$1,150,000
$1,196,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
8,001 Sqft Lot
SOLD DATE : 07/24/2023
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR23074258
Sold Date 07/24/23
Bedrooms 5
HOA Y/N No
Lot Size 8,001 Sqft
Property Description
Welcome to an exceptional investment opportunity in the highly desirable area of Monterey Park. This impressive triplex features three separate units, with two units offering 2 bedrooms and 1 bathroom each, and the third unit with 1 bedroom and 1 bathroom. The units have unique layouts, and they all come with long-term tenants, ensuring a steady stream of income. The total living space of nearly 2,500 square feet and the over 8,000 square feet lot size provide plenty of space for comfortable living. The detached garage with 3 parking spaces and extra storage space offers convenience and security for tenants. The property generates a rental income of $ per month, with potential to increase further to market rent. Additional income can be generated from leasing out the extra parking space and storage shed. These features make this an ideal investment opportunity for investors looking to earn stable passive income. The location of this triplex offers easy access to major freeways such as the 60 and 10, as well as local amenities, including shopping centers, restaurants, schools, and college. Tenants can enjoy a comfortable living experience in well-maintained living spaces with plenty of natural light and ample closet space. The backyard is a good size, providing ample space for outdoor activities such as barbecues. This triplex sits on a large lot, allowing for potential expansion or development, making it an excellent investment opportunity. With a desirable location and the potential for increased rental income, this investment property is not to be missed. Don't miss your
Welcome to an exceptional investment opportunity in the highly desirable area of Monterey Park. This impressive triplex features three separate units, with two units offering 2 bedrooms and 1 bathroom each, and the third unit with 1 bedroom and 1 bathroom. The units have unique layouts, and they all come with long-term tenants, ensuring a steady stream of income. The total living space of nearly 2,500 square feet and the over 8,000 square feet lot size provide plenty of space for comfortable living. The detached garage with 3 parking spaces and extra storage space offers convenience and security for tenants. The property generates a rental income of $ per month, with potential to increase further to market rent. Additional income can be generated from leasing out the extra parking space and storage shed. These features make this an ideal investment opportunity for investors looking to earn stable passive income. The location of this triplex offers easy access to major freeways such as the 60 and 10, as well as local amenities, including shopping centers, restaurants, schools, and college. Tenants can enjoy a comfortable living experience in well-maintained living spaces with plenty of natural light and ample closet space. The backyard is a good size, providing ample space for outdoor activities such as barbecues. This triplex sits on a large lot, allowing for potential expansion or development, making it an excellent investment opportunity. With a desirable location and the potential for increased rental income, this investment property is not to be missed. Don't miss your chance to own this fantastic investment property and take advantage of the rental market's increasing demand in the City of Monterey Park.
Location
State CA
County Los Angeles
Area Monterey Park (91754)
Zoning Appraiser
Exterior
Garage Unit1:Assigned
Building
Lot Description Curbs
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Exchange
Space Rent $1,920
Listing Terms Cash, Conventional, Exchange
Financing Conventional
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Bought with Herbert Rivas • Century 21 Peak