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1001 E Newmark Avenue, Monterey Park, CA 91755

Property · 2 recorded sales since 2015

1001 E Newmark Avenue, Monterey Park, CA 91755 Sold June 2015 CRMLS
$5,000,000Sold June 2015

Listing Agent: Benjamin J. Hsiang (DRE #01438644) · Listing Office: Remax Commercial and Investmen · Contact: 213-817-1000 · Bought with: Out of Area Out of Area · Out of Area · MLS #15823155 · Source: CRMLS

48,709 sqft
Lot Size
1965
Year Built
Property
Type
WallWindowUnits
Cooling

About this property

We are proud to present an extremely rare opportunity to acquire a seventy one unit apartment complex in the City of Monterey Park. The property consists two (2) separate buildings (1001 E. Newmark Avenue & 219 S. New Avenue) which consist of thirty three (33) studio units, thirty three (33) bachelor units, three (3) two bedroom one bath units, and two (2) one bedroom one bath units. These properties have NO other competition for Studios/bachelors in the area and have 59 parking spaces on site. Always fully occupied the properties have a gated community pool and well maintained grounds. These easy to manage two-story buildings sit on a spacious lot of over 48,000 square feet.

Listing description from the June 2015 sale, as reported to CRMLS.

Sale history

$5,000,000
Sold June 2015 · listed $9,650,000, on market January 2015 · MLS #15823155 · Source: CRMLS
Listing Agent: Benjamin J. Hsiang · Listing Office: Remax Commercial and Investmen · Contact: 213-817-1000 · Bought with: Out of Area Out of Area · Out of Area
$5,000,000
Sold June 2015 · listed $5,575,000, on market January 2015 · MLS #15823149 · Source: CRMLS
Listing Agent: Benjamin J. Hsiang · Listing Office: Remax Commercial and Investmen · Contact: 213-817-1000 · Bought with: Out of Area Out of Area · Out of Area
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