Prime Investment & Development Opportunity in Monterey Park. Unlock the full potential of this rare corner-lot property in the highly sought-after city of Monterey Park, perfect for savvy investors, developers, and income-focused buyers. This exceptional offering includes approved plans for two additional units: a 3-bed, 2-bath second unit and a 2-bed, 2-bath ADU, making it a fully entitled, shovel-ready project. The existing structure is a well-maintained 4-bedroom, 2-bath single-family home, providing immediate rental income while you build. Once completed, the property will feature three separate units ideal for maximizing cash flow, 1031 exchange opportunities, or long-term appreciation. Whether you're looking to: Live in one unit and rent the othersCreate a high-yield multi-unit portfolio piece, or Take advantage of Monterey Park's strong rental demand, this property offers a powerful combination of location, entitlement, and income potential. Don't miss this rare opportunity to invest, develop, and generate lasting returns in one of Los Angeles County's most desirable rental markets.
|
DAYS ON MARKET
|
153
|
LAST UPDATED
|
6/30/2025
|
|
YEAR BUILT
|
1950
|
COMMUNITY
|
641 - Monterey Park
|
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
|
Prior to Jun 30, '25
|
$1,350,000
|
| Jun 30, '25 - Today |
$1,299,000 |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AREA |
641 - Monterey Park |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
Central |
| LOT |
9879 sq ft |
| PARKING |
Garage, Gated |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
1 |
| STYLE |
Traditional |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ben
Salem to contact you even if your name is on a Federal or State
"Do not call List".
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 7/6/25 2:40 AM 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.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts
Twitter
Facebook
Email