Residential Income — 411 N Mcpherrin Avenue, Monterey Park, CA

About this property

Excellent investment opportunity in Monterey Park featuring three rental units. The property is fully occupied with good rental income. The front house offers 2 bedrooms and 1 bathroom 1 kitchen with approximately 900 SF; the back unit offers 1 studio and 1 bathroom with approximately 282 SF; and the garage has been converted into a 2-bedroom, 1-bathroom, 1 kitchen, approximately 500 SF. The garage conversion is unpermitted. Current rents provide immediate rental income, with potential for increased rents based on estimated market rents. Conveniently located near restaurants, supermarkets, medical centers, schools, and the 10 Freeway. A great opportunity for investors seeking a multi-unit property with existing rental income and future rental upside.

Property details

Location

411 N Mcpherrin Avenue • Monterey Park, CA 91754

More homes for sale and rent in Monterey Park, CA →

Listed by

LIWEI CHEN · Pinnacle Real Estate Group

Nearby listings in Monterey Park, CA

• 482 Cumbre St, Monterey Park, CA · $1,680,000
• 251 Casuda Canyon E, Monterey Park, CA · $695,000
• 418 W Graves A, Monterey Park, CA · $3,200/mo
• 418 W Graves B, Monterey Park, CA · $3,500/mo
• 512 Ladera, Monterey Park, CA · $4,250/mo
• 721 S Garfield J, Monterey Park, CA · $2,000/mo
• 1531 Wilcox Avenue, Monterey Park, CA · $1,270,000
• 528 E Newmark, Monterey Park, CA · $1,100,000
• 701 S Garfield B, Monterey Park, CA · $2,000/mo
• 2025 S Isabella Avenue, Monterey Park, CA · $870,000
• 1050 College View Drive 7, Monterey Park, CA · $1,700/mo
• 741 S Garfield F, Monterey Park, CA · $2,500/mo

See all homes in Monterey Park, CA