additional units: a second unit featuring 3 bedrooms and 2 baths, and an ADU with 2 bedrooms and 2 baths. A turnkey project for investors, developers, and builders, this property offers the potential to create an architectural masterpiece with strong returns. The existing residence is a charming 4-bedroom, 2-bath single-family home situated on a spacious corner lot, providing ample space for all three structures. Whether you're looking to expand your real estate portfolio, create a multi-generational living arrangement, or generate rental income, this property offers limitless potential. With the flexibility to live in one unit while leasing the others or to capitalize on the rising demand for multi-family housing, this Monterey Park gem is an unparalleled investment opportunity. Don't miss your chance to develop, invest, and thrive in one of the city's most desirable locations!
|
DAYS ON MARKET
|
41
|
LAST UPDATED
|
2/8/2025
|
|
YEAR BUILT
|
1950
|
COMMUNITY
|
Monterey Park
|
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Built-In |
| AREA |
Monterey Park |
| FIREPLACE |
Yes |
| GARAGE |
Door-Multi, Garage, Gated, Yes |
| HEAT |
Central |
| LOT |
9880 sq ft |
| PARKING |
Door-Multi,Garage,Gated |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
1 |
| STYLE |
Traditional |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
MPR1* |
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Listed with Coldwell Banker Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/15/25 8:58 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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